Common use of Termination by the Company and Compensation Clause in Contracts

Termination by the Company and Compensation. In the event ----------------------------------------------- that the Company elects to terminate Executive's employment prior to the expiration of a three (3) year initial term, or renewal term, of this Agreement for any reason other than termination for Cause as expressly provided for in Paragraph 11(d), or if the Company chooses not to renew this Agreement at the expiration of any term hereunder, then, and in that event, the Company shall pay to Executive, on the Termination Date, the following compensation: (i) a lump sum payment equal to two (2) times Executive's then current Base Salary, (ii) any bonus to which Executive would have been eligible to receive for the year in which termination occurs, (iii) a lump sum payment equal to six (6) months automobile allowance, and (iv) shall continue the payment of premiums for hospitalization and major medical insurance for the lesser period of either twelve (12) months or the date on which Executive secures full time employment that affords equivalent medical coverage. In the event of a termination for Cause pursuant to paragraph 11(d), this Agreement shall be wholly terminated and Executive shall not be entitled to any further compensation or any other benefits provided for herein, and shall not be entitled to severance pay. However, any of the provisions of this Agreement relating to activities and conduct after the termination of the employment relationship between the Company and Executive shall remain in full force and effect, and be enforceable.

Termination by the Company and Compensation. In the event ----------------------------------------------- that the Company elects to terminate ExecutiveEmployee's employment prior to the expiration of a three two (32) year initial term, or renewal term, of this Agreement for any reason other than termination for Cause as expressly provided for in Paragraph 11(d), or if the Company chooses not to renew this Agreement at the expiration of any term hereunder, then, and in that event, the Company shall pay to ExecutiveEmployee, on the Termination Date, the following sole compensation: (i) a lump sum payment equal to two one (21) times Executiveyear's then current Base Salarygross annual salary, (ii) any earned bonus to which Executive would have been eligible to receive for at the year in which termination occurstime of termination, (iii) a lump sum payment equal to six (6) months automobile allowance, and (iv) shall continue the payment of premiums for hospitalization and major medical insurance for the lesser period of either twelve (12) months or the date on which Executive Employee secures full time employment that affords equivalent medical coverage, and (iv) half of all unvested options held by Employee, if any, shall become fully vested, notwithstanding anything to the contrary contained in the individual Option Agreement(s). In the event of a termination for Cause pursuant to paragraph 11(d), this Agreement shall be wholly terminated and Executive Employee shall not be entitled to any further compensation or any other benefits provided for herein, and shall not be entitled to severance pay. However, any of the provisions of this Agreement relating to activities and conduct after the termination of the employment relationship between the Company and Executive Employee shall remain in full force and effect, effect and be enforceable.

Termination by the Company and Compensation. In the event ----------------------------------------------- that the Company elects to terminate Executive's Employee’s employment prior to the expiration of a three the one (31) year initial term, or renewal term, of this Agreement for any reason other than termination for Cause as expressly provided for in Paragraph 11(d10.(d), or if the Company chooses not to renew this Agreement at the expiration of any term hereunder, then, and in that event, the Company shall pay to ExecutiveEmployee, on the Termination Date, the following compensation: (i) a lump sum payment equal to two (2) times Executive's then current Base Salary6 months salary, (ii) any bonus to which Executive Employee would have been eligible to receive for the year in which termination occurs, (iii) a lump sum payment equal to six (6) months automobile allowance, and (iv) shall continue the payment of premiums for hospitalization and major medical insurance for the lesser period of either twelve (12) six months or the date on which Executive Employee secures full time employment that affords equivalent medical coverage. In the event of a termination for Cause pursuant to paragraph 11(d10.(d), this Agreement shall be wholly terminated and Executive Employee shall not be entitled to any further compensation or any other benefits provided for herein, and shall not be entitled to severance pay. However, any of the provisions of this Agreement relating to activities and conduct after the termination of the employment relationship between the Company and Executive Employee shall remain in full force and effect, and be enforceable.