Common use of Termination by CFC Clause in Contracts

Termination by CFC. (a) CFC shall have the right to terminate the Executive’s employment at any time during the Term of Employment with or without Cause, as defined in Section 6.5(a). If, during the Term of Employment, CFC terminates the employment of the Executive under this Section 6 without Cause, the Term of Employment shall terminate immediately thereafter, and: (i) CFC shall pay the Executive such Base Salary provided herein as he may be entitled to receive for services rendered prior to the date of such termination; (ii) CFC shall pay the Executive for any accrued but unused vacation as set forth in Section 5.2 and for any properly-documented unreimbursed expenses; (iii) CFC shall pay the Executive the benefits which the Executive is entitled to receive under the terms and conditions of such CFC plans as are in effect from time to time; and (iv) CFC shall pay the Executive a single lump-sum payment equal to the product of (a) three and (b) the sum of (1) his annual Base Salary at the rate in effect on the date of such termination, and (2) the annual bonus, if any, awarded to the Executive for the year prior to the year in which such termination occurs. (b) If, during the Term of Employment, CFC terminates the employment of the Executive for “Cause”, as defined below, the Term of Employment shall terminate immediately thereafter, and CFC shall pay the Executive such compensation as is set forth in Section 6.1(a)(i), (ii) and (iii) herein.

Termination by CFC. (a) a. CFC shall have the right to terminate the Executive’s employment at any time during the Term of Employment with or without “Cause, ,” as defined in Section 6.5(a)6.5.a. If, during the Term of Employment, CFC terminates the employment of the Executive under this Section 6 without Cause, the Term of Employment shall terminate immediately thereafter, and: (i) i. CFC shall pay the Executive such Base Salary provided herein as he may be entitled to receive for services rendered prior to the date of such termination; (ii) . CFC shall pay the Executive for any accrued but unused vacation as set forth in Section 5.2 and for any properly-documented unreimbursed expenses; (; iii) . CFC shall pay the Executive the benefits which the Executive is is, or may become, entitled to receive under the terms and conditions of such CFC plans as are in effect from time to time; and; (iv) . CFC shall pay the Executive a single lump-sum payment equal to the product of (aA) three (3) and (bB) the sum of (1) his annual Base Salary at the rate in effect on the date of such termination, and (2) the annual bonusExecutive’s Short-Term Incentive award, if any, awarded to the Executive for the year prior to the year in which such termination occurs; and v. CFC shall pay the Executive the benefits, if any, accrued under the Supplemental Executive Retirement Plan as set forth in Section 5.6. (b) b. If, during the Term of Employment, CFC terminates the employment of the Executive for “Cause”, as defined below, the Term of Employment shall terminate immediately thereafter, and CFC shall pay the Executive such compensation as is set forth in Section 6.1(a)(i)Sections 6.1.a.i, (ii) 6.1.a.ii, and (iii) 6.1.a.iii herein.

Termination by CFC. (a) CFC shall have the right to terminate the Executive’s employment at any time during the Term of Employment with or without “Cause”, as defined in Section 6.5(a). If, during the Term of Employment, CFC terminates the employment of the Executive under this Section 6 without Cause, the Term of Employment shall terminate immediately thereafter, and: (i) CFC shall pay the Executive such Base Salary provided herein as he may be entitled to receive for services rendered prior to the date of such termination; (ii) CFC shall pay the Executive for any accrued but unused vacation as set forth in Section 5.2 and for any properly-documented unreimbursed expenses; ; (iii) CFC shall pay the Executive the benefits which the Executive is is, or may become, entitled to receive under the terms and conditions of such CFC plans as are in effect from time to time; and (iv) CFC shall pay the Executive a single lump-sum payment equal to the product of (a) three and (b) the sum of (1) his annual Base Salary at the rate in effect on the date of such termination, and (2) the Executive’s Short-Term Incentive award, if any, for the year prior (or annual bonus, if any, awarded to the Executive for the year prior 2003) to the year in which such termination occurs. (b) If, during the Term of Employment, CFC terminates the employment of the Executive for “Cause”, as defined below, the Term of Employment shall terminate immediately thereafter, and CFC shall pay the Executive such compensation as is set forth in Section 6.1(a)(i), (ii) and (iii) herein.

Termination by CFC. (a) CFC shall have the right to terminate the Executive’s 's employment at any time during the Term of Employment with or without "Cause", as defined in Section 6.5(a). If, during the Term of Employment, CFC terminates the employment of the Executive under this Section 6 without Cause, the Term of Employment shall terminate immediately thereafter, and: (i) CFC shall pay the Executive such Base Salary provided herein as he may be entitled to receive for services rendered prior to the date of such termination; (ii) CFC shall pay the Executive for any accrued but unused vacation as set forth in Section 5.2 and for any properly-documented unreimbursed expenses; ; (iii) CFC shall pay the Executive the benefits which the Executive is is, or may become, entitled to receive under the terms and conditions of such CFC plans as are in effect from time to time; and (iv) CFC shall pay the Executive a single lump-sum payment equal to the product of (a) three and (b) the sum of (1) his annual Base Salary at the rate in effect on the date of such termination, and (2) the Executive's Short-Term Incentive award, if any, for the year prior (or annual bonus, if any, awarded to the Executive for the year prior 2007) to the year in which such termination occurs. (b) If, during the Term of Employment, CFC terminates the employment of the Executive for “"Cause”", as defined below, the Term of Employment shall terminate immediately thereafter, and CFC shall pay the Executive such compensation as is set forth in Section 6.1(a)(i), (ii) and (iii) herein.