Common use of Payment Upon Termination of Employment Clause in Contracts

Payment Upon Termination of Employment. 2.1. The term (“Term”) of this Agreement shall commence on 22nd May 2006 and this Agreement shall remain in effect its termination in accordance with its terms. Without any cause, both parties have the right to terminate this employment conbtract by giving 3 months’ written notie or payment of 3 months’ basic salary (the lump sum payment in clause 2.7) in lieu thereof.

Payment Upon Termination of Employment. 2.1. The term (“Term”) of this Agreement shall commence on 22nd May 2006 November 1, 2007 and this Agreement shall remain in effect its termination in accordance with its terms. Without any cause, both parties have the right to terminate this employment conbtract contract by giving 3 months’ written notie notice or payment of 3 months’ basic salary (the lump sum payment in clause 2.72.8) in lieu thereof.

Payment Upon Termination of Employment. 2.1. The term (“Term”) of this Agreement shall commence on 22nd May 2006 January 1, 2008 and this Agreement shall remain in effect its termination unless and until terminated in accordance with its termsthe terms herein. Without any cause, both parties have either party has the right to terminate this employment conbtract contract by giving 3 months’ written notie notice or payment of 3 months’ basic salary (the lump sum payment in clause 2.7) in lieu thereof.