Common use of Good Reason; Without Cause Clause in Contracts

Good Reason; Without Cause. In the event of a termination of this Agreement by Executive for Good Reason or by Company without Cause (and excluding terminations due to death or Disability): a. Company shall pay to Executive all accrued salary, vacation time, and benefits under any applicable benefit plans of Company through the Date of Termination; b. upon the execution by Executive of a release substantially in the form of Exhibit B attached hereto, Company shall pay to Executive severance pay in an amount equal to his then base salary payable in the manner as though the termination had not occurred such severance pay to continue until the fifth anniversary of the Effective Date of this Agreement or one year from the Date of Termination, whichever is longer (see Section 8 below regarding termination of severance pay); c. Company shall promptly deliver to Executive any accrued Vested Shares as described in Sections 4.5 and 4.6;

Good Reason; Without Cause. In the event of a termination of this Agreement by Executive for Good Reason or by Company without Cause (and excluding terminations due to death or Disability): a. Company shall pay to Executive all accrued salary, vacation time, and benefits under any applicable benefit plans of Company through the Date of Termination; b. upon the execution by Executive of a release substantially in the form of Exhibit B attached hereto, Company shall pay to Executive severance pay in an amount equal to his then base salary payable in the manner as though the termination had not occurred such severance pay to continue until the fifth anniversary of the Effective Date of this Agreement or one year from the Date of Termination, whichever is longer (see Section 8 below regarding termination of severance pay); c. Company shall promptly deliver to Executive any accrued Vested Shares as described in Sections 4.5 and 4.6;