Termination At or Following Expiration of the Term. (i) Upon a termination of Executive’s employment by Executive or QVC at or following expiration of the Term for any reason, including termination by QVC with or without Cause, voluntary termination by Executive with or without Good Reason, and termination by reason of death or Disability, QVC shall pay Executive (a) the Standard Entitlements; and (b) except in the case of termination by QVC for Cause, any declared but unpaid Bonus for the calendar year prior to the year in which the termination occurs. In addition, except in the case of termination by QVC for Cause, if Executive’s employment ends on the last day of the Term, Executive will also be eligible to receive the Bonus he would have received for calendar year 2020 if he had remained employed by QVC as of the date of determination of the 2020 bonuses payable to QVC employees, determined as described in Section 3.B. in the sole discretion of the decision maker. For clarity, in no event will the termination of Executive’s employment by QVC or by Executive at the end of the Term or thereafter constitute a termination without Cause by QVC or by Executive for Good Reason, nor will any termination of Executive’s employment at or following expiration of the Term as a result of Executive’s death or Disability be governed by Section 9.A.
Termination At or Following Expiration of the Term. Upon a termination of Executive’s employment by Executive or QRI at or following expiration of the Term for any reason, QRI shall pay Executive (a) the Standard Entitlements; and (b) except in the case of termination by QRI for Cause, subject to Section 7.G and Section 7.H, any Prior Year Annual Bonus. In addition, if Executive’s employment ends on the last day of the Term, Executive will also be eligible to receive the Annual Bonus he would have received for calendar year 2024 and his 2024 Performance RSUs will continue to vest, in each case, as if he had remained employed by QRI. For clarity, in no event will the termination of Executive’s employment by QRI or by Executive on the last day of the Term or thereafter constitute a termination without Cause by QRI or by Executive for Good Reason, nor will any termination of Executive’s employment at or following expiration of the Term as a result of Executive’s death or Disability be governed by Section 7.A.
Termination At or Following Expiration of the Term. (i) Upon a termination of Executive's employment by Executive or QVC at or following expiration of the Term for any reason, including termination by QVC with or without Cause, voluntary termination by Executive with or without Good Reason, and termination by reason of death or Disability, QVC shall pay Executive (a) Executive's Base Compensation through the date of termination; (b) except in the case of termination by QVC for Cause, any declared but unpaid Bonus for the calendar year prior to the year in which the termination occurs, (c) the amount of any reimbursable expenses incurred by Executive pursuant to Section 6 prior to the date of termination but not yet reimbursed; (d) vested benefits, if any, owed to Executive in accordance with other applicable plans, programs and arrangements of QVC and its affiliates; and (e) any other amounts that QVC is required pursuant to applicable law to pay Executive. In addition, except in the case of termination by QVC for Cause, if Executive's employment ends on the last day of the Term, Executive will also be eligible to receive the Bonus he would have received for calendar year 2015 if he had remained employed by QVC as of the date of determination of the 2015 bonuses payable to QVC employees, determined as described in Section 3.B. in the sole discretion of the decision maker. For clarity, in no event will the termination of Executive's employment by QVC or by Executive at the end of the Term or thereafter constitute a termination without Cause by QVC or by Executive for Good Reason, nor will any termination of Executive's employment at or following expiration of the Term as a result of Executive's death or Disability be governed by Section 9.A.
Termination At or Following Expiration of the Term. The second sentence of Section 9.E.(i) of the Original Agreement is hereby amended and restated to read as follows: “For the avoidance of doubt, except in the case of termination by QVC for Cause, if Executive’s employment ends on the last day of the Term (December 31, 2021), Executive will remain eligible to receive the calendar year 2021 Bonus, determined as described in Section 3.B. in the sole discretion of the decision maker.”
