Common use of Termination by the Company Without Just Cause Clause in Contracts

Termination by the Company Without Just Cause. In the event the Company terminates this Agreement prior to its expiration (including extensions as provided in Section 1.b) for any reason other than for Just Cause or the death or Disability (as defined in Section 7.e.) of Xxxxxxx, the Company shall: (i) Pay to Xxxxxxx within thirty (30) days after the Termination Date a lump sum severance payment equal to two times the sum of: (A) Xxxxxxx’x highest Base Salary during the previous two years of employment immediately preceding the Termination Date, plus (B) the highest Bonus paid to Xxxxxxx during the same two-year period, (ii) Pay to Xxxxxxx any unpaid expense reimbursement upon presentation by Xxxxxxx of an accounting of such expenses in accordance with normal Company practices, but no later than March 15 of the year following the year of termination, (iii) Vest any unvested Company stock options or restricted stock (excluding LTIP shares under the Company’s Long-Term Incentive Plan), (iv) Make any other payments or provide any benefits earned under this or any other employment agreement or plan, including the Company’s Long-Term Incentive Plan (including LTIP shares under the Company’s Long-Term Incentive Plan), and (v) Continue coverage of Xxxxxxx and any dependents covered at the time of termination under the Company’s group health plans at the Company’s cost throughout the period of time that Xxxxxxx is eligible for federal COBRA health continuation coverage.

Termination by the Company Without Just Cause. In the event the Company terminates this Agreement prior to its expiration (including extensions as provided in Section 1.b) for any reason other than for Just Cause or the death or Disability (as defined in Section 7.e.) of XxxxxxxLxxxx, the Company shall: (i) Pay to Xxxxxxx Lxxxx within thirty forty (3040) days after the Termination Date a lump sum severance payment equal to two times the sum of: (A) Xxxxxxx’x Lxxxx’x highest Base Salary during the previous two years of employment immediately preceding the Termination Date, plus (B) the highest Bonus paid to Xxxxxxx Lxxxx during the same two-year period, provided that if such Termination Date occurs during Lxxxx’x first two years of employment, then his target performance Bonus, as established by the Compensation Committee under the Company’s short-term incentive program, if higher. For this purpose, the Bonus shall exclude the Acquisition Bonus, (ii) Pay to Xxxxxxx Lxxxx any unpaid expense reimbursement upon presentation by Xxxxxxx Lxxxx of an accounting of such expenses in accordance with normal Company practices, but no later than March 15 of the year following the year of termination, (iii) Vest any unvested Company stock options or options, SARs, and restricted stock (excluding LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), (iv) Make any other payments or provide any benefits earned under this or any other employment agreement or plan, including the Company’s Longlong-Term Incentive Plan term incentive plan (including LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), and (v) Continue coverage of Xxxxxxx Lxxxx and any dependents covered at the time of termination under the Company’s group health plans at the Company’s cost throughout the period of time that Xxxxxxx Lxxxx is eligible for federal COBRA health continuation coverage.

Termination by the Company Without Just Cause. In the event the Company terminates this Agreement prior to its expiration (including extensions as provided in Section 1.b) for any reason other than for Just Cause or the death or Disability (as defined in Section 7.e.) of XxxxxxxBxxxxxxx, the Company shall: (i) Pay to Xxxxxxx Brookman within thirty forty (3040) days after the Termination Date Date, a lump sum severance payment equal to two times the sum of: (A) Xxxxxxx’x Bxxxxxxx’x highest Base Salary during the previous two years of employment immediately preceding the Termination Date, plus (B) the highest Bonus paid to Xxxxxxx Brookman during the same two-year period, (ii) Pay to Xxxxxxx Brookman any unpaid expense reimbursement upon presentation by Xxxxxxx Brookman of an accounting of such expenses in accordance with normal Company practices, but no later than March 15 of the year following the year of termination, (iii) Vest any unvested Company stock options or options, SARs, and restricted stock (excluding LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), (iv) Make any other payments or provide any benefits earned under this or any other employment agreement or plan, including the Company’s Longlong-Term Incentive Plan term incentive plan (including LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), and (v) Continue coverage of Xxxxxxx Bxxxxxxx and any dependents covered at the time of termination under the Company’s group health plans at the Company’s cost throughout the period of time that Xxxxxxx Bxxxxxxx is eligible for federal COBRA health continuation coverage.

Termination by the Company Without Just Cause. In the event the Company terminates this Agreement prior to its expiration (including extensions as provided in Section 1.b) for any reason other than for Just Cause or the death or Disability (as defined in Section 7.e.) of XxxxxxxXxxxxxxx, the Company shall: (i) Pay to Xxxxxxx Brookman within thirty (30) days after the Termination Date Date, a lump sum severance payment equal to two times the sum of: (A) Xxxxxxx’x Xxxxxxxx’x highest Base Salary during the previous two years of employment immediately preceding the Termination Date, plus (B) the highest Bonus paid to Xxxxxxx Brookman during the same two-year period, (ii) Pay to Xxxxxxx Brookman any unpaid expense reimbursement upon presentation by Xxxxxxx Brookman of an accounting of such expenses in accordance with normal Company practices, but no later than March 15 of the year following the year of termination, (iii) Vest any unvested Company stock options or restricted stock (excluding LTIP shares under the Company’s Long-Term Incentive Plan), (iv) Make any other payments or provide any benefits earned under this or any other employment agreement or plan, including the Company’s Long-Term Incentive Plan (including LTIP shares under the Company’s Long-Term Incentive Plan), and (v) Continue coverage of Xxxxxxx Xxxxxxxx and any dependents covered at the time of termination under the Company’s group health plans at the Company’s cost throughout the period of time that Xxxxxxx Xxxxxxxx is eligible for federal COBRA health continuation coverage.

Termination by the Company Without Just Cause. In the event the Company terminates this Agreement prior to its expiration (including extensions as provided in Section 1.b) for any reason other than for Just Cause or the death or Disability (as defined in Section 7.e.) of XxxxxxxSxxxxxx, the Company shall: (i) Pay to Xxxxxxx Sxxxxxx within thirty forty (3040) days after the Termination Date a lump sum severance payment equal to two times the sum of: (A) Xxxxxxx’x Sxxxxxx’x highest Base Salary during the previous two years of employment immediately preceding the Termination Date, plus (B) the highest Bonus paid to Xxxxxxx Sxxxxxx during the same two-year period, (ii) Pay to Xxxxxxx Sxxxxxx any unpaid expense reimbursement upon presentation by Xxxxxxx Sxxxxxx of an accounting of such expenses in accordance with normal Company practices, but no later than March 15 of the year following the year of termination, (iii) Vest any unvested Company stock options or options, SARs, and restricted stock (excluding LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), (iv) Make any other payments or provide any benefits earned under this or any other employment agreement or plan, including the Company’s Longlong-Term Incentive Plan term incentive plan (including LTIP shares under the Company’s Longlong-Term Incentive Planterm incentive plan), and (v) Continue coverage of Xxxxxxx Sxxxxxx and any dependents covered at the time of termination under the Company’s group health plans at the Company’s cost throughout the period of time that Xxxxxxx Sxxxxxx is eligible for federal COBRA health continuation coverage.