Common use of Base Salary, Etc Clause in Contracts

Base Salary, Etc. Upon the termination of the Executive’s employment pursuant to Section 4 hereof, the Company shall pay the Executive (i) the Base Salary payable to him under Section 3 through the last day of his actual employment by the Company, (ii) unless the Executive is terminated for Cause, at the time the Company pays its executives bonuses in accordance with its normal processes, a pro rata portion of any MIP Bonus earned but not previously paid for the year in which termination occurs, based upon the targets established under that year’s MIP Bonus Plan (such pro rata portion to be based on the portion of the year in which the Executive was employed by the Company), and (iii) the value of any accrued but unused vacation entitlement. In addition, the Executive shall be entitled to retain any computer, printer, mobile telephone, email device or similar portable equipment located in his office or home at the time of his termination, however, the Company shall have the right to erase any Company related information or data on the computer or other electronic device prior to receipt by the Executive.

Base Salary, Etc. Upon the termination of the Executive’s employment pursuant to Section 4 hereof, the Company shall pay the Executive (i) the Base Salary payable to him her under Section 3 through the last day of his her actual employment by the Company, (ii) unless the Executive is terminated for Cause, at the time the Company pays its executives bonuses in accordance with its normal processes, a pro rata portion of any MIP Bonus earned but not previously paid for the year in which termination occurs, based upon the targets established under that year’s MIP Bonus Plan (such pro rata portion to be based on the portion of the year in which the Executive was employed by the Company), and (iii) the value of any accrued but unused vacation entitlement. In addition, the Executive shall be entitled to retain any computer, printer, mobile telephone, email device or similar portable equipment located in his her office or home at the time of his her termination, however, the Company shall have the right to erase any Company related information or data on the computer or other electronic device prior to receipt by the Executive.