Salary Continuation and Other Benefits. (a) In General If, while this Agreement is in effect, (i) Executive’s employment is involuntarily terminated by Employer without Cause or Executive terminates [his/her] employment for Good Reason and Executive satisfies [his/her] obligations set forth in Section 4 of this Agreement including, but not limited to, the execution and delivery of the Waiver and Release described in Section 4(e), [he/she] shall be entitled to the payments and benefits described in this Section 3. Notwithstanding the foregoing, if Employer determines that Executive has breached any provision of this Agreement, Executive shall repay the Salary Continuation Payment and forfeit any future benefits provided under this Agreement, excluding the lesser of (i) twenty percent of [his/her] total Salary Continuation Payment or (ii) $5,000. The retained amount shall be deemed to be continuing consideration for signing and not revoking the applicable Waiver and Release. Termination of Executive’s employment by reason of death or disability shall not constitute involuntary termination by Employer under this Agreement and, in such event, no payments or benefits shall be provided under this Agreement.
Salary Continuation and Other Benefits. From April 1, 2000 -------------------------------------- through March 31, 2001, Employee shall receive, as salary continuation pay, his full base salary, less customary withholdings, payable on the Company's typical payroll dates. Employee agrees that he will be available to act as a consultant to the Company during the period of salary continuation payments. The Company also agrees to pay the Employee's COBRA premium for Employee and/or his dependant(s) medical insurance through the later of when Employee reaches age 65 or, in the event of Employee's death, when Employee's spouse reaches age 65 (the "Benefit Termination Date"); provided, however, that in the event the Company's insurer will no longer accept COBRA premiums covering Employee and/or his dependent(s), the Company then will pay an amount equal to the last COBRA premium, on a monthly basis, directly to Employee through the later of such dates, and the Company agrees to treat such premium payments as a Company-provided benefit policy. The Company further agrees to pay through the Benefit Termination Date the existing, ongoing insurance premium on the term life insurance policy on Employee's life with a face value of $1,000,000, and to follow Employee's instructions regarding designating who will be the beneficiary under said policy. The Company shall provide to Employee a copy of such policy. The Company shall provide to Employee annually on the renewal date of such policy evidence of payment of the premium for and continued effectiveness of such policy. Employee shall also be entitled to retain the computer and facsimile machine previously provided by the Company for Employee's home office. It is agreed that the salary and benefits payments provided herein by the Company are conditioned upon Employee's compliance with all provisions of this Agreement.
Salary Continuation and Other Benefits. In the event that the -- -------------------------------------- Company terminates your employment without your consent for any reason other than Cause (as defined in Section 7 below), or you experience a Constructive Discharge (as defined in Section 6 below) within 12 months following a Change in Control, then the Company shall pay to you each of the following or you will be entitled to receive the following, subject to the terms of Section 3 below:
