Common use of By the Executive Without Good Reason Clause in Contracts

By the Executive Without Good Reason. The Executive may terminate this Agreement and the Executive’s employment hereunder at any time effective upon at least sixty (60) days’ prior written notice to the Company; provided, that the Company may, in its sole discretion, within five (5) days of its receipt of such notice, waive such notice period and accelerate the date of the Executive’s termination to any date that occurs following the Company’s receipt of such notice without changing the characterization of such termination as a resignation, even if such date is prior to the date specified in such notice, and any pay in lieu of such notice period or portion thereof that the Company has so waived is capped at thirty (30) days.

By the Executive Without Good Reason. The Executive may terminate this Agreement and the Executive’s his employment hereunder at any time effective upon at least sixty thirty (6030) days’ prior written notice to the Company; provided, that . In the Company may, in its sole discretion, within five (5) days event of its receipt of such notice, waive such notice period and accelerate the date termination of the Executive’s termination employment in accordance with this Section 5(f), the Board may elect to any date that occurs following waive the Company’s receipt period of such notice without changing the characterization of such termination as a resignation, even if such date is prior to the date specified in such notice, and or any pay in lieu of such notice period or portion thereof that thereof, and, if the Board so elects, the Company has will pay the Executive the Base Salary for the period so waived is capped waived. The Company shall also pay the Executive the Final Compensation due to him (other than business expenses described in Section 5(a)(ii)) at the time prescribed by applicable law and in all events within thirty (30) daysdays following the Termination Date.