Common use of Involuntary Termination Without Cause or Voluntary Termination for Good Reason Clause in Contracts

Involuntary Termination Without Cause or Voluntary Termination for Good Reason. If the Company terminates this Agreement without Cause (as defined below) or if Executive terminates this Agreement with Good Reason (as defined below), and in either case Executive provides (and does not revoke) an executed release pursuant to Section III.H., then Executive shall receive the following payments (subject to any applicable payroll or other taxes required to be withheld): 1. the Accrued Obligations; 2. an amount equal to two times the Executive’s Base Salary, payable in equal installments on the Company’s regular pay dates, for the two-year period beginning on the date of termination; and 3. provided the Executive is providing consulting services pursuant to Section IV, an amount equal to the projected annual bonus payable to Executive as of the date of termination, determined based on the weekly performance projection for the remainder of the calendar year as of the second Friday following the date of termination, as applied to the terms and conditions of the applicable Exhibit A, which amount shall be payable in equal installments on the Company’s regular pay dates, for the two-year period beginning on the date of termination, which payments shall cease if the Executive’s consulting services cease prior to the end of such period.

Involuntary Termination Without Cause or Voluntary Termination for Good Reason. If the Company terminates this Agreement without Cause (as defined below) or if Executive terminates this Agreement with Good Reason (as defined below), and in either case Executive provides (and does not revoke) an executed release pursuant to Section III.H., then Executive shall receive the following payments (subject to any applicable payroll or other taxes required to be withheld): 1. the Accrued Obligations; 2. an amount equal to two one times the Executive’s Base Salary, payable in equal installments on the Company’s regular pay dates, for the twoone-year period beginning on the date of termination; and 3. provided the Executive is providing consulting services pursuant to Section IV, an amount equal to the projected annual bonus payable to Executive as of the date of termination, determined based on the weekly performance projection for the remainder of the calendar year as of the second Friday following the date of termination, as applied to the terms and conditions of the applicable Exhibit A, which amount shall be payable in equal installments on the Company’s regular pay dates, for the twoone-year period beginning on the date of termination, which payments shall cease if the Executive’s consulting services cease prior to the end of such period.