Common use of Involuntary Termination or Resignation for Good Reason Clause in Contracts

Involuntary Termination or Resignation for Good Reason. If (i) the Company terminates Employee’s employment with the Company for reasons other than Cause, death or Disability, or (ii) Employee resigns for Good Reason, then, subject to Employee’s compliance with Section 9(d), Employee shall be entitled to receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his Base Salary rate, for a period of the lesser of six (6) months from the date of such termination or until April 30, 2013 (herein after the “Severance Term”), to be paid periodically in accordance with the Company’s normal payroll policies. If Employee accepts other employment or engages in his own business prior to the last date of the Severance Term, Employee shall forthwith notify the Company, but such other activity shall not diminish the Company’s obligation under this Section 9(a); provided that if Employee continues to be employed in any capacity by a successor entity following a Change of Control, the severance pay that would otherwise be payable under this Section 9(a) shall be reduced by the amount of base compensation and guaranteed bonus (if any) Employee receives in such capacity during or attributable to the Severance Term.

Involuntary Termination or Resignation for Good Reason. If (i) the Company terminates Employee’s employment with the Company for reasons other than Cause, death or Disability, or (ii) the Employee resigns for Good Reason, then, subject to Employee’s compliance with Section 9(d9(e), Employee shall be entitled to receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his Severance Base Salary raterate (as defined below), for a period of the lesser of six twelve (612) months from the date of such termination or until April such lesser period that expires on September 30, 2013 2009, if applicable (herein after the “Severance Term”), to be paid periodically in accordance with the Company’s normal payroll policies. If the Employee accepts other employment or engages in his own business prior to the last date of the Severance Term, the Employee shall forthwith notify the Company, but such other activity shall not diminish the Company’s obligation under this Section 9(a); provided that if Employee continues to be employed in any capacity by a successor entity following a Change of Control, the severance pay that would otherwise be payable under this Section 9(a) shall be reduced by the amount of base compensation and guaranteed bonus (if any) the Employee receives in such capacity during or attributable to the Severance Term.

Involuntary Termination or Resignation for Good Reason. If (i) the Company terminates Employee’s employment with the Company for reasons other than Cause, death or Disability, or (ii) Employee resigns for Good Reason, then, subject to Employee’s compliance with Section 9(d), Employee shall be entitled to receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his Base Salary rate, for a period of the lesser of six (6) months from the date of such termination or until April 30, 2013 (herein after the “Severance Term”), to be paid periodically in accordance with the Company’s normal payroll policies; provided, however that if Employee is terminated on or prior to September 30, 2009 he shall receive the Initial Base Salary for that portion of the Severance Term ending on September 30, 2009 and thereafter he shall receive the New Base Salary for the balance of the Severance Term. If Employee accepts other employment or engages in his own business prior to the last date of the Severance Term, Employee shall forthwith notify the Company, but such other activity shall not diminish the Company’s obligation under this Section 9(a); provided that if Employee continues to be employed in any capacity by a successor entity following a Change of Control, the severance pay that would otherwise be payable under this Section 9(a) shall be reduced by the amount of base compensation and guaranteed bonus (if any) Employee receives in such capacity during or attributable to the Severance Term.

Involuntary Termination or Resignation for Good Reason. If (i) the Company terminates Employee’s employment with the Company for reasons other than Cause, death or Disability, or (ii) Employee resigns for Good Reason, then, subject to Employee’s compliance with Section 9(d), Employee shall be entitled to receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his her Base Salary rate, for a period of the lesser of six (6) months from the date of such termination or until April 30, 2013 (herein after the “Severance Term”), to be paid periodically in accordance with the Company’s normal payroll policies. If Employee accepts other employment or engages in his her own business prior to the last date of the Severance Term, Employee shall forthwith notify the Company, but such other activity shall not diminish the Company’s obligation under this Section 9(a); provided that if Employee continues to be employed in any capacity by a successor entity following a Change of Control, the severance pay that would otherwise be payable under this Section 9(a) shall be reduced by the amount of base compensation and guaranteed bonus (if any) Employee receives in such capacity during or attributable to the Severance Term.

Involuntary Termination or Resignation for Good Reason. If (i) the Company terminates Employee’s employment with the Company for reasons other than Cause, death or Disability, or (ii) the Employee resigns for Good Reason, then, subject to Employee’s compliance with Section 9(d9(e), Employee shall be entitled to receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his Severance Base Salary rate, as then in effect, for a period of the lesser of six twelve (612) months from the date of such termination or until April 30, 2013 (herein after the “Severance Term”), to be paid periodically in accordance with the Company’s normal payroll policies. If the Employee accepts other employment or engages in his own business prior to the last date of the Severance Term, the Employee shall forthwith notify the Company, but such other activity shall not diminish the Company’s obligation under this Section 9(a); provided that if Employee continues to be employed in any capacity by a successor entity following a Change Chance of Control, the severance pay that would otherwise be payable under this Section 9(a) shall be reduced by the amount of base compensation and guaranteed bonus (if any) the Employee receives in such capacity during or attributable to the Severance Term.