Term Termination and Severance. This Agreement shall be effective during the period commencing on the Effective Date and terminating on July 31, 2021 (the “Term”); provided that the Term may be extended for successive periods by mutual written agreement within 90 days prior the end of the Term.
Term Termination and Severance. A. Employment Term of Agreement. The “Employment Term” of this Agreement shall commence on January 6, 2017 and shall continue in effect for a period of thirty six (36) months or until terminated by one of the parties pursuant to the terms of this Section 5. Following such thirtysix (36) month period (and each twelve (12) month period thereafter), the Employment Term shall automatically renew for successive twelve (12) month periods unless either party hereto notifies the other party at least sixty days in advance the applicable period of its intent to not renew the Agreement.
Term Termination and Severance. This Agreement shall be effective during the period commencing on the Effective Date and terminating on December 31, 2020 (the “Term”); provided that the Term may be extended for successive periods by mutual written agreement within 90 days prior the end of the Term. If Employee is terminated prior to the Term of this agreement for reasons other than Cause, which has the meaning set forth below in Section 6. (a) (“Termination or Terminated”), then the Company shall provide the Employee with the following: i) 12 months of salary based on the salary at the time of termination, ii) $15,000 to cover health insurance costs, iii) Any amounts earned, accrued or owing but net yet paid to the Employee at the time of termination in a lump sum at the time of termination, (iv) immediate vesting of 50% of any unvested options ( i) through iv) being “Severance”).
Term Termination and Severance. This agreement shall be effective upon execution by the parties and shall remain in full force and effect thereafter, until terminated as provided herein. Employee may terminate this Agreement upon 30 days written notice to the Company for any reason. The Company may terminate this Agreement for any reason, whether for cause or not for cause, by providing written notice to Employee on or prior to the proposed date of termination. This Agreement shall terminate immediately upon the death of Employee. Upon termination of employment for any reason, Employee shall return immediately to the Company all documents, property, and other records of the Company, and all copies thereof, within Employee's possession, custody or control, including but not limited to any materials containing any Trade Secrets or Confidential Information (as defined below) or any portion thereof.
Term Termination and Severance
