Common use of Termination by Corporation Without Cause Clause in Contracts

Termination by Corporation Without Cause. The Corporation may terminate the Agreement without Cause. In the event the Executive is terminated for any reason other than Cause as defined in Section 4.2, the Executive shall be entitled to continue receiving his Salary, as a severance payment, for the period consisting of the shorter of: (i) four (4) months after date of termination; or, (ii) the remaining balance of the Initial Term or Additional Term, as the case may be, of this Agreement then in effect.

Termination by Corporation Without Cause. The Corporation may terminate the Agreement without Cause. In the event the Executive is terminated for any reason other than Cause as defined in Section 4.2, the Executive shall be entitled to continue receiving his Salary, as a severance payment, for the period consisting of the shorter of: (i) four six (46) months after date of termination; or, (ii) the remaining balance of the Initial Term or Additional Term, as the case may be, of this Agreement then in effect. Prior to delivery to Executive of the first installment of severance benefits payable this Section 4.2 of this Agreement, Executive must deliver to the Corporation a general release against any other liability of the Corporation to Executive.

Termination by Corporation Without Cause. The Corporation may terminate the Agreement without CauseCause by the Board. In the event the Executive is terminated for any reason other than Cause “Cause” as defined in Section 4.24.1, as the Executive’s sole remedy and severance. the Executive shall be entitled to continue receiving his Salary, as a severance payment, Salary for the period consisting of the shorter of: (i) four six (46) months after date of termination; or, (ii) the remaining balance of the Initial Term or Additional Term, as the case may be, of this Agreement then in effect, and the Executive shall receive any bonuses which have accrued pursuant to this Agreement as of the date of termination.

Termination by Corporation Without Cause. The Corporation may terminate the Agreement without Cause. In the event the Executive is terminated for any reason other than Cause as defined in Section 4.24.1, the Executive shall be entitled to continue receiving his her Salary, as a severance payment, for the period consisting of the shorter of: (i) four two (42) months after date of termination; or, (ii) the remaining balance of the Initial Term or Additional Term, as the case may be, of this Agreement then in effect. Prior to delivery to Executive of the first installment of severance benefits payable this Section 4.3 of this Agreement, Executive must deliver to the Company a general release against any other liability of the Corporation to Executive.