Common use of COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON Clause in Contracts

COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Executive's employment by the Employer is terminated by the Employer other than for Cause in accordance with Section 8(d) hereof or by the Executive for Good Reason in accordance with Section 8(e) hereof (i) the Employer shall pay to the Executive a lump sum in cash within 30 days of the date of termination in an amount equal to (x) the sum of (1) the Base Salary in effect immediately prior to termination and (2) the greater of the Annual Bonus paid or payable, including any bonus or portion thereof which has been earned but deferred, for the most recently completed fiscal year during the Employment Term or, if the Executive's termination of employment occurs during the first year of the Employment Term, $175,000, multiplied by one and one-half, plus (y) the Accrued Obligations; (ii) the Employer shall timely pay or provide the Other Benefits; and (iii) the Employer shall continue to comply with its obligations under Section 7(b) without regard to such termination.

COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Executive's employment by the Employer is terminated by the Employer other than for Cause in accordance with Section 8(d) hereof or by the Executive for Good Reason in accordance with Section 8(e) hereof (i) the Employer shall pay to the Executive a lump sum in cash within 30 days of the date of termination in an amount equal to (x) the sum of (1) the Base Salary in effect immediately prior to termination and (2) the greater of the Annual Bonus paid or payable, including any bonus or portion thereof which has been earned but deferred, for the most recently completed fiscal year during the Employment Term or, if the Executive's termination of employment occurs during the first year of the Employment Term, $175,000, multiplied by one and one-half, plus (y) the Accrued Obligations; (ii) the Employer shall timely pay or provide the Other Benefits; and (iii) the Employer shall continue to comply with its obligations under Section 7(b) without regard to such termination.

COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Executive's employment by the Employer is terminated by the Employer other than for Cause in accordance with Section 8(d) hereof or by the Executive for Good Reason in accordance with Section 8(e) hereof (i) the Employer shall pay to the Executive a lump sum in cash within 30 days of the date of termination in an amount equal to (x) the sum of (1) the Base Salary in effect immediately prior to termination and (2) the greater of the Annual Bonus paid or payable, including any bonus or portion thereof which has been earned but deferred, deferred for the most recently completed fiscal year during the Employment Term or, if the Executive's termination of employment occurs during the first year of the Employment Term, $175,000135,000, multiplied by one and one-half, plus (y) the Accrued Obligations; (ii) the Employer shall timely pay or provide the Other Benefits; and (iii) the Employer shall continue to comply with its obligations under Section 7(b) without regard to such termination.

COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Executive's employment by the Employer is terminated by the Employer other than for Cause in accordance with Section 8(d) hereof or by the Executive for Good Reason in accordance with Section 8(e) hereof (i) the Employer shall pay to the Executive a lump sum in cash within 30 days of the date of termination in an amount equal to (x) the sum of (1) the Base Salary in effect immediately prior to termination and (2) the greater of the Annual Bonus paid or payable, including any bonus or portion thereof which has been earned but deferred, for the most recently completed fiscal year during the Employment Term or, if the Executive's termination of employment occurs during the first year of the Employment Term, $175,00080,000, multiplied by one and one-half, plus (y) the Accrued Obligations; (ii) the Employer shall timely pay or provide the Other Benefits; and (iii) the Employer shall continue to comply with its obligations under Section 7(b) without regard to such termination.