The Company's Right to Terminate Without Cause. Subject to the payment to Executive of the amounts required by Section 7.3 below, at any time during the term of this Agreement, the Company may terminate Executive's employment with the Company without "Cause" (as defined in subsection (b) above), effective immediately upon written notice to Executive, whereupon this Agreement will terminate and Executive shall have no further rights or be entitled to any other benefits of this Agreement, other than the payments and benefits referred to in Section 7.3 below. Notwithstanding the foregoing, if the Company terminates Executive without "Cause" within one (1) year after a Change of Control, the Company shall pay Executive the compensation described in Section 4(d) hereof as though Executive had given the Notice of Intention described in Section 4(c) (whether or not Executive actually gave such Notice of Intention).
The Company's Right to Terminate Without Cause. Upon sixty (60) days written notice, the Company may terminate this Agreement on a Patent-by-Patent or Know-How-by-Know-How basis or in its entirety without cause.
The Company's Right to Terminate Without Cause. The Company may terminate Executive’s employment under this Agreement at will, at any time during the Term of Employment, without Cause (an “Involuntary Termination Without Cause”). In the event that the Company exercises its right to terminate Executive’s employment in an Involuntary Termination Without Cause, then Executive will be entitled to receive Base Salary and benefits earned up to and including the date of termination of Executive’s employment (the “Termination Date”) and will be entitled to the following:
The Company's Right to Terminate Without Cause. The Company may terminate this Agreement at any time during the first year of the Employment Period upon twelve (12) months’ notice to Employee; at any time during the second year of the Employment Period on eight (8) months’ notice to Employee; and at any time after the second year of the Employment Period (including after expiration of the Employment Period where Employee is employed at will), on six (6) months’ notice to Employee. The Company may elect to pay Employee for the notice period (hereinafter “Severance”) in lieu of permitting Employee to continue working, subject to Employee’s execution of a release agreement in favor of the Company. Aside from the provisions in this paragraph, the Company shall have no further obligations to Employee after such termination without cause.
The Company's Right to Terminate Without Cause. Upon sixty (60) days written notice to Pfizer, the Company may terminate this Agreement on a Compound-by-Compound and Analog-by-Analog basis or in its entirety without cause.
The Company's Right to Terminate Without Cause. Subject to the payment to Employee of the severance payments as provided in Section 5.6(b) below, and subject to maintaining the period in which Employee may exercise his stock option as provided in Section 5.6(c) below, the Company will have the right, exercisable at any time to terminate Employee's employment with the Company without “Cause” (as defined in Section 5.4 above), immediately upon written notice to Employee.
The Company's Right to Terminate Without Cause. Subject to the payment to Executive of the amounts required by Section 7.3 below, at any time during the term of this Agreement, the Company may terminate Executive's employment with the Company without "Cause" (as defined in Section 7.3 above), effective immediately upon written notice to Executive, whereupon this Agreement will terminate and Executive shall have no further rights or be entitled to any other benefits of this Agreement, other than the payments and benefits referred to in Section 7.3 below.
The Company's Right to Terminate Without Cause. The Company may terminate this Agreement and the employment relationship at will, at any time during the Term of Employment, without cause. In the event that the Company exercises its right to terminate this Agreement and the employment relationship pursuant to this provision, the Company shall pay Executive, in addition to all sums to which Executive shall be entitled as a result of his employment and all acts up to and including the date of termination of Executive's employment, the lesser of two (2) years Base Salary or the Base Salary owed for the remainder of Term of the Employment. Provided, however, that if the Company exercises its right to terminate this Agreement and the employment relationship pursuant to this provision during the third year of this Agreement, the Company shall pay Executive, in addition to all sums to which Executive shall be entitled as a result of his employment and all acts up to and including the date of termination of Executive's employment, one (1) year Base Salary. No additional benefits will be earned by Executive following the last day of actual work. This severance pay will be paid in a lump sum or in monthly installments, at the Company's option, less applicable withholdings.
