Nonrenewal by Employer; Termination Without Good Cause; Termination for Death or Disability of Employee. In the event that this Agreement is terminated pursuant to Section 5(a) by the Employer (nonrenewal), or Section 5(f) (Without Good Cause), or pursuant to Sections 5(b) (Employee's death) or 5(c) (Employee's disability): (i) Employee shall receive any and all accrued but unpaid base salary compensation due to Employee as of the date on which the Employment Period ends (the "Termination Date"), which shall be paid on the Termination Date; (ii) In addition, Employee shall receive severance payments equal to the full base salary (payable bi-monthly at the same time Employee would otherwise receive such base salary if Employee were still employed by Employer) for one year after the Termination Date; (iii) Benefits pursuant to any of Employer's employee benefit plans that Employee had been receiving during the Employment Period shall continue for one year after the Termination Date; and (iv) All options held by Employee will be addressed in accordance with Employee's separate option agreement.
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Samples: Employment Agreement (PRA International), Employment Agreement (PRA International), Employment Agreement (PRA International)
Nonrenewal by Employer; Termination Without Good Cause; Termination for Death or Disability of Employee. In the event that this Agreement is terminated pursuant to Section 5(a) by the Employer (nonrenewal), or Section 5(f) (Without Good Cause), or pursuant to Sections 5(b) (Employee's death) or 5(c) (Employee's disability):
(i) Employee shall receive any and all accrued but unpaid base salary compensation (as well as any accrued and unpaid vacation) due to Employee as of the date on which the Employment Period ends (the "Termination Date"), which shall be paid on the Termination Date;
(ii) In addition, Employee shall receive severance payments equal to the full base salary (payable bi-monthly at the same time Employee would otherwise receive such base salary if Employee were still employed by Employer) for one year after the Termination Date;
(iii) Benefits pursuant to any of Employer's employee benefit plans that Employee had been receiving during the Employment Period shall continue for one year after the Termination Date; and
(iv) All options held by Employee will be addressed in accordance with Employee's separate option agreement.
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