Common use of Termination by Employer Without Cause or by Executive for Good Reason Clause in Contracts

Termination by Employer Without Cause or by Executive for Good Reason. If Employer terminates Executive's employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date, plus a pro rata portion of any annual Target Bonus for the year of termination. In addition, Employer shall pay Executive an amount equal to two (2) times Executive's highest Base Salary over the prior three (3) years, plus an amount equal to two (2) times the Target Bonus or two (2) times the average bonus paid over the prior three (3) years, whichever is greater. Provided, however, that the payment and benefits described in this Section 5(b) will only be made conditioned upon Executive signing a Release Agreement.

Termination by Employer Without Cause or by Executive for Good Reason. If Employer terminates Executive's ’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date, plus a pro rata portion of any annual Target Bonus for the year of termination. In addition, Employer shall pay Executive an amount equal to two (2) 1.5 times Executive's ’s highest Base Salary over the prior three (3) years, plus an amount equal to two (2) 1.5 times the Target Bonus annual bonus last paid hereunder or two (2) 1.5 times the average bonus paid over the prior three (3) years, whichever is greater. Provided, however, that the payment and benefits described in this Section 5(b) section will only be made conditioned upon Executive signing a Release Agreement.

Termination by Employer Without Cause or by Executive for Good Reason. If Employer terminates Executive's ’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date, plus a pro rata portion of any annual Target Bonus for the year of termination. In addition, Employer shall pay Executive an amount equal to two (2) times Executive's ’s highest Base Salary over the prior three (3) years, plus an amount equal to two (2) times the Target Bonus or two (2) times the average bonus paid over the prior three (3) years, whichever is greater. Provided, however, that the payment and benefits described in this Section 5(b) will only be made conditioned upon Executive signing a Release Agreement.

Termination by Employer Without Cause or by Executive for Good Reason. If Employer terminates Executive's ’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date, plus a pro rata portion of any annual Target Bonus for the year of termination. In addition, Employer shall pay Executive an amount equal to two (2) 2 times Executive's ’s highest Base Salary over the prior three (3) years, plus an amount equal to two (2) 2 times the Target Bonus annual bonus last paid hereunder or two (2) 2 times the average bonus paid over the prior three (3) years, whichever is greater. Provided, however, that the payment and benefits described in this Section 5(b) section will only be made conditioned upon Executive signing a Release Agreement.

Termination by Employer Without Cause or by Executive for Good Reason. If Employer terminates Executive's ’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date, plus a pro rata portion of any annual Target Bonus for the year of termination. In addition, Employer shall pay Executive an amount equal to two (2) times Executive's ’s highest Base Salary over the prior three (3) years, plus an amount equal to two (2) times the Target Bonus annual bonus last paid hereunder or two (2) times the average bonus paid over the prior three (3) years, whichever is greater. Provided, however, that the payment and benefits described in this Section 5(b) section will only be made conditioned upon Executive signing a Release Agreement.