I would suggest that you have to look at the finanical side of the termination clause also. These days, i came across an offer from a company which wanted to hire me immediately (as in 2 weeks time), and agreed to pay for entire notice period with the current organization (which was 1 month notice).
Catch was, in their offer letter, they had 3 months of notice period, which would be a substantial amount. so though they say they believe in Hire and Fire policy, but i think they miss out on the latter part.
.....just my 2 cents!!