Termination by the Companies without Cause. If this Agreement is terminated by the Companies without Cause pursuant to Section 6(d) hereof, the Companies will, within 30 days, pay in a lump sum amount to KSC (i) any accrued and unpaid Service Fee and Benefits Reimbursement Amount through the date of such termination and (ii) an amount equal to the discounted present value (using the U.S. national prime rate as the discount rate) of the remaining unpaid installments of the Service Fee and Benefits Reimbursement Amount from the date of such termination through the remainder of the Applicable Period (assuming that the Benefits Reimbursement Amount with respect to each remaining year of the Applicable Period shall be equal to that applicable to the year in which such termination takes place). (e)
Termination by the Companies without Cause. The Companies may terminate this Agreement without Cause upon 30 days written notice to KSC.
Termination by the Companies without Cause. The Companies may terminate the Executive’s employment under this Agreement without Cause at any time and for any reason, or for no reason. Such termination shall be effective on the date the Executive is so informed, or as otherwise specified by the Companies.
Termination by the Companies without Cause. The Companies may terminate the Executive's employment under this Agreement without Cause at any time by giving written notice to the Executive. Such termination will become effective upon the date specified in such notice, provided that such date is at least 30 days after the date of such notice. Upon the effective date of any such termination, (i) all unvested Service Options will immediately become vested and exercisable, (ii) the Company will pay the Executive, within five days of the effective date of termination an amount equal to two times the sum of (A) his then annual base salary and (B) his average annualized incentive bonus (such average to be based on the bonuses paid, or payable, with respect to the three fiscal years of the Company ended immediately prior to the date of termination, or such shorter number of years as shall have ended between the commencement of the Term and the date of termination) and (iii) the Company will make all COBRA benefit payments on behalf of the Executive and his dependents for up to one year following such termination. The termination of the Executive's employment for any reason other than those specified in Sections 5(b), (c) and (d) below shall be deemed to be a termination without Cause.
Termination by the Companies without Cause. If the Services Relationship is terminated by the Companies without Cause pursuant to Section 6(d) hereof, then
Termination by the Companies without Cause. The Companies may terminate Employee's employment without cause at any time. In the event that the Companies do so at any time during the Covered Period, Employee shall be entitled, as a severance allowance, to continuation of his base salary ("Base Salary") and all medical, health, disability, life and accident insurance maintained for Employee's benefit immediately prior to the date of Employee's termination (collectively, "Salary and Benefits") for a period equal to twenty-four (24) months from the date of termination. It is understood and agreed that management of the Companies, in their discretion, may provide a reasonable period of prior notice for any such termination in order to facilitate an orderly transition of Employee's duties to his successor.
Termination by the Companies without Cause. The Companies may terminate this Agreement without Cause (as defined below) at any time upon fifteen (15) days prior written notice to the Executive. In that event, the Companies shall pay to the Executive the sum of (i) any fees and expenses accrued through the date of termination, and (ii) $20,000, and shall not have any further obligation or liability to the Executive.
Termination by the Companies without Cause. The Companies may terminate this Agreement and Employee's employment without Cause (as defined below) after the first anniversary of Employee's employment by the Companies under this Agreement by Sending Employee written notice of such termination without Cause. The date of such notice shall be the date of termination of this Agreement. Notwithstanding anything in this Agreement to the contrary, if the Companies terminate Employee's employment without Cause pursuant to this paragraph (b), (i) and if such termination shall be prior to the third anniversary of this Agreement, Employee shall continue to be considered employed by the Companies with respect to all salary, bonus, consideration for non-compete, stock options and benefits under this Agreement until the third anniversary of this Agreement, and (ii) irrespective of the date of termination of this Agreement, Employee shall be entitled to any severance payment or other benefits due to Employee pursuant to any employee benefit plan or policy of either of the Companies. For purposes of this Agreement, "without Cause" shall mean for any reason whatsoever.
