Common use of Termination By the Company For Any Other Reason Clause in Contracts

Termination By the Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Term for any reason other than as provided in Sections 4(a), (c), or 8 hereof, then the Company shall pay to Executive, 1) commencing with the date of termination of employment and continuing for the balance of the Term, severance pay equal to the Base Salary rate being paid to Executive immediately preceding the termination of employment, (which shall be paid at the times and in the amounts such Base Salary would have been paid if Executive had not been terminated); and 2) promptly following any termination under this sub-paragraph, pay to Executive his targeted bonus for the calendar year at issue (as such Target is established by the Company's then current bonus program) on a pro-rated basis through his last day of employment for such year. Executive shall receive no bonus in any subsequent year of the Term following termination. During the balance of Term following any termination under this sub-paragraph, Executive shall also continue to participate in and receive the medical, Executive medical, dental, and prescription drug insurance (or their substantial equivalents) benefits as provided for in Section 3 hereof to the same extent as if Executive's employment hereunder had not been terminated; provided, however, that notwithstanding anything to the contrary herein, 1) Base Salary severance payments and benefits pursuant to this sub-paragraph shall not be made or provided by the Company for a period exceeding twenty-four months following the termination of employment; and 2) in the event that Executive shall breach any of the provisions of Sections 4, 5, 6 or 7 hereof, in addition to any other remedies the Company may have, the Company's obligation pursuant to this Section 4(d) to pay severance, bonus, and to continue certain benefits shall cease and Executive's rights thereto shall terminate and shall be forfeited and Executive shall promptly reimburse and repay to Company any severance and bonus paid by the Company to Executive subsequent to the date of termination.

Termination By the Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Term for any reason other than as provided in Sections 4(a), (c), or 8 hereof, then the Company shall pay to Executive, 1) commencing with the date of termination of employment and continuing for the balance of the Term, severance pay equal to the Base Salary rate being paid to Executive immediately preceding the termination of employment, (which shall be paid at the times and in the amounts such Base Salary would have been paid if Executive had not been terminated); and 2) promptly following any termination under this sub-paragraph, pay to Executive his targeted bonus for the calendar year at issue (as such Target is established by the Company's then current bonus program) on a pro-rated basis through his last day of employment for such year. Executive shall receive no bonus in any subsequent year of the Term following termination. During the balance of Term following any termination under this sub-paragraph, Executive shall also continue to participate in and receive the medical, Executive medicalMedical, dental, dental and prescription drug insurance (or their substantial equivalents) benefits as provided for in Section 3 hereof to the same extent as if Executive's employment hereunder had not been terminated; provided, however, that notwithstanding anything to the contrary herein, 1) Base Salary severance payments and benefits and perquisites pursuant to this sub-paragraph shall not be made or provided by the Company for a period exceeding twenty-four months following the termination of employment; and 2) in the event that Executive shall breach any of the provisions of Sections 4, 5, 6 or 7 hereof, in addition to any other remedies the Company may have, the Company's obligation pursuant to this Section 4(d) to pay severance, bonus, and to continue certain benefits and perquisites shall cease and Executive's rights thereto shall terminate and shall be forfeited and Executive shall promptly reimburse and repay to Company any severance and bonus paid by the Company to Executive subsequent to the date of termination.

Termination By the Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Term for any reason other than as provided in Sections 4(a), (c), or 8 hereof, then the Company shall pay to Executive, 1) commencing with the date of termination of employment and continuing for the balance of the Term, severance pay equal to the Base Salary rate being paid to Executive immediately preceding the termination of employment, (which shall be paid at the times and in the amounts such Base Salary would have been paid if Executive had not been terminated); and 2) promptly following any termination under this sub-paragraph, pay to Executive his targeted bonus for the calendar year at issue (as such Target is established by the Company's then current bonus program) on a pro-rated basis through his last day of employment for such year. Executive shall receive no bonus in any subsequent year of the Term following termination. During the balance of Term following any termination under this sub-paragraph, Executive shall also continue to participate in and receive the medical, Executive medicalMedical, dental, and prescription drug insurance (or their substantial equivalents) benefits as provided for in Section 3 hereof to the same extent as if Executive's employment hereunder had not been terminated; provided, however, that notwithstanding anything to the contrary herein, 1) Base Salary severance payments and benefits and perquisites pursuant to this sub-paragraph shall not be made or provided by the Company for a period exceeding twenty-four months following the termination of employment; and 2) in the event that Executive shall breach any of the provisions of Sections 4, 5, 6 or 7 hereof, in addition to any other remedies the Company may have, the Company's obligation pursuant to this Section 4(d) to pay severance, bonus, and to continue certain benefits and perquisites shall cease and Executive's rights thereto shall terminate and shall be forfeited and Executive shall promptly reimburse and repay to Company any severance and bonus paid by the Company to Executive subsequent to the date of termination.