During Initial Term Clause Samples

During Initial Term. If Employee is terminated by the Company without Cause during the Initial Term, (i) then-current Annual Salary continuation for a period of time equal to the greater of the six (6) month period following the Termination Date or the number of months remaining in the Initial Term (the greater of such periods, the “Tail Period”), which shall be paid, in equal monthly installments in accordance with the Company’s general payroll practices, with the first installment to be paid on the first payroll date following the effective date of the Release (the “Severance Payment Commencement Date”), with any such payments that would have otherwise been made to Employee following their Termination Date but prior to the Release Effective Date to be paid on the Severance Payment Commencement Date; (ii) continued eligibility for the Annual Bonus and a pro-rated portion of the Annual Bonus for a period of time equal to the Tail Period, provided that, any portion of the Annual Bonus that relates to a period of time in the year following the year of the Termination Date shall be paid on the Bonus Payment Date in the year following the Termination Date; and (iii) continued time-vesting of any unvested Equity Awards for a period of time equal to the Tail Period.

During Initial Term. The Tenant covenants and agrees to pay to Landlord as base rent (the "Rent") for the Leased Premises per the Rent schedule listed below: YEARS ANNUAL MONTHLY ----- ------ ------- 1 $1,981,137.22 $165,094.77 2 $2,000,948.59 $166,745.72 3 $2,020,958.08 $168,413.17 4 $2,041,167.66 $170,097.31 5 $2,061,579.34 $171,798.28 6 $2,092,503.03 $174,375.25 7 $2,123,890.57 $176,990.88 8 $2,155,748.93 $179,645.74 9 $2,188,085.16 $182,340.43 10 $2,220,906.44 $185,075.54 11 $2,254,220.04 $187,851.67 12 $2,288,033.34 $190,669.45 13 $2,322,353.84 $193,529.49 14 $2,357,189.15 $196,432.43 15 $2,392,546.98 $199,378.92 The Rent is payable in advance, along with any sales, use or excise tax on the Rent, and without notice, on the first day of each month for the entire term of this Lease, said Rent to begin on the Commencement Date. In the event any Rent is unpaid after the tenth day of any calendar month, at Landlord's option, a service charge of two percent (2%) for each month that such Rent remains unpaid shall be paid.

During Initial Term. Should Owner cancel management agreement services within the first 6 (six) months of lease execution or takeover of an existing lease agreement, Owner agrees to a $275 cancellation fee and will pay entire pro-rated balance of initial term management fees.