Common use of Without Reason Clause in Contracts

Without Reason. Executive may terminate his employment at any time Without Reason. Without limiting the meaning of the term "Without Reason," it shall constitute termination of employment Without Reason if, at the expiration of the Term (including any month-to-month extensions pursuant to Section 1), Executive refuses to sign a renewal or extension of this Agreement or a successor agreement for an addition term of one or more years, provided that such renewal, extension or successor agreement does not reduce Executive's then current base salary or short- or long-term incentive targets.

Without Reason. Executive may terminate his employment at any time Without Reason. Without limiting the meaning of the term "Without Reason," it shall constitute termination of employment Without Reason if, at the expiration of the Term (including any month-to-month extensions pursuant to Section 1), Executive refuses to sign a renewal or extension of this Agreement or a successor agreement for an addition additional term of one or more years, provided that such renewal, extension or successor agreement does not reduce Executive's then current base salary or short- or long-term incentive targetstargets or otherwise violate the compensation terms described in Section 3.