Termination by Company other than for Cause. In the event the Company terminates Executive’s employment other than for Cause, Executive shall be entitled to the following: (i) Payment of any Base Salary accrued but unpaid as of the date of termination; (ii) An amount equal to Executive’s monthly Base Salary in effect on the date of termination for a period equal to the greater of the remainder of the Term or twelve (12) months; (iii) The Company will pay to continue Executive’s health insurance coverage (i.e., make COBRA payments) following the date of termination other than for Cause until the earlier of (A) the greater of (1) the remainder of the Term or (2) twelve (12) months, and (B) until Executive obtains full-time employment, provided that such coverage remains available with respect to Executive; and (iv) Payment of any and all earnouts, or other consideration amounts payable by the Company pursuant to the Stock Purchase Agreement, whether earned or unearned, within thirty (30) days of the date of termination, and any bonuses earned as of the date of termination pursuant to Section 4(b) of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Hemacare Corp /Ca/), Employment Agreement (Hemacare Corp /Ca/), Employment Agreement (Hemacare Corp /Ca/)