TERMINATION OTHERWISE Sample Clauses

TERMINATION OTHERWISE. The above provisions of this Employment Agreement to the contrary notwithstanding, Cohron's employment may be terminated, upon delivery to Cohr▇▇ ▇▇ 60 days notice of termination, at any time during the Term, with or without cause, if the Employer's Board of Directors, for any reason whatsoever, determines that such employment should be terminated. It is understood that Cohr▇▇ ▇▇▇ no continuing right to employment by Employer, and that Employer may, therefore, terminate Cohron's employment at any time of its choosing, and for any reasons which are satisfactory to it. If notice is delivered pursuant to this Paragraph 14 that Cohron's employment is terminated, or Employer timely delivers notice to Cohr▇▇ ▇▇▇t it does not intend to renew this Agreement pursuant to Paragraph 2 above, then Cohr▇▇ ▇▇▇ll be entitled to receive all compensation and fringe benefits to which she is otherwise entitled (and which would otherwise accrue) under this Employment Agreement during the period of 60 days following delivery of such notice. At the conclusion of such period of 60 days, Cohron's employment in the Position shall be terminated and the only rights to compensation and fringe benefits which Cohr▇▇ ▇▇▇ll thereafter have under this Employment Agreement shall be: (a) the right to receive from Employer, on the next scheduled salary payment date, the value of fringe benefits accruing to Cohr▇▇ ▇▇▇er this Agreement as of the effective date of the termination (subject to the terms and conditions of any plan or agreement pursuant to which such benefits are made available) and (b) the right to receive from Employer the total amount of the salary, at the annual rate then in effect, equal to the number of months of Cohron's service under the Term but in no event to exceed twelve (12) months (such total amount being referred to as "Severance Pay") . For purposes of this Paragraph 14, the Term shall begin anew on each occasion that this Employment Agreement is renewed.