Common use of All Terminations Clause in Contracts

All Terminations. On any termination of your employment hereunder: (i) In the event of any termination of your employment hereunder, you shall be under no obligation to seek other employment or otherwise mitigate the obligations of any person or entity under this Letter Agreement, and there shall be no offset against amounts or benefits due you under this Letter Agreement or otherwise on account of any remuneration or other benefit that you earn or receive after such termination. Any amounts due to you under this Section 10 are considered to be reasonable by the Company and are not in the nature of a penalty. (ii) You will be entitled to additional benefits (if any) in accordance with the then-applicable terms of any applicable Company Arrangement (including, without limitation, any bonus earned with respect to a previously completed period under Section 4 above), provided that you hereby acknowledge and agree that, in connection with any termination of your employment hereunder, you will not be eligible to receive severance or termination benefits under any plan, policy, program or practice of the Company, except as expressly contemplated by this Letter Agreement or otherwise approved by the Board. (iii) The value of unused Paid Time Off shall be determined based on the quotient of (A) your annual Base Salary rate divided by (B) 250. (iv) Each of you and the Company, upon reasonable request by the other, shall provide reasonable post-termination assistance and cooperation to the other party. (v) There shall be no restrictions on your post-employment activities other than those expressly set forth in this Letter Agreement, and the post-employment restriction set forth in this Letter Agreement shall be enforceable only through claims for equitable relief in accordance with Section 12(d) below and claims for damages in accordance with Section 15(f) below.

All Terminations. On any termination of your employment hereunder: (i) If delaying any payment or benefit that would otherwise be due to you in connection with any termination of your employment until six months and one day after such termination would avoid imposition of “additional tax” on such payment or benefit under Section 409A of the Code, then such payment or benefit shall be so delayed. (ii) In the event of any termination of your employment hereunder, you shall be under no obligation to seek other employment or otherwise mitigate the obligations of any person or entity under this Letter Agreement, and there shall be no offset against amounts or benefits due you under this Letter Agreement or otherwise on account of any remuneration or other benefit that you earn or receive after such termination. Any amounts due to you under this Section 10 10, or under Section 8, are considered to be reasonable by the Company and are not in the nature of a penalty. (iiiii) You will be entitled to additional benefits (if any) in accordance with the then-applicable terms of any applicable Company Arrangement (including, without limitation, any bonus earned with respect to a previously completed period under Section 4 or 6 above), provided that you hereby acknowledge and agree that, in connection with any termination of your employment hereunder, you will not be eligible to receive severance or termination benefits under any plan, policy, program or practice of the Company, except as expressly contemplated by this Letter Agreement or otherwise approved by the Board. (iiiiv) The value of unused Paid Time Off vacation days shall be determined based on the quotient of (A) your annual Base Salary rate divided by (B) 250. (ivv) Each of you and the Company, upon reasonable request by the other, shall provide reasonable post-termination assistance and cooperation to the other party. (vvi) There shall be no restrictions on your post-employment activities other than those expressly set forth in this Letter Agreement, and the post-employment restriction set forth in this Letter Agreement shall be enforceable only through claims for equitable relief in accordance with Section 12(d) below and claims for damages in accordance with Section 15(f) below.