Common use of Base Salary and Target Bonus Clause in Contracts

Base Salary and Target Bonus. The Company shall continue to pay to Employee the Adjusted Base Salary in effect as of the date on which the Notice of Termination for the Continuation Period. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for two (2) years following the Termination Date with the second anniversary of the Termination Date being the Expiration Date for purposes of Section 3.2. The amount payable to Employee under this paragraph (a) is in lieu of, and not in addition to, any severance payment due to or become due to Employee under any separate agreement or contract between Employee and the Company or pursuant to any severance payment plan, program or policy of the Company.

Base Salary and Target Bonus. The Company shall continue to pay to Employee the Adjusted Base Salary under the Old Agreement in effect as of the date on which the Notice of Termination Effective Date for the Continuation Period. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for two (2) years following the Termination Effective Date with the second anniversary of the Termination Effective Date being the Expiration Date for purposes of Section 3.23.2 of the Old Agreement. The amount payable to Employee under this paragraph (a) is in lieu of, and not in addition to, any severance payment due to or become due to Employee under any separate agreement or contract between Employee and the Company or pursuant to any severance payment plan, program or policy of the Company.

Base Salary and Target Bonus. The Company shall continue to pay to Employee the Adjusted Base Salary in effect as of the date on which the Notice of Termination for the Continuation Period. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for two (2) years following the Termination Date with the second anniversary of the Termination Date being the Expiration Date for purposes of Section 3.2. The amount payable to Employee under this paragraph (a) is in lieu of, and not in addition to, any severance payment due to or become due to Employee under any separate agreement or contract between Employee and the Company or pursuant to any severance payment plan, program or policy of the Company.