Termination without cause by the company clause samples

(d)Termination Without Cause by the Company.The Company may terminate Executive’s employment at any time for any reason (or for no reason) upon five (5) business days’prior written notice to Executive (without stating any grounds for termination for Cause) (“Termination Without Cause”). For purposes of this Section 4, except as otherwise expressly provided herein, Termination Without Cause shall also include a termination of Executive’s employment by virtue of expiration of the Employment Term as of a Renewal Date on account of the Company’s election not to extend this Agreement in accordance with Section 1 hereof.

(c)Termination Without Cause by the Company.If Executive’s employment is terminated as a result of a Termination Without Cause, Executive shall be entitled only to payment of Executive’s then-current salary through the date of termination and for a period of twelve (12) months thereafter (payable in accordance with the Company’s regular payroll practices), any previously earned but yet unpaid Incentive Bonus amount pursuant to Section 3.2 in respect of the immediately preceding calendar year, any amounts accrued and payable under any benefit plans (payable at such times as provided therein), and any amounts payable for unreimbursed business expenses incurred prior to the date of termination.

a.The Executive’s employment with the Company may be terminated by the Company at any time for Cause or without Cause as defined herein. The Executive’s employment with the Company shall be terminated immediately upon the death of the Executive and in such an event shall be deemed a termination without Cause by the Company. The Executive’s employment with the Company may be terminated at any time by the Executive.