Common use of Termination Without Severance Benefits Clause in Contracts

Termination Without Severance Benefits. In the event the Employee's employment with the Company is terminated prior to the expiration of the Employment Term by reason of (i) the Employee's resignation other than for Good Reason, or (ii) the Employee's discharge by the Company for Cause or gross negligence, as determined by a majority of the Board, this Agreement shall terminate including, without limitation, the Company's obligations to provide any compensation, benefits or severance to the Employee under Article 2 of this Agreement or otherwise, other than the Standard Termination Entitlements as defined in Section 4.1.

Appears in 6 contracts

Samples: Employment Agreement (Hurray! Holding Co., Ltd.), Employment Agreement (Hurray! Holding Co., Ltd.), Employment Agreement (Hurray! Holding Co., Ltd.)

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Termination Without Severance Benefits. In the event the Employee's ’s employment with the Company is terminated prior to the expiration of the Employment Term by reason of (i) the Employee's ’s resignation other than for Good Reason, or (ii) the Employee's ’s discharge by the Company for Cause or gross negligence, as determined by a majority of the Board, this Agreement shall terminate including, without limitation, the Company's ’s obligations to provide any compensation, benefits or severance to the Employee under Article 2 of this Agreement or otherwise, other than the Standard Termination Entitlements as defined in Section 4.1.

Appears in 1 contract

Samples: Employment Agreement (Hurray! Holding Co., Ltd.)

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Termination Without Severance Benefits. In the event the Employee's employment with the Company is terminated prior to the expiration of the Employment Term by reason of (i) the Employee's resignation other than for Good Reasonany or no reason, or (ii) the Employee's discharge by the Company for Cause or gross negligence, as determined by a majority of the BoardBoard of Directors and defined herein, this Agreement shall terminate including, without limitation, the Company's obligations to provide any compensation, benefits or severance to the Employee under Article 2 3 of this Agreement or otherwise, other than the Standard Termination Entitlements as defined in Section section 4.1.

Appears in 1 contract

Samples: Employment Agreement (Comtech Group Inc)

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