BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by the Company for any reason other than cause, death, or disability (in any such case a "Discharge"), then (a) the Company shall pay to Executive, on the date of Discharge, a lump sum cash amount equal to the greater of (i) 12 months of Executive's Base Salary at the time of the Discharge and (ii) Executive's Base Salary, without regard to Cost of Living Adjustments, payable for the remainder of the Term; (b) the Company shall pay to Executive the amounts, and on the schedule, of bonus compensation under Section 3.2 that would be payable to Executive during the remainder of the Term in the absence of the Discharge; and (c) Executive shall immediately become fully vested in, and be entitled to exercise for a period of 90 days after the date of Discharge, all outstanding stock options not previously vested or exercised. Such payment shall be in addition to other payments, if any, to which Executive is entitled pursuant to Section 4 hereof, and the rights of Executive (and the obligations of the Company) under Section 8 shall continue without regard to such Discharge. No Discharge shall be permitted pursuant to this Section 7.4 unless approved by a majority of the members of the Board.
BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by the Company for any reason other than cause, death, or disability (in any such case a "Discharge"), then (a) the Company shall pay to Executive, on the date of Discharge, the amount of any accrued but unpaid Incentive Compensation and any other amount that otherwise would become payable pursuant to Section 3.1 (as a result of transactions in process as of the Disability Date) if there had been no Discharge and any amounts reimbursable under Section 3.2 for expenses incurred prior to Discharge; (b) a lump sum amount (less any applicable withholding taxes) without the requirement for documentation, accounting, or other justification, equal to the expense allowance under Section 3.2 that would otherwise be payable through December 31, 2001, absent the Discharge; and (c) Executive shall immediately become fully vested in, and be entitled to exercise for a period of 90 days after the date of Discharge, all outstanding stock options not previously vested or exercised. Such payment shall be in addition to other payments, if any, to which Executive is entitled pursuant to Section 4 hereof, and the rights of Executive (and the obligations of the Company) under Section 8 and set forth on Exhibit B shall continue without regard to such Discharge. No Discharge shall be permitted pursuant to this Section 7.4 unless approved by a majority of the members of the Board.
BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by IDG for any reason other than cause, death, or disability (in any such case a "Discharge"), then IDG shall pay to Executive, on the date of Discharge, a lump sum cash amount equal to the present value of the sum of (a) the greater of (i) twelve (12) months Base Salary, and (ii) the amount of Base Salary that otherwise would have been payable to Executive for the remainder of the Term plus (b) the bonus payment provided for in Section 3.2 hereof for the fiscal year in which the termination occurs. For purposes of the present value calculation required by the preceding sentence, the parties shall use as a rate IDG's then current cost of borrowing. Such payment shall be in addition to other payments, if any, to which Executive is entitled pursuant to Section 3 or Section 4 hereof. In addition, all stock options theretofore granted to Executive shall remain in force and effect and shall be exercisable until their expiration date, provided that any such options otherwise subject to vesting based solely on the lapse of time shall be immediately vested in full. The provisions of Sections 5, 6, and 8 shall continue without regard to such Discharge or termination of this Agreement.
BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by IDG for any reason other than cause, death, or disability (in any such case a "Discharge"), then IDG shall pay to Executive, on the date of Discharge, a lump sum cash amount equal to the present value of the sum of (a) the greater of (i) twelve (12) months Base Salary, and (ii) the amount of Base Salary that otherwise would have been payable to Executive for the remainder of the Term plus (b) the bonus payment provided for in Section 3.2 hereof for the fiscal year in which the termination occurs. For purposes of the present value calculation required by the preceding sentence, the parties shall use as a rate IDG's then current cost of borrowing. Such payment shall be in addition to other payments, if any, to which Executive is
BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by IDG for any reason other than cause, death, or disability (in any such case a "Discharge"), then IDG shall pay to Executive, on the date of Discharge, a lump sum cash amount equal to the present value of the sum of (a) the greater of (i) twelve (12) months Base Salary, and (ii) the amount of Base Salary that otherwise would have been payable to Executive
BY DISCHARGE. If Executive's employment under the terms of this ------------ Agreement is terminated by the Company for any reason other than cause, death, or disability (in any such case a "Discharge"), then (a) the Company shall pay to Executive, on the date of Discharge, the amount of
BY DISCHARGE. If Executive's employment under the terms of this Agreement is terminated by the Company for any reason other than cause, death, or disability (in any such case a "Discharge"), then (a) the Company shall pay to Executive, on the date of Discharge, a lump sum cash amount equal to the greater of (i) 12 months of Executive's Base Salary and Incentive Compensation at the time of the Discharge and (ii) Executive's Base Salary, without regard to Cost of Living Adjustments, payable for the remainder of the Term plus actual Incentive Compensation; and (b) Executive shall immediately become fully vested in, and be entitled to exercise for a period of 90 days after the date of Discharge, all outstanding stock options not previously vested or exercised, if any. Such payment shall be in addition to other payments, if any, to which Executive is entitled pursuant to Section 4 hereof, and the rights of Executive (and the obligations of the Company) under Section 8 shall continue without regard to such Discharge.
