Common use of Termination of Employment Period Clause in Contracts

Termination of Employment Period. 5.1. Termination On March 31, 2009 Employer shall, with notice have the right to terminate this agreement on March 31, 2009. Such determination to be made in the sole discretion of the Board. If Executive is terminated pursuant to this Section 5.1, no Severance Payment (or defined in section 6.1 hereof) shall be paid. Employer will be paid his Base Salary through the date of termination on the next regular pay date.

Termination of Employment Period. 5.1. Termination On March May 31, 2009 2008 . Employer shall, with notice have the right to terminate this agreement on March May 31, 20092008, if certain performance criteria set forth in Exhibit A hereto have not been met. Such determination to be made in the sole discretion of the Board. If Executive is terminated pursuant to this Section 5.1, no Severance Payment (or defined in section 6.1 hereof) shall be paid. Employer will be paid his Base Salary through the date of termination on the next regular pay date.

Termination of Employment Period. 5.1. Termination On March October 31, 2009 Employer shall, with notice have the right to terminate this agreement on March October 31, 2009. Such determination to be made in the sole discretion of the Board. If Executive is terminated pursuant to this Section 5.1, no Severance Payment (or defined in section 6.1 hereof) shall be paid. Employer will be paid his Base Salary through the date of termination on the next regular pay date.

Termination of Employment Period. 5.1. Termination On March August 31, 2009 2010 Employer shall, with notice have the right to terminate this agreement on March as of August 31, 20092010. Such determination to be made in the sole discretion of the Board. If Executive is terminated pursuant to this Section 5.1, no Severance Payment (or defined in section 6.1 hereof) shall be paid. Employer will be paid his Base Salary through the date of termination on the next regular pay date.

Termination of Employment Period. 5.1. Termination On March 31June 30, 2009 2012 Employer shall, with notice have the right to terminate this agreement on March 31Agreement as of June 30, 20092012. Such determination to be made in the sole discretion of the Board. If Executive is terminated pursuant to this Section 5.1, no Severance Payment (or defined in section 6.1 hereof) shall be paid. Employer will be paid his Base Salary through the date of termination on the next regular pay date.