Termination by Employer Other Than for Cause. (i) Except as provided in Section 5(d)(ii), if during the term of this Agreement Officer's employment shall be terminated by Employer other than for Cause, then (A) until December 31, 2005 or the second anniversary of the Termination Date, whichever is later (the "Severance Period"), Employer shall (1) continue to pay Officer his annual base salary, at the Annual Rate in effect on the Termination Date, and (2) provide the benefits specified in Section 4(e) hereof, (B) Employer shall pay Officer, within ten (10) days after the end of each Fiscal Year ending during the Severance Period, an amount equal to the total amount of incentive compensation paid or payable to Officer in respect of the Fiscal Year immediately preceding the Fiscal Year in which Officer's Termination Date occurs (the "Bonus Rate"); provided, however, that in the event the Severance Period ends on a date prior to the end of a Fiscal Year, Employer shall also pay Officer an amount equal to the product of (1) the Bonus Rate and (2) the fraction obtained by dividing (x) the number of days elapsed since the end of the immediately preceding Fiscal Year through the end of the Severance Period by (y) 365, and (C) all non-vested stock options and other equity incentive compensation granted pursuant to Section 4(c) hereof held by Officer on the Termination Date shall become immediately and fully vested and/or exercisable, as applicable.
Termination by Employer Other Than for Cause. (a) If (i) Employer elects to terminate Executive’s employment during the Term for any reason other than Cause (as defined below) or (ii) Employer elects not to extend the Term in accordance with Section 1.02 and Employer would not at such time have Cause to terminate Executive’s employment, then (A) Employer shall continue to pay Executive’s Salary through the later of (1) the third anniversary of the Commencement Date and (2) the first anniversary of the effective date of Executive’s termination of employment and (B) in the event of a termination pursuant to clause (i), all equity-based compensation granted to Executive pursuant to Section 2.03 (including the Initial Grants) shall immediately vest and become exercisable, subject to the other terms and conditions of such grants, provided that Employer shall not be obligated to commence any payment under this Section 3.03, and Executive shall not be entitled to any such acceleration, until such time as Executive has provided an irrevocable waiver and general release of claims, including Executive’s right to notice pursuant to the Employment (Jersey) Law, 2003, as amended (other than Executive’s rights under this Agreement ), in favor of Employer, its affiliates, and their respective directors, officers, employees, agents and representatives in form and substance acceptable to Employer; provided, further, that Employer shall be entitled to cease making, and Executive shall forfeit any entitlement to receive, such payments in the event that Executive breaches any of his obligations under Article IV.
Termination by Employer Other Than for Cause. In the event of termination of Employee's employment hereunder by Employer prior to the end of the Normal Term other than "For Cause" as described above, Employee shall be entitled to severance payments in the form of continuation of Employee's base salary, as in effect immediately prior to such termination, for the remainder of the Normal Term. For the remainder of the Normal Term Employee shall also receive an annual payment equal to:
Termination by Employer Other Than for Cause a. If Employer elects to terminate Executive’s employment for any reason other than Cause (as defined below) Employer shall continue to pay Executive’s Salary for one -1- year from the effective date of Executive’s termination of employment, and in the event of a termination pursuant to clause (i), all equity-based compensation granted to Executive pursuant to Clause 2.3 shall immediately vest and become exercisable, subject to the other terms and conditions of such grants. Executive’s rights under Clause 3.5 are subject to the following conditions: (i) that Executive signs a employment termination agreement with the Employer under which the Executive agrees not to dispute a possible dismissal on the part of the Employer or the terms and conditions for such a dismissal, and waives any and all claims against the Employer, the Parent Company and their respective affiliates, directors, officers, employees, agents and representatives in form and substance acceptable to Employer in relation to Executives resignation, and (ii) that the Executive immediately complies with any request from Employer to actually terminate Executive’s employment and/or is released from the duty to work and/or to perform other duties.
Termination by Employer Other Than for Cause. If Employee is terminated by Employer for any reason other than for Cause, Employee’s right to severance benefits under this Agreement shall be as set forth in Sections 6(g) and (h) herein.
Termination by Employer Other Than for Cause. Death, Disability or -------------------------------------------------------------------
Termination by Employer Other Than for Cause. (a) The foregoing notwithstanding, Employer may terminate Employee's employment for whatever reason it deems appropriate; provided, however, that in the event such termination is not based on cause, as provided in Section 9.1 above, Employer shall continue to be obligated to pay to Employee all Base Salary remaining on initial term and shall immediately vest any options outstanding and will extend piggy-back right to said options.
Termination by Employer Other Than for Cause. EMPLOYER reserves the right to terminate this Agreement other than for cause at any time upon notice to EMPLOYEE, upon which termination, however, EMPLOYER shall pay severance equal to the lesser of (i) twelve (12) month's salary or (ii) the amount equal to the sum of the salary to be paid during the remaining term of this Agreement and the amount which would be payable (absent renewal or extension hereof) upon expiration of this Agreement pursuant to section 4.5 of this Agreement. For all purposes of this Agreement, termination of this Agreement shall be considered termination "by EMPLOYER other than for cause" if and only if such termination is pursuant to this section 4.2.
Termination by Employer Other Than for Cause. If prior to the -------------------------------------------- expiration of Employee's term of employment (except in the termination circumstance described in Paragraph 12(c)), the Employer terminates Employee's employment under this Agreement other than for just or good cause, then the Employer shall be obligated to pay to the Employee, within thirty (30) days after the date of termination, a severance amount equal to the aggregate of Employee's annual base salary (at its level as of the date of termination) which would be payable to the Employee for the balance of the present term of employment. In no event shall the severance amount to be paid Employee under this provision exceed two hundred and fifty percent (250%) of Employee's annual base salary or be less than one hundred twenty-five percent (125%) of Employee's annual base salary.
Termination by Employer Other Than for Cause. If Employer terminates Executive’s employment after December 31, 2015 for grounds other than for Cause:
