Common use of Termination for Cause, Death or Disability or Termination by Executive Clause in Contracts

Termination for Cause, Death or Disability or Termination by Executive. In the event that Executive’s employment hereunder is terminated during the Term by the Company for Cause, as a result of Executive’s death or Disability, or voluntarily by Executive without Good Reason, the Company shall compensate Executive (or in the case of death, Executive’s estate) as follows: on the date of termination, the Company shall pay Executive a lump sum amount equal to (i) any portion of unpaid Base Compensation then due for periods prior to the effective date of termination; (ii) any Bonus and Options earned and not yet paid or granted, as applicable, through the date of termination; and (iii) within 2-1/2 months following submission of proper expense reports by Executive or Executive’s estate, all expenses reasonably and necessarily incurred by Executive in connection with the business of the Company prior to the date of termination.

Termination for Cause, Death or Disability or Termination by Executive. In the event that Executive’s employment hereunder is terminated during the Term by the Company for Cause, as a result of Executive’s death or Disability, or voluntarily by Executive without Good Reason, the Company shall compensate Executive (or in the case of death, Executive’s estate) as follows: on the date of termination, the Company shall pay Executive a lump sum amount equal to (i) any portion of unpaid Base Compensation then due for periods prior to the effective date of termination; (ii) any Bonus Bonus, Options and Additional Options earned and not yet paid or granted, as applicable, through the date of termination; and (iii) within 2-1/2 months following submission of proper expense reports by Executive or Executive’s estate, all expenses reasonably and necessarily incurred by Executive in connection with the business of the Company prior to the date of termination.

Termination for Cause, Death or Disability or Termination by Executive. In the event that Executive’s employment engagement hereunder is terminated during the Engagement Term by the Company for CauseCause pursuant to Section 8(a), as a result of Executive’s death or DisabilityDisability pursuant to Section 8(c), or voluntarily by Executive without Good ReasonExecutive, the Company shall compensate Executive (or in the case of death, Executive’s estate) as follows: on the date of termination, termination the Company shall pay to the Executive a lump sum amount equal to (i) any portion of unpaid Base Compensation then due for periods prior to the effective date of termination; (ii) any Bonus and Options and/or Realization Bonus earned and not yet paid or granted, as applicable, through the date of termination; and (iii) within 2-1/2 months 1 month following submission of proper expense reports by Executive or Executive’s estate, all expenses reasonably and necessarily incurred by Executive in connection with the business of the Company prior to the date of termination.

Termination for Cause, Death or Disability or Termination by Executive. In the event that Executive’s employment engagement hereunder is terminated during the Engagement Term by the Company for CauseCause pursuant to Section 9(a), as a result of Executive’s death or DisabilityDisability pursuant to Section 9(c), or voluntarily by Executive without Good ReasonExecutive, the Company shall compensate Executive (or in the case of death, Executive’s estate) as follows: on the date of termination, termination the Company shall pay to the Executive, if the Executive instructs the Company in writing, a lump sum amount equal to (i) any portion of unpaid Base Compensation then due for periods prior to the effective date of termination; (ii) any Bonus and Options earned and not yet paid or granted, as applicable, through the date of termination; and (iii) within 2-1/2 months following submission of proper expense reports by Executive or Executive’s estate, all expenses reasonably and necessarily incurred by Executive in connection with the business of the Company prior to the date of termination.