Common use of BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON Clause in Contracts

BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON. The Employee may terminate his employment, with or without Good Reason (as defined below), at any time upon at least sixty (60) days' advance written notice to the Company. In the event of a family emergency, including but not limited to the death or incapacity of an immediate family member, or upon other circumstances deemed sufficient by a majority of the IFSC Board, the Employee may terminate his employment upon fifteen (15) days' advance written notice to the Company. In the event of termination at the Employee's option without Good Reason, the Employee shall be entitled to no severance or other termination benefits after the expiration of the sixty-day period referred to above, except as otherwise required by law. In the event the Employee terminates his employment for Good Reason, the Company agrees to pay the Employee, in a lump sum within fifteen (15) days of the Employee's last day of employment with the Company, a severance payment equal to the product of (i) the greater of (x) the remaining number of months in the term

BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON. The Employee may terminate his her employment, with or without Good Reason (as defined below), at any time upon at least sixty (60) days' advance written notice to the Company. In the event of a family emergency, including but not limited to the death or incapacity of an immediate family member, or upon other circumstances deemed sufficient by a majority of the IFSC Board, the Employee may terminate his her employment upon fifteen (15) days' advance written notice to the Company. In the event of termination at the Employee's option without Good Reason, the Employee shall be entitled to no severance or other termination benefits after the expiration of the sixty-day period referred to above, except as otherwise required by law. In the event the Employee terminates his her employment for Good Reason, the Company agrees to pay the Employee, in a lump sum within fifteen (15) days of the Employee's last day of employment with the Company, a severance payment equal to the product of (i) the greater of (x) the remaining number of months in the term