Common use of Payments to Employee Upon Termination of Employment Clause in Contracts

Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 7(B) and 7(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth in Section 6, or thereafter pursuant to Section 2: [i] Employee's Salary shall be prorated and paid through the date of termination; and [ii] all unvested options to purchase common stock of the Company shall cease and terminate as of the date of termination. B. In the event of Employee's termination pursuant to Section 6(B) or 6(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company. C. In the event of Employee's termination pursuant to Section 6(F), the Company agrees to continue to pay Employee's full Salary during such period of disability, said payments to continue for a maximum of six (6) months. Thereafter, Employee shall be paid disability benefits pursuant to the disability insurance, if any, established by the Company and in which Employee participates pursuant to Section 4(D) of this Agreement.

Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 7(B8(B) and 7(C8(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth in Section 67, or thereafter pursuant to Section 2: [i] Employee's Salary shall be prorated and paid through the date of termination; and [ii] all unvested options to purchase common stock of the Company shall cease and terminate as of the date of termination. B. In the event of Employee's termination pursuant to Section 6(B7(B) or 6(F7(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company. C. In the event of Employee's termination pursuant to Section 6(F7(F), the Company agrees to continue to pay Employee's Employee his full Salary during such period of disability, said payments to continue for a maximum of six (6) months. Thereafter, Employee shall be paid disability benefits pursuant to the disability insurance, if any, established by the Company and in which Employee participates pursuant to Section 4(D4(E) of this Agreement.

Payments to Employee Upon Termination of Employment. A. Subject to the provisions of Sections 7(B8(B) and 7(C8(C) below, in the event Employee's employment with the Company shall terminate during the Term for any of the reasons set forth in Section 67, or thereafter pursuant to Section 2: [i] Employee's Salary shall be prorated and paid through the date of termination; and [ii] all unvested options to purchase common stock of the Company shall cease and terminate as of the date of termination. B. In the event of Employee's termination pursuant to Section 6(B7(B) or 6(F7(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company. C. In the event of Employee's termination pursuant to Section 6(F7(F), the Company agrees to continue to pay Employee's Employee her full Salary during such period of disability, said payments to continue for a maximum of six (6) months. Thereafter, Employee shall be paid disability benefits pursuant to the disability insurance, if any, established by the Company and in which Employee participates pursuant to Section 4(D) of this Agreement.