Compensation Upon Termination by the Company other than for Cause. If the Company terminates the Executive’s employment hereunder without “Cause,” the Company shall pay the Executive a severance payment equal to twelve (12) months of his Base Salary then in effect (paid as salary continuation for the twelve months following the notice of termination), plus the pro-rata portion of the target bonus determined pursuant to Section 5.2(c)(iii).
Appears in 3 contracts
Samples: Agreement (Ace Comm Corp), Agreement (Ace Comm Corp), Agreement (Ace Comm Corp)
Compensation Upon Termination by the Company other than for Cause. If the Company terminates the Executive’s employment hereunder without “Cause,” the Company shall pay the Executive a severance payment equal to twelve twenty-four (1224) months of his Base Salary then in effect (paid as salary continuation for the twelve twenty-four months following the notice of termination), plus the pro-rata portion of the target bonus determined pursuant to Section 5.2(c)(iii).
Appears in 1 contract
Samples: Agreement (Ace Comm Corp)