Common use of Conditions Applicable to the Severance Period Clause in Contracts

Conditions Applicable to the Severance Period. In the event the Executive's employment is terminated without cause or the Executive resigns with good reason, Sections 7.1 and 7.2 shall apply during the period ending on the first anniversary of the Termination Date; provided that no additional compensation or benefits, other than as payable pursuant to Section 4.1.1, shall be due to the Executive. If, during the Severance Period, the Executive materially breaches his obligations under Section 6 or Section 7 of this Agreement, the Company may terminate the Severance Period, after written notice to the Executive and, if curable, failure of the Executive after such written notice to cure such alleged breach in a timely manner, and cease to make any further payments or provide any employee benefits described in Section 4.1.1.