Common use of Termination Without Good Cause Clause in Contracts

Termination Without Good Cause. The Company may terminate Employee's employment prior to the Expiration Date at any time whether or not for Good Cause (as "Good Cause" is defined in Section 11(C) above). In the event the Company terminates Employee without cause, the Company will pay Employee a lump sum amount equal to the greater of (i) two times the Employee's annual salary at the time of termination, or (ii) the total base salary remaining unpaid under this Agreement through its full term. Such severance payment shall be paid within 90 days following the date of Employee's termination. In addition, the company shall provide at no cost to the Employee continuing health and welfare benefit coverage at least equal to his existing coverage for a period of two years.