Common use of With Notice Clause in Contracts

With Notice. Either the Corporation or Employee may terminate this Agreement during the original or any extension term of employment by giving ninety (90) days prior written notice to the other party. If the Corporation terminates this Agreement with such notice, or gives a notice of non-renewal pursuant to Section 4 of this Agreement, then Employee shall be entitled to an amount equal to the sum of (i) the Employee's then current monthly salary multiplied by 12 plus (ii) an accrued bonus amount equal to 100% of the Employee's then current annual salary pro rated from the first day of the calendar year in which such notice is given through and including the day and date that the Employee leaves the employment of the Company, with said amount to be paid in a lump sum upon the date of termination of this Agreement."

With Notice. Either the Corporation or Employee may terminate this Agreement during the original or any extension term of employment by giving ninety (90) days prior written notice to the other party. If the Corporation terminates this Agreement with such notice, or gives a notice of non-renewal pursuant to Section 4 of this Agreement, then Employee shall be entitled to an amount equal to the sum of (i) the Employee's then current monthly salary multiplied by 12 plus (ii) an accrued bonus amount equal to 10050% of the Employee's then current annual salary pro rated from the first day of the calendar year in which such notice is given through and including the day and date that the Employee leaves the employment of the Company, with said amount to be paid in a lump sum upon the date of termination of this Agreement."

With Notice. Either the Corporation or Employee may terminate this Agreement during the original or any extension term of employment by giving ninety (90) days prior written notice to the other party. If the Corporation terminates this Agreement with such notice, or gives a notice of non-renewal pursuant to Section 4 of this Agreement, then Employee shall be entitled to an amount equal to the sum of (i) the Employee's ’s then current monthly salary multiplied by 12 plus (ii) an accrued bonus amount equal to 10050% of the Employee's ’s then current annual salary pro rated from the first day of the calendar year in which such notice is given through and including the day and date that the Employee leaves the employment of the Company, with said amount to be paid in a lump sum upon the date of termination of this Agreement."