Common use of Termination Payments and Benefits Clause in Contracts

Termination Payments and Benefits. If the Executive's employment hereunder is involuntarily terminated by the Company (including any deemed involuntary termination pursuant to Section 8(a)) other than for Cause (as defined herein) prior to the end of the term of this Agreement as in effect from time to time, then the Company shall, subject to subsection 9(a) hereof, be obligated to pay to the Executive an amount equal to the product of (i) the greater of (A) the Executive's annual base salary in effect on the day preceding the date of such termination or (B) the Executive's annual base salary during the twelve full calendar months preceding the date of such termination, times (ii) three (3) (such amount hereinafter referred to as the "Termination Payment Amount").

Termination Payments and Benefits. If the Executive's ’s employment hereunder is involuntarily terminated by the Company (including for any deemed involuntary termination pursuant to Section 8(a)) reason other than for Cause (as defined herein) prior to the end or if Executive voluntarily terminates his own employment for Good Reason, as defined in Section 10(a) but not including a Change of the term of this Agreement as in effect from time to timeControl, then the Company shall, subject to subsection 9(a1l(a) hereof, be obligated to pay to the Executive an amount equal to the product of (i) the greater of (A) the Executive's ’s annual base salary in effect on the day preceding the date of such termination or (B) the Executive's ’s annual base salary during the twelve full calendar months preceding the date of such termination, times (ii) three (3) (such amount hereinafter referred to as the "“Termination Payment Amount"”).