Common use of Termination by the Company with Notice Clause in Contracts

Termination by the Company with Notice. In the event the Executive’s employment hereunder is terminated by the Company pursuant to the provisions of Section 2.1(d) hereof, the Executive shall be entitled to receive (i) the Accrued Obligation; (ii) the Executive’s Salary through the date of termination of the Executive’s employment for periods following the Executive’s Separation From Service, to the extent not theretofore paid; and (iii) an amount equal to the Executive’s full monthly Salary payable for eighteen (18) months. The Company shall pay the Executive the Accrued Obligation in a lump sum in cash within thirty (30) days after the termination of the Executive’s employment hereunder. The Company shall pay the Executive the amounts specified in clauses (ii), and (iii) of the first sentence of this Section 2.2(b) within thirty (30) days following the Executive’s Separation From Service if the Executive is not a Specified Employee or on the date that is six (6) months following the date of the Executive’s Separation From Service if the Executive is a Specified Employee.