Common use of Compensation and Benefits After Termination Clause in Contracts

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum payment equal to one (1) times EMPLOYEE’S Annual Salary then in effect (two (2) times if the termination occurs within twenty-four (24) months of a Change in Control). A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of Section 13. (ii) In addition to the cash payment provided under subparagraph (b)(i) of this Section 9, the EMPLOYEE and his eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s ’S employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum cash payment equal to one two (12) times times: (A) the EMPLOYEE’S Annual Salary then in effect effect, plus (two B) the average of the three (23) times if highest annual cash or stock bonuses paid to the termination occurs within twentyEMPLOYEE under a short-four (24) months of a Change in Control)term incentive program maintained by TBOP or the Company during the Term. A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of in Section 13. (ii) In addition to the cash payment provided under subparagraph Subparagraph (b)(i) of this Section 9, the EMPLOYEE and his eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- of-pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- out-of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum payment equal to one two (12) times times: (A) the EMPLOYEE’S Annual Salary then in effect effect, plus (two B) the average of the three (23) times if highest annual cash bonuses paid to the EMPLOYEE during the Term. In the event of a Change in Control, followed by EMPLOYEE’S termination occurs of employment within twenty-twenty four (24) months of a Change in Control), the multiplier for the severance benefit in this Subparagraph (b)(i) shall be three (3) times instead of two (2) times. A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of in Section 13. (ii) In addition to the cash payment provided under subparagraph Subparagraph (b)(i) of this Section 9, the EMPLOYEE and his eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- of-pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- out-of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s ’S employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum payment equal to one two (12) times times: (A) the EMPLOYEE’S Annual Salary then in effect effect, plus (two B) the average of the three (23) times if highest annual cash bonuses paid to the EMPLOYEE during the Term. In the event of a Change in Control, followed by EMPLOYEE’S termination occurs of employment within twenty-twenty four (24) months of a Change in Control), the multiplier for the severance benefit in this Subparagraph (b)(i) shall be three (3) times instead of two (2) times. A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of in Section 13. (ii) In addition to the cash payment provided under subparagraph Subparagraph (b)(i) of this Section 9, the EMPLOYEE and his eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- of-pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- out-of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s ’S employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum payment equal to one (1) times EMPLOYEE’S Annual Salary then in effect (two (2) times if the termination occurs within twenty-four (24) months of a Change in Control). A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of Section 13. (ii) In addition to the cash payment provided under subparagraph (b)(i) of this Section 9, the EMPLOYEE and his eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.

Compensation and Benefits After Termination. In the event of the termination of EMPLOYEE’s employment under Subparagraph (a), the EMPLOYEE shall be entitled to receive the following payments and benefits. (i) The EMPLOYEE shall receive a lump sum payment equal to one (1) times EMPLOYEE’S ’s Annual Salary then in effect (two (2) times if the termination occurs within twenty-four (24) months of a Change in Control). A portion of the severance payment received in connection with a Change in Control which is classified as a payment of reasonable compensation for purposes of Section 280G of the Code shall be allocated to the restrictive covenants noted of Section 13. (ii) In addition to the cash payment provided under subparagraph (b)(i) of this Section 9, the EMPLOYEE and his her eligible dependents shall be entitled to continue to participate at the same aggregate benefit levels for eighteen (18) months and at no out-of- of-pocket or tax cost to the EMPLOYEE, in the medical benefit plan in which the EMPLOYEE was a participant immediately prior to the Date of Termination, to the extent permitted under the terms of such plans and applicable law. To the extent TBOP is unable to provide for continued participation in the medical benefit plan, it shall provide an equivalent benefit directly at no out- out-of-pocket or tax cost to the EMPLOYEE. For purposes of the preceding two sentences, TBOP shall be deemed to have provided a benefit at no tax cost to the EMPLOYEE if it pays an additional amount to the EMPLOYEE or on his her behalf, with respect to those benefits which would otherwise be nontaxable to the EMPLOYEE.