Common use of Death; Disability; Termination By Employer without Cause or By Executive for Good Reason Clause in Contracts

Death; Disability; Termination By Employer without Cause or By Executive for Good Reason. If Executive’s employment is terminated by reason of his death or Disability or by Employer without Cause or by Executive for Good Reason, Employer shall pay to Executive (or his legal representatives or estate or as may be directed by the legal representatives of his estate, as the case may be) (i) six (6) equal monthly installments of an amount per installment equal to one-twelfth of Executive’s Base Salary (determined as of the Date of Termination) and (ii) a lump sum cash payment, within five days following such Date of Termination, of an amount equal to any earned but unpaid Base Salary or bonus due to Executive in respect of periods through the Date of Termination plus accrued vacation in accordance with Employer’s vacation policy — subject to all required deductions and withholdings (the “Accrued Amounts”). The amount set forth in Section 9(a)(i) shall be payable if and only if the Executive (or, in the event of Executive’s death or Disability, Executive’s executor or legal representative) shall have executed on or before the 30th day following the Date of Termination a full Release and Covenant not to xxx the Employer and its employees, officers, directors and stockholders.

Death; Disability; Termination By Employer without Cause or By Executive for Good Reason. If Executive’s employment is terminated by reason of his death or Disability or by Employer without Cause or by Executive for Good Reason, Employer shall pay to Executive (or his legal representatives or estate or as may be directed by the legal representatives of his estate, as the case may be) ), (i) six (6) equal monthly installments of an amount per installment equal to one-twelfth of Executive’s Base Salary (determined as of the Date of Termination) ), and (ii) a lump sum cash payment, within five days following such Date of Termination, of an amount equal to any earned but unpaid Base Salary or bonus due to Executive in respect of periods through the Date of Termination plus accrued vacation in accordance with Employer’s vacation policy — (as described in Section 9(a)(ii), the “Accrued Amounts”). All sums outlined in Sections 9(a)(i) and 9(a)(ii) shall be subject to all required deductions and withholdings (the “Accrued Amounts”)withholdings. The amount set forth in Section 9(a)(i) shall be payable if and only if the Executive (or, in the event of Executive’s death or Disability, Executive’s executor or legal representative) shall have executed and not revoked on or before no later than the 30th day following the Date of Termination a full Release and Covenant not to xxx the Employer and its employees, officers, directors and stockholders.

Death; Disability; Termination By Employer without Cause or By Executive for Good Reason. If Executive’s employment is terminated by reason of his death or Disability or by Employer without Cause or by Executive for Good Reason, Employer shall pay to Executive (or his legal representatives or estate or as may be directed by the legal representatives of his estate, as the case may be) (i) six (6) equal monthly installments of an amount per installment equal to one-twelfth of Executive’s Base Salary (determined as of the Date of Termination) and (ii) a lump sum cash payment, within five days following such Date of Termination, of an amount equal to any earned but unpaid Base Salary or bonus due to Executive in respect of periods through the Date of Termination plus accrued vacation in accordance with Employer’s vacation policy — subject to all required deductions and withholdings (the “Accrued Amounts”). The amount set forth in Section 9(a)(i) shall be payable if and only if the Executive (or, in the event of Executive’s death or Disability, Executive’s executor or legal representative) shall have executed on or before the 30th 301h day following the Date of Termination a full Release and Covenant not to xxx the Employer and its employees, officers, directors and stockholders.

Death; Disability; Termination By Employer without Cause or By Executive for Good Reason. If Executive’s employment is terminated by reason of his death or Disability or by Employer without Cause or by Executive for Good Reason, Employer shall pay to Executive (or his legal representatives or estate or as may be directed by the legal representatives of his estate, as the case may be) (i) six (6) equal monthly installments of an amount per installment equal to one-twelfth of Executive’s Base Salary (determined as of the Date of Termination) and (ii) a lump sum cash payment, within five days following such Date of Termination, of an amount equal to any earned but unpaid Base Salary or bonus due to Executive in respect of periods through the Date of Termination plus accrued vacation in accordance with Employer’s vacation policy — subject to all required deductions and withholdings (the “Accrued Amounts”). The amount set forth in Section 9(a)(i8(a)(i) shall be payable if and only if the Executive (or, in the event of Executive’s death or Disability, Executive’s executor or legal representative) shall have executed on or before the 30th day following the Date of Termination a full Release and Covenant not to xxx the Employer and its employees, officers, directors and stockholders.