Common use of Early Termination by Employer Clause in Contracts

Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a Release, Employee shall be paid the greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued, unused PTO or (ii) his monthly base salary for a period of six (6) months, increased by two weeks for each “Year of Service” (as defined below) performed by Employee prior to his termination date, as severance pay following the date of termination payable, in each case, in accordance with Employer’s normal payroll practices and commencing on the first payroll date of Employer following the Release Date, plus an amount equal to his accrued, unused PTO paid in a single sum payment on the first payroll date of Employer following the Release Date. In addition, if at the end of the year in which employment is terminated, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share for the full months of actual employment in that year payable at the time the bonuses for that year are paid to eligible employees. The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 17. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement.

Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a Releasegeneral release in the Form and at the time requested by Employer, Employee shall be paid the Employment Agreement – Xxxxxxx X. Xxxxx greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued, unused PTO or (ii) his monthly base salary for a period of six (6) months, increased by two weeks for each “Year of Service” (as defined below) performed by Employee prior to his termination date, as severance pay following the date of termination payable, in each case, in accordance with Employer’s normal payroll practices and commencing on the first payroll date of Employer following the Release Datetermination, plus an amount equal to his accrued, unused PTO paid in a single sum payment on the first payroll date of Employer following the Release DatePTO. In addition, if at the end of the year in which employment is terminated, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share for the full months of actual employment in that year payable at the time the bonuses for that year are paid to eligible employeesyear. The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 1716. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement.

Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a Releasegeneral release in the Form and at the time requested by Employer, Employee shall be paid the greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued, unused PTO or (ii) his monthly base salary for a period of six (6) months, increased by two Employment Agreement – Xxxxxx X. Xxxxx weeks for each “Year of Service” (as defined below) performed by Employee prior to his termination date, as severance pay following the date of termination payable, in each case, in accordance with Employer’s normal payroll practices and commencing on the first payroll date of Employer following the Release Datetermination, plus an amount equal to his accrued, unused PTO paid in a single sum payment on the first payroll date of Employer following the Release DatePTO. In addition, if at the end of the year in which employment is terminated, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share for the full months of actual employment in that year payable at the time the bonuses for that year are paid to eligible employeesyear. The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 1716. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement.

Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a Release, Employee shall be paid an amount equal to the greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued, unused PTO or (ii) his monthly base salary for a period of six twelve (612) months, increased by two weeks for each “Year of Service” (as defined in Section 9(h) below) performed by Employee prior to his termination date, as severance pay following the date of termination payable, in each case, in substantially equal payments for a period of twelve (12) months in accordance with Employer’s normal customary payroll practices and commencing commencing, unless otherwise required by Section 10(b), on the first payroll date of Employer following the Release Date, plus an amount equal to his accrued, unused PTO paid in a single sum payment on the first payroll date of Employer following the Release Date. In addition, if at the end of the year in which employment is terminated, the employee Employee would have received a bonus as described in Exhibit BA or the then current bonus program adopted by the Compensation Committee, employee Employee will be paid a prorata pro rata share of such bonus for the full months of actual employment in that year payable at the time the bonuses for that year are paid to eligible employeesas provided in Section 3(b). The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 1720. No benefits, bonuses, PTO, or other forms of compensation, except for the severance paymentspayments and pro rata bonus payment, if any, will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement. Payments under this Section 9(g) shall cease if during the term of the payments Employee violates the provisions of Sections 7 or 13.

Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a Releasegeneral release in the Form and at the time requested by Employer, Employee shall be paid the Employment Agreement – Xxxxxx X. Xxxxxxx greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued, unused PTO or (ii) his monthly base salary for a period of six (6) months, increased by two weeks for each “Year of Service” (as defined below) performed by Employee prior to his termination date, as severance pay following the date of termination payable, in each case, in accordance with Employer’s normal payroll practices and commencing on the first payroll date of Employer following the Release Datetermination, plus an amount equal to his accrued, unused PTO paid in a single sum payment on the first payroll date of Employer following the Release DatePTO. In addition, if at the end of the year in which employment is terminated, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share for the full months of actual employment in that year payable at the time the bonuses for that year are paid to eligible employeesyear. The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 1716. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement.