Common use of Other Than for Cause, Death or Disability; Good Reason Clause in Contracts

Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Employee's employment, other than for Cause, Death or Disability, or the Employee terminates his employment for Good Reason, the Company shall (i) pay the Employee's accrued but unpaid portion of the Annual Base Salary (the "Accrued Obligations") to the Employee in a lump sum in cash within 30 days after the Date of Termination, (ii) continue to pay the Annual Base Salary for the remainder of the term hereof, (iii) issue the accrued Stock Compensation (the "Accrued Stock Compensation"), and (iv) issue the Stock Compensation for the remainder of the term hereof. In addition, the Employee shall be entitled to a Bonus in an amount equal to the Bonus the Employee would have received for the Employment Period had this Agreement not been terminated. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Employee's employment by the Company other than for Cause or Disability or for the actions of the Company leading to a termination of the Employee's employment by the Employee for Good Reason, and shall be the sole and exclusive remedy therefor.

Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Employee's employment, other than for Cause, Death or Disability, or the Employee terminates his employment for Good Reason, the Company shall (i) pay the Employee's accrued but unpaid portion of the Annual Base Salary (the "Accrued ObligationsSalary") to the Employee in a lump sum in cash within 30 days after the Date of Termination, (ii) continue to pay the Annual Base Salary for the remainder of the term hereof, (iii) issue the accrued Stock accrued, but unissued, Compensation Shares (the "Accrued Stock CompensationCompensation Shares"; the Accrued Compensation Shares and the Accrued Salary shall be referred to herein, collectively, as the "Accrued Obligations"), and (iv) issue the Stock Compensation Shares for the remainder of the term hereof. In addition, the Employee shall be entitled to a Bonus in an amount equal to the Bonus the Employee would have received for the Employment Period had this Employment Agreement not been terminated. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Employee's employment by the Company other than for Cause or Disability or for the actions of the Company leading to a termination of the Employee's employment by the Employee for Good Reason, and shall be the sole and exclusive remedy therefor.

Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Employee's ’s employment, other than for Cause, Death or Disability, or the Employee terminates his employment for Good Reason, the Company shall (i) pay the Employee's ’s accrued but unpaid portion of the Annual Base Salary (the "“Accrued Obligations"”) to the Employee in a lump sum in cash within 30 days after the Date of Termination, (ii) continue to pay the Annual Base Salary for the remainder of the term hereof, (iii) issue the accrued Stock Compensation (the "“Accrued Stock Compensation"”), and (iv) issue the Stock Compensation for the remainder of the term hereof. In additionIf the Company does not extend Employee’s contract beyond the terms of this agreement, the Employee shall be entitled to a Bonus in an amount equal to paid his current salary over the Bonus the Employee would have received for the Employment Period had 1 (one) year period after this Agreement not been terminatedagreement expires. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Employee's ’s employment by the Company other than for Cause or Disability or for the actions of the Company leading to a termination of the Employee's ’s employment by the Employee for Good Reason, and shall be the sole and exclusive remedy therefor.

Other Than for Cause, Death or Disability; Good Reason. If, during the Employment Period, the Company terminates the Employee's employment, other than for Cause, Death or Disability, or the Employee terminates his employment for Good Reason, the Company shall (i) pay the Employee's accrued but unpaid portion of the Annual Base Salary (the "Accrued Obligations") to the Employee in a lump sum in cash within 30 days after the Date of Termination, (ii) continue to pay the Annual Base Salary for the remainder of the term hereof, (iii) issue the accrued Stock Compensation (the "Accrued Stock Compensation"), and (iv) issue the Stock Compensation for the remainder of the term hereof. In addition, the Employee shall be entitled to a Bonus (the "Bonus") in an amount equal to One Million Dollars ($1,000,000.00) payable 30 days after the Date of Termination, or upon the non-renewal of the employment contract, in which case such Bonus is to be paid 90 days after the Employee would have received for the Employment Period had this Agreement not been terminatedDate of Termination. The payments provided pursuant to this paragraph (a) of Section 5 are intended as liquidated damages for a termination of the Employee's employment by the Company other than for Cause or Disability or for the actions of the Company leading to a termination of the Employee's employment by the Employee for Good Reason, and shall be the sole and exclusive remedy therefor.