Common use of Additional Reason Clause in Contracts

Additional Reason. If Executive shall terminate his employment for Additional Reason, as well as for Good Reason, then, in addition to and not in lieu of any other amounts payable by the Company to Executive whether pursuant to Section 6(d) or otherwise (it being the intention of the parties that, upon the occurrence of an event or events described in the definition or "Good Reason" and "Additional Reason" in Section 5(d), Executive may terminate this Agreement for Good Reason and for Additional Reason), then the Company shall pay Executive as additional severance pay, on or before the fifth day following the Date of Termination, a lump sum in cash equal to Executive's full annual Base Salary at the rate in effect at the time the Notice of Termination is given (for a total of two (2) times Executive's full annual Base Salary when combined with amounts payable pursuant to Section 6(d)(B)). In addition, (x) the Company shall make payments of premiums as necessary to cause Executive and Executive's spouse and children under age twenty-five (25) to continue to be covered by the medical and dental insurance as in effect at and as of the Date of Termination (or to provide as similar coverage as possible for the same premiums if the continuation of existing coverage is not permitted) for one (1) year in addition to the one (1) year provided for under Section 6(d) (for a total of two (2) years) after the Date of Termination, in each case to the extent such coverage is available."

Additional Reason. If Executive shall terminate his employment for Additional Reason, as well as for Good Reason, then, in addition to and not in lieu of any other amounts payable by the Company to Executive whether pursuant to Section 6(d) or otherwise (it being the intention of the parties that, upon the occurrence of an event or events described in the definition or "Good Reason" and "Additional Reason" in Section 5(d), Executive may terminate this Agreement for Good Reason and AND for Additional Reason), then the Company shall pay Executive as additional severance pay, on or before the fifth day following the Date of Termination, a lump sum in cash equal to Executive's full annual Base Salary at the rate in effect at the time the Notice of Termination is given (for a total of two (2) times Executive's full annual Base Salary when combined with amounts payable pursuant to Section 6(d)(B)). In addition, (x) the Company shall make payments of premiums as necessary to cause Executive and Executive's spouse and children under age twenty-five (25) to continue to be covered by the medical and dental insurance as in effect at and as of the Date of Termination (or to provide as similar coverage as possible for the same premiums if the continuation of existing coverage is not permitted) for one (1) year in addition to the one (1) year provided for under Section 6(d) (for a total of two (2) years) after the Date of Termination, in each case to the extent such coverage is available."