Common use of TERMINATION BY THE COMPANY OTHER THAN FOR DEATH, DISABILITY OR CAUSE Clause in Contracts

TERMINATION BY THE COMPANY OTHER THAN FOR DEATH, DISABILITY OR CAUSE. This Agreement may be terminated by the Company for any reason and at any time; provided that if this Agreement is terminated by the Company for reasons other than death, Disability or Cause and other than as provided by Section 5.7 , then the Company shall pay to the Employee, in equal monthly installments (or as a lump sum based upon the present value of the future payments using the Company’s incremental borrowing rate), the Base Salary for one (1) year following such termination. Thereafter, the Company’s obligation to pay compensation of any kind pursuant to this Agreement shall expire. During such one (1) year period, as the case may be, the Company shall not be obligated to pay any additional amounts to the Employee pursuant to this Agreement. The entitlement of the Employee to benefits under a plan referred to in Section 3.5.2 upon such termination shall be determined in accordance with the provisions of such plan. If this Agreement is terminated by the Company for reasons other than death, Disability or Cause and other than as provided by Section 5.7 , then all of the stock options, rights or awards issued or granted to Employee pursuant to any incentive or stock option plan of the Company shall automatically and immediately vest and become exercisable in full.