Common use of Termination of the Employment Clause in Contracts

Termination of the Employment. The Board of Directors of the Employer shall have the right to terminate the Executive’s employment under this Agreement at any time during the Term, for Cause, for other than Cause, or on account of the Executive’s Permanent Disability, subject to the provisions of this paragraph 5. The Executive’s employment under this Agreement shall automatically terminate upon the Executive’s death during the Term. The Executive’s “Termination Date” shall be the date specified in written notice from the Board to the Executive, or to the Board from the Executive in accordance with subparagraph (c) below, given in accordance with the provisions of paragraph 13, except as otherwise agreed by the parties.

Termination of the Employment. The Board of Directors of the Employer shall have the right to terminate the Executive’s employment under this Agreement at any time during the Term, for Cause, for other than Cause, or on account of the Executive’s Permanent Disability, subject to the provisions of this paragraph 5. The Executive’s employment under this Agreement shall automatically terminate upon the Executive’s death during the Term. The Executive’s “Termination Date” shall be the date specified in written notice from the Board to the Executive, or to the Board from the Executive in accordance with subparagraph (c) below, given in accordance with the provisions of paragraph 1314, except as otherwise agreed by the parties.

Termination of the Employment. The Board of Directors of the Employer shall have the right to terminate the Executive’s employment under this Agreement at any time during the Term, for Cause, for other than Cause, or on account of the Executive’s Permanent Disability, subject to the provisions of this paragraph 5. The Executive’s employment under this Agreement shall automatically terminate upon the Executive’s death during the Term. The Executive’s “Termination Date” shall be the date specified in written notice from the Board to the Executive, or to the Board from the Executive in accordance with subparagraph (c) below, given in accordance with the provisions of paragraph 13, except as otherwise agreed by the parties.