Common use of Compensation if Terminated Outside of Protected Period Clause in Contracts

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) 100% of Executive’s Target Annual Bonus; payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) continued coverage under the Company’s group health plans during the twelve (12) months following Executive’s Date of Termination on the same basis as active employees of the Company.

Compensation if Terminated Outside of Protected Period. If, at any time other than during the Protected Period, the Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or if Executive resigns for Good Reason within 6 months of the condition giving rise to the good reason, Executive shall be entitled to receive: (A) the Accrued Rights; (B) subject to Executive’s (x) continued compliance with the provisions of Sections 10 and 11 and (y) execution and delivery of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company, payment in one lump sum of: (1) 100150% of the greater of the current Base Salary or Executive’s highest Base Salary paid within the Employment Term; plus (2) 100150% of Executive’s Target Annual Bonus; payable to Executive in one lump sum immediately following the expiration of the revocation period provided for in such release, but in no event later than two and a half (2-1/2) months after the end of the year in which the Executive’s Termination of Employment occurred; and (C) continued coverage under the Company’s group health plans during the twelve eighteen (1218) months following Executive’s Date of Termination on the same basis as active employees of the Company.