Termination By Company Without Cause or By Employee For Good Reason. If the Company terminates Employee’s employment other than for Cause or the occurrence of Employee’s death or Disability, or if Employee terminates his employment for Good Reason, or if Employee’s employment with the Company terminates at the end of the Term because the Company and Employee have not entered into either an extension of this Agreement or a new employment agreement, Employee shall be entitled to receive and the Company shall pay a severance benefit in the gross amount of one and one half (1 1/2) times his Base Salary in effect at the time of such termination in a lump sum payment minus appropriate tax and other withholdings (so long as Employee is not in material breach of this Agreement) (“Severance Payment”) on the sixtieth (60th) day following such termination (“Payment Date”), provided that (i) prior to the Payment Date the Employee executes and delivers to the Company a General Release of all claims relating to his employment and termination from employment in a form provided by the Company (which General Release shall not affect any rights the Employee may have under COBRA or under any vested award previously issued to Employee by the Company under any Company benefit plan), (ii) on or prior to the Payment Date, such General Release is not revoked, and (iii) as of the Payment Date, the Employee is not in material breach of this Agreement. The Employee understands that if the conditions set forth in the preceding sentence are not met, he shall not be entitled to the Severance Payment under this section. The Company shall have no further obligations to Employee under this Agreement.
Termination By Company Without Cause or By Employee For Good Reason. In the event Employee is terminated by the Company other than for Cause, death or Disability, or in the event the Employee resigns with Good Reason, the Company shall pay the Employee and provide him with the following:
Termination By Company Without Cause or By Employee For Good Reason. If the Employee’s employment by the Company is terminated by the Company other than for Cause, or if the Employee’s employment is terminated by the Employee for Good Reason, the Company shall pay or provide the Employee with the following, subject to the provisions of Section 24 hereof:
Termination By Company Without Cause or By Employee For Good Reason. If the Company terminates Employee’s employment other than for Cause or the occurrence of Employee’s death or Disability, or if Employee terminates his employment for Good Reason, Employee shall be entitled to receive severance in the gross amount of one and one half (1 1/2) times his Base Salary in effect at the time of termination (so long as Employee is not in breach of this Agreement) (“Severance Payment”), provided that Employee executes, and does not revoke, a General Release of all claims relating to his employment and termination from employment in a form provided by the Company. Subject to Section 9 hereof, the Severance Payment shall be made to the Employee in a lump sum payment, minus appropriate tax and other withholdings, ten (10) days after the General Release is executed by Employee and returned and received by the Company, provided Employee does not revoke the General Release. Employee understands that should he fail or refuse to execute the General Release provided by the Company, or revoke such General Release, he shall not be entitled to the Severance Payment under this section. The Company shall have no further obligations to Employee under the Agreement.
Termination By Company Without Cause or By Employee For Good Reason. If Company terminates Employee's employment other than for Cause or the occurrence of Employee's death or Disability, or if Employee terminates his employment for Good Reason, all of Employee's rights to his Base Salary (so long as Employee is not in breach of this Agreement) shall continue as severance payments until, and terminate upon, the twelve (12) month anniversary of the date of such termination (the "Severance Period"), provided that Employee executes, and does not revoke, a General Release of all claims relating to his employment and termination from employment in a form provided by Company. Employee understands that should he fail or refuse to execute the General Release provided by Company, or revoke such General Release, he shall not be entitled to any severance payments under this section. Employee's Base Salary referred to in this paragraph shall be payable during the Severance Period in equal periodic installments in accordance with Company's regular payroll practices then in effect, but shall cease immediately if Employee is in breach of this Agreement. Company shall have no further obligations to Employee under the Agreement.
Termination By Company Without Cause or By Employee For Good Reason. If the Employee has a Separation from Service by reason of termination of his employment by Company other than for Cause or the occurrence of Employee’s death or Disability, or if Employee has a Separation from Service by reason of resignation of his employment for Good Reason, Employee shall be entitled to receive severance in the amount of twelve (12) months of his Base Salary in effect at the time of termination (so long as Employee is not in breach of this Agreement) (“Severance Payment”), provided that Employee executes, and does not revoke, a General Release, attached hereto as Exhibit C, of all claims relating to his employment and termination from employment in a form provided by the Company. Subject to Section 9 hereof, the Company shall pay the Severance Payment in equal installments based on the number of regularly scheduled payroll periods (in effect as of the date of the termination) during the Severance Period (The Severance Period is a period of 12 months. The first day of the Severance Period shall be determined by the Company which shall occur no later than ninety (90) days after the termination and correspond to a regularly scheduled payment date.), provided that (1) Employee has delivered the General Release within such time as designated by the Company, (2) the Company determines that the General Release is legally binding on Employee and (3) Employee does not revoke the General Release, and subject to the requirements under Section 9(c) hereof. The first installment shall be paid on the first day of the Severance Period and subsequent installments on each regularly scheduled payroll date thereafter until no additional amount is payable to the Employee. The Severance Payment shall be subject to all applicable withholding for federal, state, and local taxes. In the event of the Employee’s death prior to receiving all due installment payments of his/her Severance Payment, any remaining installments thereof shall be paid to the Employee’s estate on the same payment schedule as would have occurred, but for the death of the Employee. In no event shall payment of any Severance Payment be made prior to the effective date of termination or prior to the expiration of the revocation period, if any, applicable to the General Release. If Employee fails to deliver such legally binding General Release by the due date designated by the Company, the Company shall not have any obligation to make any Severance Payments. Employee understands that should h...
Termination By Company Without Cause or By Employee For Good Reason. (i) If the Company terminates Employee's employment other than for Cause (as defined below) or if Employee terminates his employment for Good Reason (as defined below) or if Employee shall die or become disabled as a direct result of business related activities within nine (9) months of the Effective Date, then (A) within five (5) business days of the date on which Employee's employment is terminated, the Company shall pay to Employee in one lump sum payment that aggregate amount of Base Salary
Termination By Company Without Cause or By Employee For Good Reason. (i) If the Company terminates Employee's employment other than for Cause (as defined below) or if Employee terminates his employment for Good Reason (as defined below) or if Employee shall die or become disabled as a direct result of business related activities within nine (9) months of the Effective Date, then (A) within five (5) business days of the date on which Employee's employment is terminated, the Company shall pay to Employee in one lump sum payment that aggregate amount of Base Salary and Bonus that the Company would have paid to Employee during the Severance Period if Employee had remained employed with the Company throughout the Severance Period, (B) during the Severance Period the Company shall continue to make available to Employee the benefits made generally available by the Company to its employees, to the extent permitted under applicable law and the terms of the benefit plans, and (C) all non-vested options to purchase Company stock granted to Employee will immediately become vested. If the date of Employee's termination is on or before the first anniversary of the Effective Date, then for purposes of this Agreement the term "
Termination By Company Without Cause or By Employee For Good Reason. If Employee's employment is terminated by the Company without Cause pursuant to Section 6.2 prior to the expiration of the Term or by Employee for Good Reason pursuant to Section 6.3 prior to the expiration of the Term, then, in addition to complying with the requirements of Section 7.1, the Company shall, upon receipt of a written release from Employee in form and substance reasonably satisfactory to the Company with respect to all liabilities arising prior to and in connection with such termination (other than under Options and this Section), continue to pay, when due in accordance with Section 4.1, to or for the benefit of Employee or, if applicable, his heirs or estate, as their rights may be, one hundred percent (100%) of any and all payments of: (i) annual base salary; and (ii) 100% of the Company health benefits coverage then in effect (with Company /Employee contributions remaining the same as during the period immediately prior to termination), in each case through the period ending on the 12-month anniversary of the effective date of the termination of Employee's service.
Termination By Company Without Cause or By Employee For Good Reason. In the event that, during the term of this Agreement the Employee's employment terminates in a Qualifying Termination, as defined in Subsection (a), the Employee shall be entitled to receive the payments and benefits described in Subsections (b), (c) and (d).
