Common use of Post-Term Benefits Clause in Contracts

Post-Term Benefits. Upon termination by the Company of this Agreement pursuant to Section 6.1(a) or termination by the Consultant of this Agreement pursuant to Section 6.1(c) or the expiration of the Term, the Company shall, subject to the terms of the Escrow Agreement (as defined below), deliver to the Consultant or, in the case of termination pursuant to Section 6.1(a), to the Consultant's executors, legal representatives or heirs (i) on the effective termination date or the effective expiration date, as the case may be, unless such date is prior to January 1, 2000, in which case, on January 4, 2000, a payment of $95,000 in cash and title to the Chevrolet Impala currently leased to the Company, (ii) six months after the effective termination date or the effective expiration date, as the case may be, unless such date is prior to January 1, 2001, in which case, on January 4, 2001, a payment of $50,000 in cash and (iii) for as long as SIBG owns greater than a majority of the shares of the Company, two cases of beer per month to the Consultant at the address set forth in Section 8.4. As a condition to receipt of each such payment or delivery (excluding the delivery required pursuant to clause (iii)), the Consultant (or a duly authorized representative of Consultant in the case of death or Disability) must execute a release in substantially the form of the release set forth in Section 6.2(d) below. On the date hereof, the Company shall deposit $150,000 in cash in escrow pursuant to the terms of the Escrow Agreement attached hereto as Exhibit A (the "Escrow Agreement").

Post-Term Benefits. Upon termination by the Company of this Agreement pursuant to Section 6.1(a) or termination by the Consultant of this Agreement pursuant to Section 6.1(c) or the expiration of the Term, the Company shall, subject to the terms of the Escrow Agreement (as defined below), deliver pay to the Consultant or, in the case of termination pursuant to Section 6.1(a), to the Consultant's executors, legal representatives or heirs (i) on the effective termination date or the effective expiration date, as the case may be, unless such date is prior to January 1, 2000, in which case, on January 4, 2000, a payment of $95,000 100,000 in cash and title to the Chevrolet Impala currently leased to the Company, (ii) six months after the effective termination date or the effective expiration date, as the case may be, unless such date is prior to January 1, 2001, in which case, on January 4, 2001, as the case may be, a payment of $50,000 in cash and (iii) for as long as SIBG owns greater than a majority of the shares of the Company, two cases of beer per month to the Consultant at the address set forth in Section 8.4cash. As a condition to receipt of each such payment or delivery (excluding the delivery required pursuant to clause (iii))payment, the Consultant (or a duly authorized representative of Consultant in the case of death or Disability) must execute a release in substantially the form of the release set forth in Section 6.2(d) below. On the date hereof, the Company shall deposit $150,000 in cash in escrow pursuant to the terms of the Escrow Agreement attached hereto as Exhibit A (the "Escrow Agreement").