Common use of Base Salary, Incentive Bonus, and Benefits Clause in Contracts

Base Salary, Incentive Bonus, and Benefits. The Company shall pay to Executive in cash an amount equal to the sum of (x) 150% of Executive’s then current annualized Base Salary and (y) a prorated portion (prorated for the portion of the Company’s fiscal year during which Executive performed services for the Company under this Agreement) of Executive’s then current Target Bonus (based on the Base Salary in effect on the date of Executive’s termination of employment). Such amounts shall be in equal installments over an eighteen (18) month period following the Effective Release Date (as defined below) in accordance with the Company’s standard payroll policies and procedures and in a manner not inconsistent with Section 6.6 hereof. The Company shall also pay the full cost of the health care premiums otherwise payable by Executive upon his election of health care continuation coverage for himself and his qualified beneficiaries as provided under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for a period of no longer than 18 months following Executive’s termination of employment. The receipt of any severance benefits provided for under this Agreement or otherwise shall be dependent upon Executive’s delivery to the Company an effective general release of claims in a form substantially in the form attached hereto as Exhibit A, with such future changes as may be reasonably determined by the Company in order to reflect changes in applicable law, within thirty (30) days of the date of Executive’s termination of employment (or such longer period as may be required by applicable law), and shall be paid or commence no later than thirty (30) days thereafter. The date on which Executive’s release of claims becomes effective shall be referred to as the “Effective Release Date.” The receipt of any severance benefits hereunder shall also be dependent upon Executive’s compliance with the terms of the Company’s form of Employee Inventions Assignment and Restrictive Obligations Agreement, which agreement was signed by Executive in connection with the commencement of his employment, as such agreement may be amended from time to time.

Base Salary, Incentive Bonus, and Benefits. The Company shall pay to Executive in cash an a lump sum amount equal to the sum of the following: (x1) 150200% of Executive’s then current annualized Base Salary, (2) 200% of Executive’s then current Target Bonus (based on the Base Salary in effect on the date of Executive’s termination of employment), and (y3) a prorated portion (prorated for the portion of the Company’s fiscal year during which Executive performed services for the Company under this Agreement) of Executive’s then current Target Bonus (based on for the Base Salary fiscal year in effect on the date of which Executive’s termination of employment). Such amounts shall be in equal installments over an eighteen (18) month period following the Effective Release Date (as defined below) in accordance with the Company’s standard payroll policies and procedures and in a manner not inconsistent with Section 6.6 hereofemployment may occur. The Company shall also pay the full cost of the health care premiums otherwise payable by Executive upon his election of health care continuation coverage for himself and his qualified beneficiaries as provided under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for a period of no longer than 18 24 months following Executive’s termination of employment. Finally the Company shall pay the premiums for term life insurance in the same amount of death benefit protection that Executive enjoyed under Company-provided life insurance coverage on the date of his termination of employment for a period of 24 months following such date of termination of employment. Executive understands and agrees that the Company shall be under no obligation to provide Executive with either group health coverage or life insurance except to the extent required by law and that its obligations under this Agreement are limited solely to the payment of premium costs as described herein. The receipt of any severance benefits provided for under this Agreement or otherwise shall be dependent upon Executive’s delivery to the Company an effective general release of claims in a form substantially in the form attached hereto as Exhibit A, with such future changes as may be reasonably determined by satisfactory to the Company in order to reflect changes in applicable law, within thirty (30) days of the date of Executive’s termination of employment (or such longer period as may be required by applicable law), and shall be paid or commence no later than thirty (30) days thereafter. The date on which Executive’s release of claims becomes effective shall be referred to as the “Effective Release Date.” The receipt of any severance benefits hereunder shall also be dependent upon Executive’s compliance with the terms of the Company’s form of Employee Inventions Assignment and Restrictive Obligations Agreement, which agreement was signed by Executive in connection with the commencement of his employment, as such agreement may be amended from time to time.