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

Termination by the Company without Cause or for Good Reason. In the event Employee’s employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee and written acknowledgment of Employee’s continuing obligations under the Proprietary Information Agreement, Employee shall be entitled to receive the equivalent of twelve (12) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date of the Release. Provided that Employee is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve (12) months following a termination without Cause, the Company shall also reimburse Employee for the cost of COBRA premiums to be paid in order for Employee to maintain medical insurance coverage that is substantially equivalent to that which Employee received immediately prior to the termination provided, however, that the Company’s obligation to pay Employee’s COBRA premiums will cease immediately in the event Employee becomes eligible for group health insurance during the twelve (12) month period, and Employee hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation and COBRA reimbursement are collectively referred to as the “Severance Benefits”).

Termination by the Company without Cause or for Good Reason. In the event EmployeeExecutive’s employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee Executive resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee Executive and written acknowledgment of EmployeeExecutive’s continuing obligations under the Proprietary Information Agreement, Employee Executive shall be entitled to receive the equivalent of twelve six (126) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date of the Release. Provided that Employee Executive is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve six (126) months following a termination without Cause, the Company shall also reimburse Employee Executive for the cost of COBRA premiums to be paid in order for Employee Executive to maintain medical insurance coverage that is substantially equivalent to that which Employee Executive received immediately prior to the termination provided, however, that the Company’s obligation to pay EmployeeExecutive’s COBRA premiums will cease immediately in the event Employee Executive becomes eligible for group health insurance during the twelve six (126) month period, and Employee Executive hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation and COBRA reimbursement are collectively referred to as the “Severance Benefits”).

Termination by the Company without Cause or for Good Reason. In the event EmployeeExecutive’s employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee Executive resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee Executive and written acknowledgment of EmployeeExecutive’s continuing obligations under the Proprietary Information Agreement, Employee Executive shall be entitled to receive the equivalent of twelve (12) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date of the Release. Provided that Employee Executive is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve (12) months following a termination without Cause, the Company shall also reimburse Employee Executive for the cost of COBRA premiums to be paid in order for Employee Executive to maintain medical insurance coverage that is substantially equivalent to that which Employee Executive received immediately prior to the termination provided, however, that the Company’s obligation to pay EmployeeExecutive’s COBRA premiums will cease immediately in the event Employee Executive becomes eligible for group health insurance during the twelve (12) month period, and Employee Executive hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation and COBRA reimbursement are collectively referred to as the “Severance Benefits”).

Termination by the Company without Cause or for Good Reason. In the event Employee’s employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a11(a)) or Employee resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee and written acknowledgment of Employee’s continuing obligations under the Proprietary Information Agreement, Employee shall be entitled to receive the equivalent of twelve (12) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date of the Release. Provided that Employee is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve (12) months following a termination without Cause, the Company shall also reimburse Employee for the cost of COBRA premiums to be paid in order for Employee to maintain medical insurance coverage that is substantially equivalent to that which Employee received immediately prior to the termination provided, however, that the Company’s obligation to pay Employee’s COBRA premiums will cease immediately in the event Employee becomes eligible for group health insurance during the twelve (12) month period, and Employee hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation and COBRA reimbursement are collectively referred to as the “Severance Benefits”).

Termination by the Company without Cause or for Good Reason. In the event Employee’s Executive's employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee Executive resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee Executive and written acknowledgment of Employee’s Executive's continuing obligations under the Proprietary Information Agreement, Employee Executive shall be entitled to receive the equivalent of twelve eighteen (1218) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date effective date of the Release. Additionally, in the event that Executive is terminated without cause or for good reason, and subject to the same Release and acknowledgment of continuing obligations described above, Executive shall be entitled to receive a bonus in the amount equal to the most recently paid Bonus as described in Section 7. Provided that Employee Executive is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve eighteen (1218) months following a termination without Cause, the Company shall also reimburse Employee Executive for the cost of COBRA premiums to be paid in order for Employee Executive to maintain medical insurance coverage that is substantially equivalent to that which Employee Executive received immediately prior to the termination provided, however, that the Company’s 's obligation to pay Employee’s Executive's COBRA premiums will cease immediately in the event Employee Executive becomes eligible for group health insurance during the twelve eighteen (1218) month period, and Employee Executive hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation continuation, bonus and COBRA reimbursement are collectively referred to as the “Severance Benefits”). The Release shall not apply in the event that Executive does not accept the Severance Benefits.

Termination by the Company without Cause or for Good Reason. In the event Employee’s Executive's employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee Executive resigns for Good Reason (as defined herein) and upon the execution of a Release by Employee Executive and written acknowledgment of Employee’s Executive's continuing obligations under the Proprietary Information Agreement, Employee Executive shall be entitled to receive the equivalent of twelve twenty-four (1224) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date effective date of the Release. Additionally, in the event that Executive is terminated without cause or for good reason, and subject to the same Release and acknowledgment of continuing obligations described above, Executive shall be entitled to receive a bonus in the amount equal to the most recently paid Bonus as described in Section 7. Provided that Employee Executive is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve eighteen (1218) months following a termination without Cause, the Company shall also reimburse Employee Executive for the cost of COBRA premiums to be paid in order for Employee Executive to maintain medical insurance coverage that is substantially equivalent to that which Employee Executive received immediately prior to the termination provided, however, that the Company’s 's obligation to pay Employee’s Executive's COBRA premiums will cease immediately in the event Employee Executive becomes eligible for group health insurance during the twelve eighteen (1218) month period, and Employee Executive hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation continuation, bonus and COBRA reimbursement are collectively referred to as the “Severance Benefits”). The Release shall not apply in the event that Executive does not accept the Severance Benefits.

Termination by the Company without Cause or for Good Reason. In the event EmployeeExecutive’s employment is terminated without Cause (as defined herein) or due to death or disability (as provided in Section 10(a)) or Employee Executive resigns for Good Reason (as defined herein) and upon the execution of a Release in the form of Exhibit B by Employee Executive and written acknowledgment of EmployeeExecutive’s continuing obligations under the Proprietary Information Agreement, Employee Executive shall be entitled to receive the equivalent of twelve twenty-four (1224) months of his Base Salary as in effect immediately prior to the termination date, payable on the same basis and at the same time as previously paid and subject to employment tax withholdings and deductions, commencing on the first regularly scheduled pay date following the Effective Date of the Release. Provided that Employee Executive is eligible for and timely elects continuation of his health insurance pursuant to COBRA, for a period of twelve twenty-four (1224) months following a termination without Cause, the Company shall also reimburse Employee Executive for the cost of COBRA premiums to be paid in order for Employee Executive to maintain medical insurance coverage that is substantially equivalent to that which Employee Executive received immediately prior to the termination provided, however, that the Company’s obligation to pay EmployeeExecutive’s COBRA premiums will cease immediately in the event Employee Executive becomes eligible for group health insurance during the twelve twenty-four (1224) month period, and Employee Executive hereby agrees to promptly notify the Company if he becomes eligible to be covered by group health insurance in such event (the salary continuation and COBRA reimbursement are collectively referred to as the “Severance Benefits”). The Release shall not apply in the event that Executive does not accept the Severance Benefits.