Common use of Noncompete Payment Clause in Contracts

Noncompete Payment. Upon a Qualified Termination, Employee shall be paid $341,086 by the Company in a lump sum in cash within five days following the date of such Qualified Termination. Notwithstanding anything in this Agreement to the contrary, Employee's termination shall not alter or impair any of Employee's rights or benefits, if any, under any (i) employee benefit plan of the Company or (ii) incentive or deferred compensation plan, including, without limitation, any stock option plan, of the Company.

Noncompete Payment. Upon a Qualified Termination, Employee shall be paid $341,086 273,625 by the Company in a lump sum in cash within five days following the date of such Qualified Termination. Notwithstanding anything in this Agreement to the contrary, Employee's termination shall not alter or impair any of Employee's rights or benefits, if any, under any (i) employee benefit plan of the Company or (ii) incentive or deferred compensation plan, including, without limitation, any stock option plan, of the Company.

Noncompete Payment. Upon a Qualified Termination, Employee shall be paid $341,086 220,690 by the Company in a lump sum in cash within five days following the date of such Qualified Termination. Notwithstanding anything in this Agreement to the contrary, Employee's termination shall not alter or impair any of Employee's rights or benefits, if any, under any (i) employee benefit plan of the Company or (ii) incentive or deferred compensation plan, including, without limitation, any stock option plan, of the Company.

Noncompete Payment. Upon a Qualified Termination, Employee shall be paid $341,086 470,791 by the Company in a lump sum in cash within five days following the date of such Qualified Termination. Notwithstanding anything in this Agreement to the contrary, Employee's termination shall not alter or impair any of Employee's rights or benefits, if any, under any (i) employee benefit plan of the Company or (ii) incentive or deferred compensation plan, including, without limitation, any stock option plan, of the Company.