After the Term. Lessee shall continue to maintain at its expense the insurance described in Section 12(a) for three years after the expiration or termination of the Basic Term or Renewal Term, if Lessee has elected to renew the Lease in accordance with Section 20, covering each Indemnitee as its interest may appear and specifically insuring the indemnity contained in Section 13 to the extent of the coverage of such policy.
After the Term. If, at any time after the Term, Company should terminate Employee's employment without Cause, or if Employee should terminate his employment for Good Reason, Company shall pay to Employee the Severance Payment, which shall be in lieu of any amount payable to Employee under the Company's Severance Policy for Senior Management, payable in a lump sum within five (5) days of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(a)(ii), (A) all Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company and (B) Employee shall vest in two-thirds of the Performance Shares granted during the Term which have not vested pursuant to clause (A). All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan as then in effect. Within five (5) days of a termination pursuant to this Section 6(a)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. At-Will"
After the Term. If, after the Term, Company should terminate Employee's employment for Cause or Employee should terminate his employment without Good Reason, Employee will be entitled to be paid the pro-rata annual base salary otherwise payable to Employee under paragraph (a) of Section 4 through the date of termination and a pro-rata annual bonus through the date of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(b)(ii), all outstanding Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company. All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan then in effect. Within five (5) days of a termination pursuant to this Section 6(b)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. For a period of eighteen (18) months after the Term (the "Restricted Period"), the Executive shall keep, observe and abide by each of the following separate covenants:
5.2.1 Except on behalf of the Company, the Executive shall not, either directly or indirectly, on his own behalf or as a partner, officer, director, employee, consultant, agent or trustee of any person, firm, corporation, partnership or other entity, within the Area, as defined in Section 5.3, engage in or be employed by or have any interest in any business organization of whatever form engaged, either directly or indirectly, in a Competing Business in a capacity that requires him to perform services on behalf of such Competing Business substantially similar to those performed by him on behalf of the Company; provided, however, that the Executive may during the Restricted Period interview and seek to make arrangements for such employment, engagement or interest that commences after the Restricted Period.
5.2.2 During the Restricted Period, except on behalf of the Company, the Executive shall not, either directly or indirectly, on his own behalf or in the service or on behalf of others, solicit, divert or hire away, to any Competing Business or attempt to solicit, divert or hire away, to any Competing Business any person or persons employed by the Company as of the termination of the Term or within the six (6) months preceding or subsequent to the termination of the Term, whether or not such employee is a full-time employee or a temporary employee of the Company, and whether or not such employment is pursuant to a written contract with the Company or is for a determined period or at will, until such employee has ceased his employment with the Company for at least six (6) months.
After the Term. Upon the termination of this Agreement for any reason, the Company shall have the right to require the Executive not to compete ("Non-Compete Requirement") with the Company for a period of 24 months ("Non-Compete Period"). The Company shall notify the Executive, in writing, within ten (10) days of the termination of this Agreement of its intent to enforce the Non-Compete Requirement. If the Company elects to enforce the Non-Compete Requirement, it shall pay to the Executive in 24 consecutive equal monthly installments of $16,666.66 each, the total sum of $400,000.00. The first installment shall be due and payable 15 days after the date of termination. If the Company fails to notify Executive of its intent to enforce the Non-Compete Requirement, as provided herein, the Executive shall be free to compete against Company or any business then being conducted by the Company.
After the Term. For a period of eighteen (18) months after the Term (the "Restricted Period"), the Executive shall keep, observe and abide by each of the following separate covenants:
After the Term. Licensee may make reference to the Marks (i) in internal historical, tax, legal, employment or similar records or for purposes of prospectus and similar disclosures as are reasonably necessary and appropriate to describe the historical relationship of Licensee with Licensor and its Affiliates; (ii) as required by applicable law or (iii) in plain text (not logo or stylized form) in a neutral, non-trademark manner that is permitted by trademark “fair use” principles.
After the Term. Bonus eligibility and opportunities, if any, after the expiration of the Term may be in such amounts and subject to such terms and conditions to be determined and approved by the Board in its sole and absolute discretion prior to the expiration of the Term.
After the Term. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, Tenant shall surrender the Leased Premises to Landlord with all Improvements in good condition, reasonable wear and tear excepted, and Tenant shall not be permitted to remove any Improvements. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, all Improvements and all alterations, additions, equipment and fixtures thereto shall be deemed to be and shall automatically become the property of Landlord, without cost or charge to Landlord.
