Common use of Compensation and Benefits Upon Termination of Executive Employment Clause in Contracts

Compensation and Benefits Upon Termination of Executive Employment. In the event of any termination of Executive's employment other than for Cause under Section 6(d), on the effective date of any such termination, the Executive shall be entitled to receive the following: (1) All life, disability, health insurance and other benefits pursuant to Section 5, to which she was entitled to continue to receive thirty (30) days prior to the Effective Date of such termination, for a period of one (1) year and which benefits shall be made for such period (as determined herein) following the effective date of such termination; plus (2) All Options granted herein or any previous grants, vested or unvested, that the Executive is the holder of will be immediately vested hereunder. Executive will have the right to exercise all Options through the termination date of the individual option grant, or the maximum allowable by law, as if the Executive were still employed by the Company.

Compensation and Benefits Upon Termination of Executive Employment. In the event of any termination of Executive's employment other than for Cause under Section 6(d), on the effective date of any such termination, the Executive shall be entitled to receive the following: (1) All life, disability, health insurance and other benefits pursuant to Section 5, to which she was entitled to continue to receive thirty (30) days prior to the Effective Date of such termination, for a period of one six (16) year months and which benefits shall be made for such period (as determined herein) following the effective date of such termination; plus (2) All Options granted herein or any previous grants, vested or unvested, that the Executive is the holder of will be immediately vested hereunder. Executive will have the right to exercise all Options through the termination date of the individual option grant, or the maximum allowable by law, as if the Executive were still employed by the Company.