Common use of Termination by Company Without Cause, or Termination by Employee for Good Reason Clause in Contracts

Termination by Company Without Cause, or Termination by Employee for Good Reason. In the event that the Company terminates the Employee's employment without Cause or the Employee terminates his employment for Good Reason, the Employee shall be entitled to the following payments and benefits: (i) Those described in Section 6(b)(ii); (ii) As of his Date of Termination, the Employee shall become fully vested in all employee benefit programs (other than any tax qualified retirement or savings plan, the Employee's interest in which shall vest in accordance with such plan's terms), including, without limitation, any stock options and awards under any Stock Plan in effect and all benefits under any SERP in effect, in which he was a participant at the time of the termination of his employment; (iii) Reimbursement of all expenses incurred by the Employee through the use of any executive out-placement services to assist him to seek other employment, which shall include, but not be limited to (A) secretarial services, use of an office, phone, office supplies and office services comparable to the level of such services and supplies available to the Employee prior to the Date of Termination and (B) all unreimbursed travel expenses incurred by the Employee to seek other employment up to a maximum amount of Five Thousand Dollars ($5,000); and (iv) A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the Employee's non-vested interest under any tax qualified retirement or savings plan maintained by the Company which is forfeited by the Employee under such plan's terms upon his termination of employment.

Termination by Company Without Cause, or Termination by Employee for Good Reason. In the event that the Company terminates the Employee's employment without Cause or the Employee terminates his employment for Good Reason, the Employee shall be entitled to the following payments and benefits: (i) i. Those described in Section 6(b)(ii7(b)(ii); (ii) . As of his Date of Termination, the Employee shall become fully vested in all employee benefit programs (other than any tax qualified retirement or savings plan, the Employee's interest in which shall vest in accordance with such plan's terms), including, without limitation, any all stock options and awards under any the Stock Plan in effect and all benefits under any SERP in effectthe SERP, in which he was a participant at the time of the termination of his employment; (iii) . Reimbursement of all expenses incurred by the Employee through the use of any executive out-placement services to assist him to seek other employment, which shall include, but not be limited to (A) secretarial services, use of an office, phone, office supplies and office services comparable to the level of such services and supplies available to the Employee prior to the Date of Termination and (B) all unreimbursed travel expenses incurred by the Employee to seek other employment up to a maximum amount of Five Thousand Dollars ($5,000); and (iv) . A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the Employee's non-vested interest under any tax qualified retirement or savings plan maintained by the Company which is forfeited by the Employee under such plan's terms upon his termination of employment.

Termination by Company Without Cause, or Termination by Employee for Good Reason. In the event that the Company terminates the Employee's employment without Cause or the Employee terminates his employment for Good Reason, the Employee shall be entitled to the following payments and benefits: (i) Those described in Section 6(b)(ii10(b)(ii); (ii) A continuation of payment of the Employee's base salary as in effect on the Date of Termination for a period of twelve (12) months from the Date of Termination; PROVIDED THAT, if such Date of Termination occurs on or after a Change in Control, the period shall be eighteen (18) months rather than twelve (12) months; (iii) As of his Date of Termination, the Employee shall become fully vested in all employee benefit programs (other than any tax qualified retirement or savings plan, the Employee's interest in which shall vest in accordance with such plan's terms), including, without limitation, any all stock options and awards under any the Stock Plan in effect and all benefits under any SERP in effectPlan, in which he was a participant at the time of the termination of his employment; (iii) Reimbursement of all expenses incurred by the Employee through the use of any executive out-placement services to assist him to seek other employment, which shall include, but not be limited to (A) secretarial services, use of an office, phone, office supplies and office services comparable to the level of such services and supplies available to the Employee prior to the Date of Termination and (B) all unreimbursed travel expenses incurred by the Employee to seek other employment up to a maximum amount of Five Thousand Dollars ($5,000); and (iv) A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the Employee's non-vested interest under any tax qualified retirement or savings plan maintained by the Company which is forfeited by the Employee under such plan's terms upon his termination of employment; (v) A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the pro rata portion of any non-discretionary bonus that the Employee would have been entitled to if he had remained an employee throughout the fiscal year, such pro rata portion to be based on the number of days from the beginning of such fiscal year through the Date of Termination divided by 365; and (vi) Employee's reasonable, out-of-pocket fees and expenses in connection with outplacement services, in an amount not to exceed $15,000.

Termination by Company Without Cause, or Termination by Employee for Good Reason. In the event that the Company terminates the Employee's employment without Cause or the Employee terminates his employment for Good Reason, the Employee shall be entitled to the following payments and benefits: (i) Those described in Section 6(b)(ii10(b)(ii); (ii) A continuation of payment of the Employee's base salary as in effect on the Date of Termination for a period of twelve (12) months from the Date of Termination; PROVIDED that, if such Date of Termination occurs on or after a Change in Control, the period shall be eighteen (18) months rather than twelve (12) months; (iii) As of his Date of Termination, the Employee shall become fully vested in all employee benefit programs (other than any tax qualified retirement or savings plan, the Employee's interest in which shall vest in accordance with such plan's terms), including, without limitation, any all stock options and awards under any the Stock Plan in effect and all benefits under any SERP in effectPlan, in which he was a participant at the time of the termination of his employment; (iii) Reimbursement of all expenses incurred by the Employee through the use of any executive out-placement services to assist him to seek other employment, which shall include, but not be limited to (A) secretarial services, use of an office, phone, office supplies and office services comparable to the level of such services and supplies available to the Employee prior to the Date of Termination and (B) all unreimbursed travel expenses incurred by the Employee to seek other employment up to a maximum amount of Five Thousand Dollars ($5,000); and (iv) A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the Employee's non-vested interest under any tax qualified retirement or savings plan maintained by the Company which is forfeited by the Employee under such plan's terms upon his termination of employment; (v) A single lump sum payment, payable within thirty (30) days of the Date of Termination, equal to the pro rata portion of any non-discretionary bonus that the Employee would have been entitled to if he had remained an employee throughout the fiscal year, such pro rata portion to be based on the number of days from the beginning of such fiscal year through the Date of Termination divided by 365; and (vi) Employee's reasonable, out-of-pocket fees and expenses in connection with outplacement services, in an amount not to exceed $15,000.