Common use of Salary Continuation Payments Clause in Contracts

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth (10th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencementabove, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four twelve (2412) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. . In the event of (i) the Company terminates Company’s termination of the Executive’s employment for Cause, due to (ii) a Voluntary Termination by the Executive’s Disability, or by giving written notice of non-renewal (iii) the automatic termination of the Employment Period when the Executive attains the age of sixty-five (65) as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth (10th) anniversary of its commencementabove, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, 50,000 payable (a) in the event equal monthly installments of a termination by the Company under clause (i) of this sentence, $4,166.67 over a twelve12-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the twelve (12) month period in which payments are being made hereunderfollowing the Date of Termination, the Company’s obligation to make continue any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00time. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall also cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth twenty-first (10th21st) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth twenty-first (10th21st) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth fourteenth (10th14th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth fourteenth (10th14th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if : (i) If Executive’s employment is terminated for any reason (including without limitation the Company’s effective termination of Executive’s employment occurs by reason of the Company’s election pursuant to paragraph 1 not to extend any Employment Period ending prior to the expiration of the Employment Period for any reason November 14, 2021) other than Death, Disability, Cause or the Executive’s voluntary termination pursuant to paragraph 5(d) (Executive’s “Voluntary Termination”), or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencement, then the Company agrees to pay Executive amounts an amount which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Annual Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (collectively the “Tier 1 Salary Continuation Payments”). The Tier 1 Salary Continuation Payments shall be payable in installments as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (iii) the Company terminates the Upon Executive’s employment Voluntary Termination or if Executive is terminated for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph Tier 1 above such that the Employment Period will terminate on or after the tenth (10th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be reduced to the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum amount of $50,000, 50,000 (the “Tier 2 Salary Continuation Payments”) and shall be payable (a) in the event of a termination by the Company under clause (i) of this sentence, equal monthly installments over a twelve-month period following the Date of Termination, in eleven . (11iii) equal monthly installments If Executive’s employment is terminated by reason of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation election pursuant to make paragraph 1 not to extend any additional Salary Continuation Payments shall immediately ceaseEmployment Period ending on or after November 14, and the Executive shall immediately return to 2021, then the Company all Salary Continuation Payments paid up to that time to shall pay Executive one of the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which following amounts, as designated by the Company may have against at its sole option and election in a writing delivered to Executive by virtue within seven (7) days after notice of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after the Executive’s death.termination is given:

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if if, (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencementMarch 31, 2019, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s 's Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “"Salary Continuation Payments”"). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. . In the event of (i) the Company terminates Company’s termination of the Executive’s employment for Cause, due to Executive’s Disability, or by giving (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth (10th) anniversary of its commencementMarch 31, 2019, or (iiiii) a Voluntary Termination by the Executive gives notice of his or her Voluntary TerminationExecutive, then the Salary the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d5( d) above, payable as provided therein, plus (y) the sum of Fifty Thousand Dollars ($50,000), payable (a) in the event equal monthly installments of a termination by the Company under clause (i) of this sentence, $4,166.67 over a twelve12-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the twenty-four (24) month period in which payments are being made hereunderfollowing the Date of Termination, the Company’s obligation to make continue any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00time. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s 's obligation to make Salary Continuation Payments shall also cease with respect to periods after Executive’s 's death. 3. Except as expressly modified above, all of the remaining terms and provisions of the Agreement are hereby ratified and confirmed in all respects, and shall remain in full force and effect in accordance with their terms.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph Section 6, if Executive’s termination occurs for any reason (i) including without limitation the Company’s effective termination of Executive’s employment occurs at the end of any Employment Period expiring prior to the expiration March 26, 2015 by reason of the Employment Period for any reason Company’s election to give a Notice of Nonrenewal pursuant to Section 1) other than Death, Disability, for Cause or the by reason of Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period voluntary termination as provided in paragraph 1 above such that Section 4(c) (“Voluntary Termination”), then in addition to any amounts payable by the Employment Period will terminate prior Company to the tenth (10thDate of Termination as provided in Section 4(d) anniversary and without in any manner releasing, impairing or altering to any extent any of its commencementExecutive’s rights pursuant to any other provisions of this Agreement, then the Company agrees to pay Executive amounts (the “Salary Continuation Payments”) which, when combined with all any and all amounts that may be payable to Executive by the Company pursuant to either clause (i) of paragraph Section 5(a) above or clauses (i) and (ii) of paragraph 5(c) aboveSection 5(e), will total Executive’s Annual Base Salary and Annual Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following (i) the Date of Termination Termination, or (ii) the last day of the Employment Period if the Company gives a Notice of Nonrenewal (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph Section 3(a) and (b) above. (i) . In the event of a Voluntary Termination, or if Executive is terminated for Cause, or if the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice at the end of non-renewal of the any Employment Period as provided in paragraph 1 above such that the Employment Period will terminate expiring on or after the tenth (10th) anniversary March 26, 2015 by reason of its commencementany Notice of Nonrenewal given pursuant to Section 1, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be reduced to the agreed total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum amount of $50,000, payable (a) over a 12-month period following the Date of Termination in equal monthly installments. In the event of a termination by Executive breaches this Agreement at any time during the Company under clause (i) of this sentence, over a twelve24-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make continue any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00time. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall also cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth fifth (10th5th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth fifth (10th5th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth twentieth (10th20th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. . If (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth twentieth (10th20th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth twentieth (10th20th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (the “Salary Continuation Payments”). The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above. (i) the Company terminates the Executive’s employment for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth twentieth (10th20th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum of $50,000, payable (a) in the event of a termination by the Company under clause (i) of this sentence, over a twelve-month period following the Date of Termination, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s death.

Salary Continuation Payments. As additional consideration for the representation and restrictions contained in this paragraph 6, if : (i) If Executive’s employment is terminated for any reason (including without limitation the Company’s effective termination of Executive’s employment occurs by reason of the Company’s election pursuant to paragraph 1 not to extend any Employment Period ending prior to the expiration of the Employment Period for any reason December 31, 2020, other than Death, Disability, Cause or the Executive’s voluntary termination pursuant to paragraph 5(d) (Executive’s “Voluntary Termination”), or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencement, then the Company agrees to pay Executive amounts an amount which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Annual Target Annual Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following the Date of Termination (collectively the “Tier 1 Salary Continuation Payments”). The Notwithstanding Sections 3(a), 3(b), 5(a) and/or 5(c) of this Agreement, the Tier 1 Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with paragraph 3(aequal monthly installments over a period of twenty-four (24) and (b) abovemonths following the Date of Termination. (iii) the Company terminates the Upon Executive’s employment Voluntary Termination or if Executive is terminated for Cause, due to Executive’s Disability, or by giving written notice of non-renewal of the Employment Period as provided in paragraph Tier 1 above such that the Employment Period will terminate on or after the tenth (10th) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be reduced to the total of (x) any and all amounts due the Executive by reason of and in accordance with the provisions of paragraph 5(d) above, payable as provided therein, plus (y) the sum amount of $50,000, 50,000 (the “Tier 2 Salary Continuation Payments”) and shall be payable (a) in the event of a termination by the Company under clause (i) of this sentence, equal monthly installments over a twelve-month period following the Date of Termination, in eleven . (11iii) equal monthly installments If Executive’s employment is terminated by reason of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) in the event of a termination by the Executive under clause (ii) of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation election pursuant to make paragraph 1 not to extend any additional Salary Continuation Payments shall immediately ceaseEmployment Period ending on or after December 31, and the Executive shall immediately return to 2020, as applicable, then the Company all Salary Continuation Payments paid up to that time to shall pay Executive one of the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which following amounts, as designated by the Company may have against at its sole option and election in a writing delivered to Executive by virtue within seven (7) days after notice of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after the Executive’s death.termination is given:

Salary Continuation Payments. As additional consideration for Commencing on the representation Transition Date and restrictions contained in this paragraph 6, if (i) the termination of Executive’s employment occurs prior to the expiration of the Employment Period for any reason other than Death, Disability, Cause or the Executive’s Voluntary Termination, or (ii) the Company gives a written notice of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate prior to the tenth (10th) anniversary of its commencement, then the Company agrees to pay Executive amounts which, when combined with all amounts payable by the Company pursuant to either clause (i) of paragraph 5(a) above or clauses (i) and (ii) of paragraph 5(c) above, will total Executive’s Annual Base Salary and Target Annual Bonus as in effect immediately preceding the Date of Termination continuing for a period duration of twenty-four (24) months following the Date of Termination (such period, the “Salary Continuation PaymentsPeriod”). The Salary Continuation Payments , provided that the Executive’s employment with the Company was not terminated as a result of a Disqualifying Termination, and subject to the Executive’s continued compliance with the terms of this Agreement, including, without limitation, the execution of the Initial Release pursuant to Section 7 hereof, the Executive shall be payable as and when such amounts would be paid in accordance with paragraph 3(a) and (b) above.entitled to: (i) Salary continuation payments at the Company terminates rate in effect immediately prior to the Executive’s employment for CauseTransition Date (i.e., due to Executive’s Disability, or by giving written notice an annualized rate of non-renewal of the Employment Period as provided in paragraph 1 above such that the Employment Period will terminate on or after the tenth (10th$904,203) anniversary of its commencement, or (ii) the Executive gives notice of his or her Voluntary Termination, then the Salary Continuation Payments shall be the total of (x) any and all amounts due the Executive by reason of and payable in accordance with the provisions Company’s regular payroll practices; (ii) continued provision of paragraph 5(d) abovehealth, payable life and disability benefits at the same levels as provided thereinto active employees of the Company; provided, plus (y) the sum of $50,000however, payable (a) in the event of a termination by the Company determines that it cannot provide continuation of such benefits or providing such benefits is not reasonably practicable, the Company may, in lieu of such benefit continuation, pay the Executive a monthly cash payment in an amount equal to the Company’s normal monthly cost of coverage for an active employee; and provided further, that the provision of such benefits (or cash payments in lieu thereof) shall terminate if the Executive becomes eligible for comparable benefits from a subsequent employer; and (iii) a Pro-Rated Bonus (as defined in Section 7.2(iv) of the Employment Agreement) in respect of the calendar year during which the Employment Period ends; provided, however, that such bonus, if any, will be payable only after delivery of final audited financial statements for the ARH Group for the fiscal year to which such bonus relates. Notwithstanding the foregoing, if any regular scheduled payroll date for any payments due under clause Section 4(a) hereof occurs prior to the completion of the Revocation Period (as defined in the Initial Release), any amount that would otherwise have been payable under subclauses (i), (ii) of this sentence, over a twelve-month period and (iii) hereof shall be deferred and paid together with the applicable payment installment otherwise to be made on the first regular payroll date following the Date completion of Terminationthe Revocation Period; and provided further, in eleven (11) equal monthly installments of $1,000.00, followed by a twelfth and final monthly payment in the amount of $39,000, or (b) that in the event of a termination by the period during which the Executive under clause (ii) is permitted to sign the Initial Release straddles two calendar years, any such payments shall be deferred until the second of this sentence, over a six-month period beginning on the first day of the seventh month following the Date of Termination, in five (5) equal monthly installments of $2,000, followed by a sixth and final monthly payment in the amount of $40,000. If the Executive breaches this Agreement at any time during the period in which payments are being made hereunder, the Company’s obligation to make any additional Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time to the extent they exceeded $1,000.00. The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement. The Company’s obligation to make Salary Continuation Payments shall cease with respect to periods after Executive’s deathsuch calendar years.