Common use of Compensation in Event of Termination Clause in Contracts

Compensation in Event of Termination. Upon termination of this Agreement and Executive’s employment, the Company will have no further obligation to Executive except to pay the amounts set forth in this Section 9. (a) In the event Executive’s employment is terminated pursuant to Section 8(a)(i), (ii), (iii) or (iv) on or before the expiration of the Term, Executive will be entitled to payment of any earned but unpaid Salary through the date of termination. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein. (b) In the event Executive’s employment is terminated pursuant to Section 8(a)(v) on, before or after the expiration of the Term, and provided that Executive executes a valid release of any and all claims that Executive may have relating to his employment against the Company and its agents, including, but not limited to, its officers, directors and employees, in a form provided by the Company and that contains a 12-month non-solicitation clause, Executive will be entitled to receive 12 months of Salary, all of which, at the sole discretion of the Company, shall be paid in a lump sum or in accordance with normal continuing payroll practices, and in all cases subject to all applicable withholdings and taxes. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein.

Compensation in Event of Termination. Upon termination of this Agreement and Executive’s employment, the Company will have no further obligation to Executive except to pay the amounts set forth in this Section 9. (a) In the event Executive’s employment is terminated pursuant to Section 8(a)(i), (ii), (iii) or (iv) on or before the expiration of the Term, Executive will be entitled to payment of any earned but unpaid Salary through the date of termination. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein. (b) In the event Executive’s employment is terminated pursuant to Section 8(a)(v) on, before or after the expiration of the Term, and provided that Executive executes a valid release of any and all claims that Executive may have relating to his employment against the Company and its agents, including, but not limited to, its officers, directors and employees, in a form provided by the Company and that contains a 12-month non-solicitation clause, Executive will be entitled to receive 12 three months of Salary, all of which, at the sole discretion of the Company, shall be paid in a lump sum or in accordance with normal continuing payroll practices, and in all cases subject to all applicable withholdings and taxes. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein.

Compensation in Event of Termination. Upon termination of this Agreement and Executive’s employment, the Company will have no further obligation to Executive except to pay the amounts set forth in this Section 97. (a) In the event Executive’s employment is terminated pursuant to Section 8(a)(i6(a)(i), (ii), (iii) or (iv) on or before the expiration of the Term), Executive will be entitled to payment of any earned but unpaid Salary through the date of termination. Any earned but unpaid bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination hereunder shall be paid to Executive as set forth thereinherein. (b) In the event Executive’s employment is terminated pursuant to Section 8(a)(v) on, before or after the expiration of the Term6(a)(v), and provided that Executive (i) if a member of the Board, formally resigns in writing from the Board and as an officer and director of any subsidiary of the Company, and (ii) executes a valid release of any and all claims that Executive may have relating to his employment against the Company and its agents, including, but not limited to, its officers, directors and employees, in a form provided by the Company and that contains a 12-month non-solicitation clauseclause and a non-competition clause with a restrictive period equal to the Severance Period (as defined below), Executive will be entitled to receive a lump sum payment equal to Executive’s Salary for a period (“Severance Period”) of (i) three months if the termination occurs within the first 12 months of Salary, all of which, at the sole discretion Term and (ii) six months if the termination occurs after the first anniversary of the CompanyEffective Date but prior to the expiration of the Term, shall be paid in a lump sum or in accordance with normal continuing payroll practices, and in all cases subject to all applicable withholdings and taxes. Any earned but unpaid bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination hereunder shall be paid to Executive as set forth thereinherein.

Compensation in Event of Termination. Upon termination of this Agreement and Executive’s employment, the Company will have no further obligation to Executive except to pay the amounts set forth in this Section 98. (a) In the event Executive’s employment is terminated pursuant to Section 8(a)(i7(a)(i), (ii), (iii) or (iv) on or before the expiration of the Term, Executive will be entitled to payment of any earned but unpaid Salary through the date of termination. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein. (b) In the event Executive’s employment is terminated pursuant to Section 8(a)(v7(a)(v) on, on or before or after the expiration of the Term, and provided that Executive (i) resigns from the Board and (ii) executes a valid release of any and all claims that Executive may have relating to his employment against the Company and its agents, including, but not limited to, its officers, directors and employees, in a form provided by the Company and that contains a 12-month non-solicitation clauseCompany, Executive will be entitled to receive 12 continue receiving Salary for a period of three months from the date of Salarytermination, all of which, at the sole discretion of the Company, shall be paid in a lump sum or in accordance with normal continuing payroll practices, and in all cases subject to all applicable withholdings and taxes. Any bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination shall be paid to Executive as set forth therein.

Compensation in Event of Termination. Upon termination of this Agreement and Executive’s employment, the Company will have no further obligation to Executive except to pay the amounts set forth in this Section 97. (a) In the event Executive’s employment is terminated pursuant to Section 8(a)(i6(a)(i), (ii), (iii) or (iv) on or before the expiration of the Term), Executive will be entitled to payment of any earned but unpaid Salary through the date of termination. Any earned but unpaid bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination hereunder shall be paid to Executive as set forth thereinherein. (b) In the event Executive’s employment is terminated pursuant to Section 8(a)(v) on, before or after the expiration of the Term6(a)(v), and provided that Executive (i) if a member of the Board, formally resigns in writing from the Board and as an officer and director of any subsidiary of the Company, and (ii) executes a valid release of any and all claims that Executive may have relating to his employment against the Company and its agents, including, but not limited to, its officers, directors and employees, in a form provided by the Company and that contains a 12-month non-solicitation clauseclause and a non-competition clause with a restrictive period equal to the Severance Period (as defined below), Executive will be entitled to receive 12 months a lump sum payment equal to Executive’s Salary for a period (“Severance Period”) of Salary, all of which, at one month for each full 12-month period following the sole discretion of date on which Executive first began providing services to the Company, shall be paid in a lump sum or in accordance with normal continuing payroll practices, and in all cases subject to all applicable withholdings and taxes. Any earned but unpaid bonuses, fees or payments due to Executive under Section 4(b) above as of the date of termination hereunder shall be paid to Executive as set forth thereinherein.