For Other Than Good Cause. In the event Executive’s employment is terminated for other than good cause as set forth in Section 10(d) above, Company shall pay Executive: (1) all unpaid Base Salary, earned through the date of termination, less required deductions and withholdings; (2) Bonus pursuant to Section 5(b) above for any year that has been completed through the date of termination, that has not yet been paid to Executive, less required deductions and withholdings; and (3) any unreimbursed expenses incurred in accordance with Company policy. In addition, upon Executive signing and returning an effective waiver and release of claims on a release form provided by the Company to Executive at or after his/her termination (hereinafter “Release and Waiver”) within the time frame set forth therein, but in no event later than forty-five (45) days following Executive’s termination date, Executive shall be entitled to: (1) separation payments in an aggregate amount of six (6) months of Executive’s then-current Base Salary, paid to Executive on the Company’s regular paydays, subject to standard payroll deductions and withholdings, with the first such payment being made, subject to Section 13(b) below, on the first payday following the date the Release and Waiver becomes effective (it being understood that such first payment shall include any amounts otherwise payable hereunder on paydays that occur prior to the date the Release and Waiver becomes effective); and (2) provided that Executive timely elects such coverage, the continuation of Executive’s group health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”) at the Company’s expense for a period of six (6) months following the termination date; provided, however, that in the event Executive becomes eligible for comparable group insurance coverage in connection with new employment, such COBRA premium payments by the Company shall terminate immediately. In the event Executive pursues a claim for breach of contract, Executive agrees that the maximum damage that Executive may recover for breach of contract is six (6) months’ salary at his/her then current wage level and six (6) months’ COBRA premiums. The payments described in this Section 12(b) are collectively referred to as “Severance Benefits.” In the event Executive is eligible for Severance Benefits under this Section 12(b), Executive is not eligible for any Severance Benefits under Section 12(c) or 12(f) herein.
For Other Than Good Cause. In the event Employee’s employment is terminated for other than good cause, he shall receive severance compensation of three (3) months’ salary at his then-current wage level. Employee is entitled to no other severance compensation when termination occurs under Section 12(d) above, except when such resignation occurs in connection with a Change of Control as defined below.
For Other Than Good Cause. In the event the Consultant is terminated for other than good cause pursuant to Section 7(d), the Consultant shall receive severance of the accrued Base Compensation up to the date of termination plus an additional six (6) months of the Base Compensation.
For Other Than Good Cause. In the event Employee receives notice from Employer that his employment is terminated for other than “good cause,” he shall receive his then current salary level for the remaining term of the Agreement provided that Employee signs a release of all claims against PTSC on a release form provided by PTSC to him at that time.
