Common use of Termination other than for Cause; Good Reason Clause in Contracts

Termination other than for Cause; Good Reason. If Employee's employment is terminated by the Company other than for Cause or if Employee terminates his employment due to a Good Reason, then Employee shall be entitled to receive severance pay from the Company in an amount equal to Employee's base salary for the six calendar month period immediately preceding the Termination Date. Any severance payment to which Employee is entitled pursuant to this Section shall be paid by the Company to Employee in cash and in full not later than thirty (30) calendar days following the Termination Date.

Termination other than for Cause; Good Reason. If Employee's ’s employment is terminated by the Company other than for Cause or if Employee terminates his Employee’s employment due to a Good Reason, then Employee shall be entitled to receive severance pay from the Company in an amount equal to Employee's ’s base salary for the six calendar month period immediately preceding the Termination Date. Any severance payment to which Employee is entitled pursuant to this Section shall be paid by the Company to Employee in cash and in full not later than thirty (30) calendar days following the Termination Date.