Common use of Termination Payments/Benefits Clause in Contracts

Termination Payments/Benefits. If your employment terminates ----------------------------- under Paragraph 8(b), you will thereafter receive, less applicable withholding taxes, and conditioned on your execution of a General Release and Waiver of Claims substantially in the form attached hereto as an Addendum: (i) your Salary, as in effect on the date on which your employment terminates, for thirty-six (36) months after the date of such termination, paid in accordance with Blockbuster's then effective payroll practices; (ii) bonus compensation for the calendar year in which such termination occurs, payable by the end of the first quarter of the following year, determined as follows: (x) for the portion of the calendar year from January 1st until the date of the termination, bonus compensation will be determined in accordance with the STIP (i.e., based on --- Blockbuster's achievement of specified goals and Blockbuster's good faith estimate of your achievement of your personal goals, if applicable) and prorated for such period; and

Termination Payments/Benefits. If your employment terminates ----------------------------- under Paragraph 8(b), you will thereafter receive, less applicable withholding taxes, and conditioned on your execution of a General Release and Waiver of Claims substantially in the form attached hereto as an Addendum: (i) your Salary, as in effect on the date on which your employment terminates, for thirty-six (36) months after the date of such termination, paid in accordance with Blockbuster's then effective payroll practices; (ii) bonus compensation for the calendar year in which such termination occurs, payable by the end of the first quarter of the following year, determined as follows: (x) for the portion of the calendar year from January 1st /1/st until the date of the termination, bonus compensation will be determined in accordance with the STIP (i.e., based on --- Blockbuster's achievement of specified goals and Blockbuster's good faith estimate of your achievement of your personal goals, if applicable) and prorated for such period; and

Termination Payments/Benefits. If your employment terminates ----------------------------- under Paragraph 8(b), you will thereafter receive, less applicable withholding taxes, and conditioned on your execution of a General Release and Waiver of Claims substantially in the form attached hereto as an Addendum: (i) your Salary, as in effect on the date on which your employment terminates, for thirtytwenty-six four (3624) months after the date of such termination, paid in accordance with Blockbuster's then effective payroll practices; (ii) bonus compensation for the calendar year in which such termination occurs, payable by the end of the first quarter of the following year, determined as follows: (x) for the portion of the calendar year from January 1st until the date of the termination, bonus compensation will be determined in accordance with the STIP (i.e., based on --- Blockbuster's achievement of specified goals and Blockbuster's good faith estimate of your achievement of your personal goals, if applicable) and prorated for such period; and

Termination Payments/Benefits. If your employment terminates under ----------------------------- under Paragraph 8(b), you will thereafter receive, less applicable withholding taxes, and conditioned on your execution of a General Release and Waiver of Claims substantially in the form attached hereto as an Addendum: (i) your Salary, as in effect on the date on which your employment terminates, for thirty-six (36) months after the date of such termination, paid in accordance with Blockbuster's then effective payroll practices; (ii) bonus compensation for the calendar year in which such termination occurs, payable by the end of the first quarter of the following year, determined as follows: (x) for the portion of the calendar year from January 1st until the date of the termination, bonus compensation will be determined in accordance with the STIP (i.e., based on --- ---- Blockbuster's achievement of specified goals and Blockbuster's good faith estimate of your achievement of your personal goals, if applicable) and prorated for such period; and