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

Payments in the Event of Termination. (a) If the Employment ------------------------------------ Period is terminated or expires pursuant to Section 1, Section 6.1 or Section 6.2, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be. (b) If the Employment Period is terminated by the Company (other than pursuant to Section 1, 6.1 or 6.2), the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof). (c) If the Employment Period is terminated pursuant to Section 6.3, the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of the termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof).

Payments in the Event of Termination. (a) If the Employment Period ------------------------------------ Period is terminated or expires pursuant to Section 1, Section 6.1 or Section 6.2, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be. (b) If the Employment Period is terminated by the Company (other than pursuant to Section 1, 6.1 or 6.2), the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof). (c) If the Employment Period is terminated pursuant to Section 6.3, the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of the termination plus (B) (i) in the case of a termination for Good Reason pursuant to clause (iv) or (v) of the definition thereof, $25,000 and (ii) in the case of a termination for Good Reason pursuant to clause (i), (ii) or (iii) of the definition thereof, an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof).

Payments in the Event of Termination. (a) If the Employment ------------------------------------ Period is terminated or expires pursuant to Section 1, Section 6.1 or Section 6.2, the Company shall pay the Employee any Salary earned to the date of such termination or expiration, as the case may be. (b) If the Employment Period is terminated by the Company (other than pursuant to Section 1, 6.1 or 6.2), the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of termination plus (B) an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof). (c) If the Employment Period is terminated pursuant to Section 6.3, the Company shall pay Employee an amount equal to the sum of (A) any Salary earned to the date of the termination plus (B) (i) in the case of a termination for Good Reason pursuant to clause (iv) or (v) of the definition thereof, $25,000 and (ii) in the case of a termination for Good Reason pursuant to clause (i), (ii) or (iii) of the definition thereof, an amount equal to his Salary (as in effect on the date of termination) for the then-remaining term of the Employment Period (assuming no extension thereof).