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

Termination by the Company Without Cause or by the Executive for Good Reason. If the Company shall terminate the Executive’s employment without Cause, or the Executive shall terminate the Executive’s employment for Good Reason, the Executive shall be entitled to receive, as his exclusive right and remedy in respect of such termination: (i) the payment of (A) all Accrued Obligations, plus (B) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, at the time the Company pays its employees bonuses in accordance with its general payroll policies, the Pro Rata Bonus, plus (C) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, severance pay equal to Executive’s then current monthly Base Salary, payable in accordance with the Company’s regular pay schedule, for twelve (12) months from the date of termination of employment and (ii) the provision of the Welfare Benefit Continuation. Notwithstanding the foregoing, the obligation of the Company to make the payments provided for in Section 7(a)(i)(B) and Section 7(a)(i)(C) shall be contingent on the Executive executing a release of the Company and its principals, employees, agents, officers, directors, shareholders, managers, members, partners, professionals, affiliates and direct and indirect subsidiaries from any and all claims related to the Executive’s employment to the maximum extent permitted by law.

Termination by the Company Without Cause or by the Executive for Good Reason. If the Company shall terminate the Executive’s employment without Cause, or the Executive shall terminate the Executive’s employment for Good Reason, the Executive shall be entitled to receive, as his exclusive right and remedy in respect of such termination: (i) the payment of (A) all Accrued Obligations, plus (B) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, at the time the Company pays its employees bonuses in accordance with its general payroll policies, the Pro Rata Bonus, plus (C) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, severance pay equal to Executive’s then current monthly Base Salary, payable in accordance with the Company’s regular pay schedule, for twelve (12) months from the date remaining period of termination of employment the Employment Term, and (ii) the provision of the Welfare Benefit Continuation. Notwithstanding the foregoing, the obligation of the Company to make the payments provided for in Section 7(a)(i)(B) and Section 7(a)(i)(C) shall be contingent on the Executive executing a release of the Company and its principals, employees, agents, officers, directors, shareholders, managers, members, partners, professionals, affiliates and direct and indirect subsidiaries from any and all claims related to the Executive’s employment to the maximum extent permitted by law.

Termination by the Company Without Cause or by the Executive for Good Reason. If the Company shall terminate the Executive’s employment without Cause, or the Executive shall terminate the Executive’s employment for Good Reason, the Executive shall be entitled to receive, as his exclusive right and remedy in respect of such termination: (i) the payment of (A) all Accrued Obligations, plus (B) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, at the time the Company pays its employees bonuses in accordance with its general payroll policies, the Pro Rata Bonus, plus (C) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, severance pay equal to Executive’s then current monthly Base Salary, payable in accordance with the Company’s regular pay schedule, for twelve twenty-four (1224) months from the date of termination of employment and (ii) the provision of the Welfare Benefit Continuation. Notwithstanding the foregoing, the obligation of the Company to make the payments provided for in Section 7(a)(i)(B) and Section 7(a)(i)(C) shall be contingent on the Executive executing a release of the Company and its principals, employees, agents, officers, directors, shareholders, managers, members, partners, professionals, affiliates and direct and indirect subsidiaries from any and all claims related to the Executive’s employment to the maximum extent permitted by law.

Termination by the Company Without Cause or by the Executive for Good Reason. If the Company shall terminate the Executive’s employment without Cause, or the Executive shall terminate the Executive’s employment for Good Reason, the Executive shall be entitled to receive, as his exclusive right and remedy in respect of such termination: (i) the payment of (A) all Accrued Obligations, plus (B) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, at the time the Company pays its employees bonuses in accordance with its general payroll policies, the Pro Rata Bonus, plus (C) as long as the Executive does not violate the provisions of Section 8 and Section 9 hereof, severance pay equal to Executive’s then current monthly Base Salary, payable in accordance with the Company’s regular pay schedule, for twelve eighteen (1218) months from the date of termination of employment and (ii) the provision of the Welfare Benefit Continuation. Notwithstanding the foregoing, the obligation of the Company to make the payments provided for in Section 7(a)(i)(B) and Section 7(a)(i)(C) shall be contingent on the Executive executing a release of the Company and its principals, employees, agents, officers, directors, shareholders, managers, members, partners, professionals, affiliates and direct and indirect subsidiaries from any and all claims related to the Executive’s employment to the maximum extent permitted by law.