Common use of Payments in the Event of Termination Clause in Contracts

Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment, provided that in no event shall such period be less than twelve months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.

Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment, provided that in no event shall such period be less than twelve six months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.

Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his her estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment; provided, however, that such period shall be calculated without taking into account any extensions as provided in Section 1.c; and provided, further, that in no event shall such period be less than twelve months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.

Payments in the Event of Termination. Upon the termination of the Employment Period for death, disability, by the Executive without Good Reason, or by the Employer for Cause, the Employer shall pay to the Executive, or his estate, as the case may be, the Base Salary and Performance Bonus earned to the date of death or termination for disability or Cause, as the case may be. In addition, all vested and unexercised Options shall remain exercisable by the Executive for a period of 365 days. Upon the termination of the Employment Period by the Employer without Cause or by the Executive for Good Reason, the Employer shall pay to the Executive (A) the Base Salary and Performance Bonus earned to the date of such termination, and (B) an additional amount in a lump sum in cash equal to the Base Salary at the time of termination for a period beginning on the date of such termination, and ending on the date that the Employment Period would have ended pursuant to this Agreement had there been no termination of Executive's employment; PROVIDED, HOWEVER, that such period shall be calculated without taking into account any extensions as provided in Section 1.c; and PROVIDED, FURTHER, that in no event shall such period be less than twelve months. In addition, all vested and unexercised Options shall become and remain exercisable by the Executive until the expiration date of the Options pursuant to the Option Agreement.