Common use of Involuntary Termination Outside the Change in Control Period Clause in Contracts

Involuntary Termination Outside the Change in Control Period. Upon an Involuntary Termination occurring outside the Change in Control Period, and conditional upon your executing a Release that becomes effective and irrevocable within 60 days following your termination date, then you will be eligible to receive, subject to any delay as may be required under Section 11 of this letter: (1) Payment of an amount equal to 9 months of your base salary as in effect on your termination date (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date), and (2) Reimbursement by the Company of the costs of your premium costs to continue health coverage pursuant to COBRA for 9 months for you and your eligible dependents (provided you are eligible for and timely elect COBRA continuation coverage), or in the event that reimbursing such costs would result in an excise tax to the Company, payment of an amount equal $22,500 (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date). For the avoidance of doubt, if you experience an Involuntary Termination prior to a Change in Control that qualifies you for severance payments under Section 6(A) and a Change in Control occurs following your Involuntary Termination that qualifies you for the benefits under this Section 6(B), then you will be entitled to the benefits under Section 6(A) reduced by any amounts you already received under this Section 6(B).

Involuntary Termination Outside the Change in Control Period. Upon an Involuntary Termination occurring outside the Change in Control Period, and conditional upon your executing a Release that becomes effective and irrevocable within 60 days following your termination date, then you will be eligible to receive, subject to any delay as may be required under Section 11 of this letter: (1) Payment of an amount equal to 9 12 months of your base salary as in effect on your termination date (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date), and (2) Reimbursement by the Company of the costs of your premium costs to continue health coverage pursuant to COBRA for 9 12 months for you and your eligible dependents (provided you are eligible for and timely elect COBRA continuation coverage), or in the event that reimbursing such costs would result in an excise tax to the Company, payment of an amount equal $22,500 30,000 (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date). For the avoidance of doubt, if you experience an Involuntary Termination prior to a Change in Control that qualifies you for severance payments under Section 6(A) and a Change in Control occurs following your Involuntary Termination that qualifies you for the benefits under this Section 6(B), then you will be entitled to the benefits under Section 6(A) reduced by any amounts you already received under this Section 6(B).

Involuntary Termination Outside the Change in Control Period. Upon an Involuntary Termination occurring outside the Change in Control Period, and conditional upon your executing a Release that becomes effective and irrevocable within 60 days following your termination date, then you will be eligible to receive, subject to any delay as may be required under Section 11 of this letter: (1) Payment of an amount equal to 9 3 months of your base salary as in effect on your termination date (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date), and (2) Reimbursement by the Company of the costs of your premium costs to continue health coverage pursuant to COBRA for 9 3 months for you and your eligible dependents (provided you are eligible for and timely elect COBRA continuation coverage), or in the event that reimbursing such costs would result in an excise tax to the Company, payment of an amount equal $22,500 7,500 (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date). For the avoidance of doubt, if you experience an Involuntary Termination prior to a Change in Control that qualifies you for severance payments under Section 6(A) and a Change in Control occurs following your Involuntary Termination that qualifies you for the benefits under this Section 6(B), then you will be entitled to the benefits under Section 6(A) reduced by any amounts you already received under this Section 6(B).

Involuntary Termination Outside the Change in Control Period. Upon an Involuntary Termination occurring outside the Change in Control Period, and conditional upon your executing a Release that becomes effective and irrevocable within 60 days following your termination date, then you will be eligible to receive, subject to any delay delayed as may be required under Section 11 of this letter: (1) Payment of an amount equal to 9 months of your base salary as in effect on your termination date (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date), and (2) Reimbursement by the Company of the costs of your premium costs to continue health coverage pursuant to COBRA for 9 months for you and your eligible dependents (provided you are eligible for and timely elect COBRA continuation coverage), or in the event that reimbursing such costs would result in an excise tax to the Company, payment of an amount equal $22,500 (payable in lump sum, subject to applicable tax withholdings and deductions, on the 60th day following your termination date). For the avoidance of doubt, if you experience an Involuntary Termination prior to a Change in Control that qualifies you for severance payments under Section 6(A) and a Change in Control occurs following your Involuntary Termination that qualifies you for the benefits under this Section 6(B), then you will be entitled to the benefits under Section 6(A) reduced by any amounts you already received under this Section 6(B).