Extended Restricted Period Sample Clauses

Extended Restricted Period. (i) In the event of a termination of employment pursuant to Sections 7(d), (e) and (g), the Company may elect to extend, at its sole discretion, Employee's obligations pursuant to Section 8 herein through the end of the Extended Restricted Period, by providing notice to Employee within thirty (30) days of such termination. In the event that the Company makes such election and subject to Employee's continued compliance with the applicable post-termination obligations as set forth herein, (A) during the Extended Restricted Period, Employee shall receive, on a monthly basis, payments in an amount equal to the monthly payments that he received during the Severance Term pursuant to the applicable subsection of Section 7 hereof, without regard to any payments due at the end of the Restricted Period, as applicable; and (B) at the expiration of the Extended Restricted Period, an additional lump sum payment in an amount equal to fifty percent (50%) of the amount that Employee received at the end of the Restricted Period pursuant to the applicable subsection of Section 7 herein. (ii) In the event of a termination of employment pursuant to Section 7(b) (in the case of Employee's Disability), (f) and (h), the Company may elect to extend, at its sole discretion, Employee's obligations pursuant to Section 8 herein through the end of the Extended Restricted Period, by providing notice to Employee within thirty (30) days of such termination. In the event that the Company makes such election and subject to Employee's continued compliance with the applicable post-termination obligations as set forth herein, in lieu of the payments set forth in Sections 7(b)(iii) and (iv), 7(f)(ii) and (iii) and 7(h)(ii) and (iii), as applicable, Employee shall be entitled to (A) an amount equal to 131.25% of the sum of Employee's then current Base Salary and Annual Bonus (determined using the greater of (i) the target Annual Bonus for the fiscal year in which such termination occurs, or (ii) the actual Annual Bonus for the fiscal year in which such termination occurs), such amount to be paid in substantially equal installments over the Severance Term, in accordance with the company's then-regular payroll practices, (B) during the Extended Restricted Period, Employee shall receive, on a monthly basis, payments in an amount equal to the monthly payments that he received during the Severance Term pursuant to clause (A) above, (C) upon the expiration of the Restricted Period, and subject to Emp...