Common use of Termination of Executive Other Than for Cause Clause in Contracts

Termination of Executive Other Than for Cause. Post-Termination Payment. In the event Executive's employment is terminated by the Company other than for Cause or as set forth in Section 2 pursuant to a Notice of Nonextension, Executive shall be entitled to receive Executive's Salary, commissions and benefits earned in accordance with the Company's standard compensation policies through the date of termination, in addition to all other applicable reimbursable expenses and vested insurance benefits. In addition, the Company shall pay to Executive the greater of (i) Executive's Salary for the eighteen (18) months immediately following such termination and (ii) Executive's Salary for the number of months remaining in the Initial Term, determined by taking the arithmetic average of Executive's monthly Salary for the prior twenty four (24) months. These payments will be paid in accordance with the Company's normal payroll process or in one lump sum, at the option of the Company, within 30 days following the termination of Executive's employment.