Common use of Company’s and Executive’s Right to Terminate Clause in Contracts

Company’s and Executive’s Right to Terminate. This Agreement and Executive's employment hereunder may be terminated at any time by the Company for Cause or, if without Cause, upon thirty (30) days prior written notice to Executive. In the event the Company should give Executive notice of termination without Cause, the Company may, at its option, elect to provide Executive with thirty (30) days' salary in lieu of Executive's continued active employment during the notice period. This Agreement and Executive's employment hereunder may be terminated by Executive at any time for Good Reason and, if without Good Reason, upon thirty (30) days prior written notice to the Company.

Appears in 7 contracts

Samples: Employment Agreement (Sucampo Pharmaceuticals, Inc.), Employment Agreement (Sucampo Pharmaceuticals, Inc.), Employment Agreement (Sucampo Pharmaceuticals, Inc.)

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Company’s and Executive’s Right to Terminate. This Agreement and Executive's ’s employment hereunder may be terminated at any time by the Company for Cause or, if without Cause, upon thirty (30) days prior written notice to Executive. In the event the Company should give Executive notice of termination without Cause, the Company may, at its option, elect to provide Executive with thirty (30) days' salary in lieu of Executive's ’s continued active employment during the notice period. This Agreement and Executive's ’s employment hereunder may be terminated by Executive at any time for Good Reason and, if without Good Reason, upon thirty (30) days prior written notice to the Company.

Appears in 5 contracts

Samples: Employment Agreement (Sucampo Pharmaceuticals, Inc.), Employment Agreement (Sucampo Pharmaceuticals, Inc.), Employment Agreement (Sucampo Pharmaceuticals, Inc.)

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Company’s and Executive’s Right to Terminate. This Agreement and Executive's ’s employment hereunder may be terminated at any time by the Company for Cause or, if without Cause, upon thirty (30) days prior written notice to Executive, subject to the provisions of Section 3.4(b) below. In the event the Company should give Executive notice a Notice of termination Termination without Cause, the Company may, at its option, elect to provide Executive with thirty (30) days' salary in lieu of Executive's ’s continued active employment during the notice period. This Agreement and Executive's ’s employment hereunder may be terminated by Executive at any time for Good Reason and, if without Good Reason, upon thirty (30) days prior written notice to the Company.

Appears in 3 contracts

Samples: Employment Agreement (Hickory Tech Corp), Employment Agreement (Hickory Tech Corp), Employment Agreement (Hickory Tech Corp)

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