Common use of Termination of Employment for Any Reason Clause in Contracts

Termination of Employment for Any Reason. The following payments shall be made upon the Executive’s termination of employment for any reason: (i) Earned but unpaid Base Salary through the date of termination, payable according to payroll practices then in effect for all officers of the Company; (ii) Any annual incentive plan bonus for which the performance measurement period has ended, but that is unpaid at the time of termination, payable at the same time that annual incentive plan bonus payments for such year (if any) are made to other participants with respect to such year, and in all events within the two and one-half (2½) months following the end of the year in respect of which the bonus is earned; (iii) Any accrued but unpaid vacation, payable according to payroll practices then in effect for all officers of the Company; (iv) Any amounts payable under any of the Company’s benefit plans in accordance with the terms of those plans, except as may be required under Code Section 401(a)(13); and (v) Unreimbursed business expenses incurred prior to the date of termination and appropriately documented by the Executive on the Company’s behalf, payable within thirty (30) days following submission of appropriate documentation, but in no event later than sixty (60) days following the date of termination.

Termination of Employment for Any Reason. The following payments shall be made upon the Executive’s termination of employment for any reason: (i) Earned but unpaid Base Salary through the date of termination, payable according to payroll practices then in effect for all officers of the Company; (ii) Any annual incentive plan bonus for which the performance measurement period has ended, but that is unpaid at the time of termination, payable at the same time that annual incentive plan bonus payments for such year (if any) are made to other participants with respect to such year, and in all events within the two and one-half (2½2’/2) months following the end of the year in respect of which the bonus is earned; (iii) Any accrued but unpaid vacation, payable according to payroll practices then in effect for all officers of the Company; (iv) Any amounts payable under any of the Company’s benefit plans in accordance with the terms of those plans, except as may be required under Code Section 401(a)(13); and (v) Unreimbursed business expenses incurred prior to the date of termination and appropriately documented by the Executive on the Company’s behalf, payable within thirty (30) days following submission of appropriate documentation, but in no event later than sixty (60) days following the date of termination.