Termination by the Employer without Cause or by the Employee with Good Reason. If the Employee’s employment is terminated by the Employer without Cause as provided in Section 4(d), or the Employee terminates his employment for Good Reason as provided in Section 4(e), or the Employee terminates employment at the end of the Term after the Employer provides notice of intent not to renew pursuant to Section 1 for reasons other than would provide grounds for a Cause termination, then, (i) the Employer shall, through the Date of Termination, pay the Employee his or her Accrued Benefits, and (ii) if the Employee signs a general release of claims substantially in the form which is attached as Exhibit A to this Agreement) (the “Release”) within twenty-one (21) days of the receipt of the form of the Release (extended to forty-five (45) days in the event of a group termination or exit incentive program) and does not revoke such Release during the seven-day revocation period:
Termination by the Employer without Cause or by the Employee with Good Reason. If the Employee’s employment is terminated by the Employer without Cause as provided in Section 4(d), or the Employee terminates his employment for Good Reason as provided in Section 4(e), or the Employer provides notice of intent not to renew pursuant to Section 1, then the Employer shall, through the Date of Termination, pay the Employee his or her Accrued Benefits, and any of the Employee’s vested benefits under any employee benefit plan of the Employer shall be paid to the Employee under the terms of the applicable plan. If the Employee signs a general release of claims in a form and manner satisfactory to the Employer (an example of which is attached as Exhibit A to this Agreement) (the “Release”) within 21 days of the receipt of the form of the Release (extended to 45 days in the event of a group termination or exit incentive program) and does not revoke such Release during the seven-day revocation period:
Termination by the Employer without Cause or by the Employee with Good Reason. If the Employee’s employment is terminated by the Employer without Cause as provided in Section 4(d), or the Employee terminates his employment for Good Reason as provided in Section 4(e), then (x) the Employer shall, through the Date of Termination, pay the Employee his or her Accrued Benefits, and (y) if the Employee signs a general release of claims on a form provided by the Employer for such purpose (the “Release”) within twenty-one (21) days of the receipt of the form of the Release (extended to forty-five (45) days in the event of a group termination or exit incentive program) and does not revoke such Release during the seven-day revocation period:
Termination by the Employer without Cause or by the Employee with Good Reason. If the Employee is terminated without Cause or Employee terminates his employment with Good Reason, Employee will be entitled to receive the salary and insurance allowance that would have been payable for the remainder of the term of this Agreement. Employee’s right to receive the continued salary payments under this Section 5.
Termination by the Employer without Cause or by the Employee with Good Reason. (a) The employment of the Employee hereunder may be terminated by the Employer at any time during the Term without Cause, or by the Employee upon the occurrence during the Term of an event constituting Good Reason. For purposes of this Agreement, “Good Reason” shall mean: (i) any reduction in the Employee’s authority, functions, duties, or responsibilities; (ii) any adverse change in the Employee’s positions, titles or reporting responsibility (such that the Employee reports to a person other than the COO or person having comparable responsibilities); (iii) the assignment of duties to the Employee that are inconsistent with the Employee’s position and status as Senior Vice President, Finance, Chief Financial Officer and Corporate Controller (CFO) of the Employer; provided, however, that the provisions in clauses (i), (ii) and (iii) of this paragraph shall not include a change in the Employee’s authority, functions, duties, responsibilities, positions, titles or reporting responsibility following a Change in Control (as defined in the Employer’s 2007 Stock Incentive Plan) solely by virtue of the Employer being acquired and made part of a larger entity (as, for example, if the Employee is not appointed as Senior Vice President, Finance, Chief Financial Officer and Corporate Controller (CFO) of the acquiring corporation, but continues to have a substantially similar level of responsibility over the affairs of the Employer following such Change in Control); (iv) a reduction in the Base Salary during the Term or a material reduction in the Employee’s bonus opportunity during the Term; (v) any other material breach of this Agreement by the Employer; or (vi) the Employee’s relocation by the Employer or a successor thereto without the Employee’s written consent to a location other than Bethesda, Maryland; provided that in the case of (i) through (v) above, the Employer has failed to cure the event constituting Good Reason within thirty (30) days following written notice thereof from the Employee.
