Termination by the Corporation Without Cause. (a) The Corporation may terminate this Agreement at any time, without cause and for any reason, upon notice to the Employee setting forth the date of termination (this date of termination and any other date of termination prior to the Scheduled Termination Date is referred to as the "Early Termination Date"). In this event, the Employee shall be entitled to continue to receive, for a period of one (1) year after the Early Termination Date, the same Base Salary which the Employee was receiving at the time of such Early Termination Date (in the manner and as described in Section 3.1) and all Executive Benefits which the Employee was receiving or entitled to receive as of such Early Termination Date (in the manner and as described in Section 4.1). Further, all outstanding stock options which shall have been granted to the Employee shall immediately become exercisable (if not already exercisable in full) and shall continue in full force and effect.
Termination by the Corporation Without Cause. The Corporation may terminate the Employee’s employment hereunder without Cause at any time by providing ninety (90) days’ advance written notice to the Employee.
Termination by the Corporation Without Cause. The Corporation may elect to terminate Executive's employment at any time without Cause upon written notice to Executive. In the event of such termination without Cause, Executive shall be entitled to a severance payment in an amount equal to 125% of Executive's Base Salary as of the date of termination, such payment to be made in equal installments over a twelve (12) month period on the Corporation's usual pay periods.
Termination by the Corporation Without Cause. At the election of the Corporation, at any time during the term of this Agreement without cause.
Termination by the Corporation Without Cause. The Corporation shall be entitled to terminate Executive’s employment at any time without Cause by giving the Executive a one-time payment equal to the Executive’s Annual Compensation, plus an additional one months’ worth of Annual Compensation for each completed year of employment to a maximum of 18 months Annual Compensation. Such lump sum cash payment is payable on or before the fifth day following the Date of Termination. In addition, subject to the receipt of all necessary regulatory approvals, the Corporation shall permit any vested options to purchase common shares in the capital of the Corporation held by Executives to be exercisable for 6 months after the Date of Termination. All options that have not vested shall expire upon the Date of Termination. In the event of termination of Executive’s employment without Cause, rights and benefits of Executive under executive benefit plans and programs of the Corporation, unless prohibited by the relevant plan, will be continued for a twelve-month period.
Termination by the Corporation Without Cause. The Corporation may terminate your employment at any time without Cause (as defined below) by providing you with notice of termination, pay in lieu of notice of termination (as defined below) or a combination of notice and pay in lieu of notice in the amounts set out below:
Termination by the Corporation Without Cause. (a) The Corporation may terminate your employment as Senior Vice President, Search, Discovery and Evaluation at any time without Cause (as defined below) by giving you written notice of such termination and in all respects, except as set out below, the termination of your employment will be effective immediately upon your receipt of such notice. If you are a director of the Corporation you will be deemed to have resigned as a director, effective upon your receipt of the notice of termination without any further action on your part.
Termination by the Corporation Without Cause. The Corporation may terminate Employee’s employment hereunder without Cause at any time, upon 30 calendar days’ written notice to Employee. The Corporation may elect to pay to Employee his portion of Salary for the notice period in lieu of permitting Employee to continue working. If Employee is terminated by the Corporation without Cause, the Corporation will pay to Employee (i) accrued but unpaid Salary through the Termination Date, (ii) Employee’s Salary in effect on the Termination Date to be paid for a period of twelve (12) months from and after the Termination Date (such 12-month period, the “Severance Period”), (iii) a pro-rata portion of the Bonus for the year in which Employee’s Termination Date occurs, to the extent earned (such amount to be calculated by determining the amount of the Bonus earned as of the end of the year in which the Termination Date occurs and pro-rating such amount by the portion of such year Employee was employed by the Corporation), plus, if Employee’s termination occurs after year end but before the Bonus for the preceding year is paid, the Bonus for the preceding year and (iv) COBRA premiums as described in Section 2.7(g). Such Salary and Bonus will be paid as and at such times as Employee would have otherwise received his Salary and Bonus had he remained an employee of the Corporation, subject to execution of an irrevocable release as provided in Section 4.16 and provided that such Salary shall be paid commencing with the first payroll date that occurs on or after 45 calendar days following the Termination Date. In addition, under the foregoing circumstances, the Corporation will pay to Employee all unreimbursed expenses incurred by Employee prior to such termination for which Employee is entitled to reimbursement pursuant to and in accordance with Section 2.5(c). The payments to be made in accordance with this Section 2.7(a) will constitute liquidated damages and Employee will not be entitled to any other compensation from the Corporation under this Agreement or otherwise except as provided in this Section 2.7(a). This Agreement in all other respects will terminate on the Termination Date, except as otherwise provided in this Agreement.
Termination by the Corporation Without Cause. In the event of a termination without cause, the Employer will provide a severance package which will include a minimum of one year's salary, plus one month's salary for each year of employment in excess of twelve years service, to be calculated on base salary and pro-rated for car allowance and bonus incentive. It is agreed and understood that these amounts are reasonable and include any obligations which the employer may have or pay in lieu of notice and/or severance pay pursuant to the Employment Standards Act, R.S.O. 1990, c. E-14, or its counterpart in any other jurisdiction. It is agreed that this Employment Agreement may not be terminated by the Corporation without cause without the approval of the board of directors of the Corporation.
Termination by the Corporation Without Cause. In the event the Employee's employment is terminated by the Corporation without Cause (which termination shall be effective as of the date specified by the Corporation in a written notice to the Employee), other than due to death or Disability the Employee shall be entitled to and his sole remedies under this Agreement shall be:
