Common use of Termination in General Clause in Contracts

Termination in General. If Executive’s employment with the Company is terminated for any reason (whether by the Company or Executive), then Executive (or his authorized representative or estate, if applicable) shall be entitled to: (i) any Base Salary earned through the Termination Date, payout of any remaining unused PTO for the year during which the Termination Date occurs (subject to and in accordance with Section 4 of this Agreement), and any unpaid expense reimbursements through the Termination Date (subject to and in accordance with Section 5 of this Agreement), to be paid on or before the time required by law but in no event more than 30 days after the effective date of such termination; and (ii) any vested benefits Executive may have accrued under any employee benefit plan (including any Company or Company Affiliate’s qualified retirement plan or other written benefit plan applicable to Executive) through the Termination Date, which vested benefits will be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Vested Rights”). In addition, Executive and Executive’s qualified beneficiaries, if participating in the Company’s or its Affiliate’s group health insurance plan immediately before the Termination Date, shall be entitled to elect continuation coverage at Executive’s sole expense under the federal law known as COBRA or similar state law (if applicable), in accordance with and subject to the terms, conditions and requirements of such applicable law.

Termination in General. If Executive’s employment with the Company is terminated for any reason (whether by the Company or Executive), then Executive (or his authorized representative or estate, if applicable) shall be entitled to: (i) any Base Salary earned through the Termination Date, payout of any remaining unused PTO for the year during which the Termination Date occurs (subject to and in accordance with Section 4 of this Agreement), and any unpaid expense reimbursements through the Termination Date (subject to and an in accordance with Section 5 of this Agreement), to be paid on or before the time required by law but in no event more than 30 days after the effective date of such termination; and (ii) any vested benefits Executive may have accrued under any employee benefit plan (including any Company or Company Affiliate’s qualified retirement plan or other written benefit plan applicable to Executive) through the Termination Date, which vested benefits will be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Vested Rights”). In addition, Executive and Executive’s qualified beneficiaries, if participating in the Company’s or its Affiliate’s group health insurance plan immediately before the Termination Date, shall be entitled to elect continuation coverage at Executive’s sole expense under the federal law known as COBRA or similar state law (if applicable), in accordance with and subject to the terms, conditions and requirements of such applicable law.