Common use of Termination and Effect Clause in Contracts

Termination and Effect. This Agreement will begin on the date first written above and shall continue until the three-year anniversary of such date. Nevertheless, Executive’s employment under this Agreement may be earlier terminated in any of the followings ways: (a) immediately (and automatically) upon Executive’s death; (b) by the Company upon not less than 14 days prior written notice to Executive of the Company’s desire to terminate this Agreement as a result of Executive’s incapacity due to physical or mental illness or injury resulting in Executive’s absence from his full-time duties hereunder for four consecutive weeks, subject to Executive’s right to cure (no more than two times per calendar year) during the 14-day period; (c) by the Company immediately for Good Cause; (d) by the Company upon not less than 14 days prior written notice to Executive for any reason or no reason; (e) by Executive immediately for Good Reason; or (f) by Executive upon not less than 60 days prior written notice to the Company for any reason or no reason.

Termination and Effect. This Agreement will begin be effective on the date first written above November 1, 2019, and shall continue until the three-year anniversary of such date. Nevertheless, Executive’s employment under this Agreement may be earlier terminated in any of the followings ways: (a) immediately (and automatically) upon Executive’s death; (b) by the Company upon not less than 14 days prior written notice to Executive of the Company’s desire to terminate this Agreement as a result of Executive’s incapacity due to physical or mental illness or injury resulting in Executive’s absence from his full-time duties hereunder for four consecutive weeks, subject to Executive’s right to cure (no more than two times per calendar year) during the 14-day period; (c) by the Company immediately for Good Cause; (d) by the Company upon not less than 14 days prior written notice to Executive for any reason or no reason; (e) by Executive immediately for Good Reason; or (f) by Executive upon not less than 60 days prior written notice to the Company for any reason or no reason.