Termination upon the Expiration of the Term. Upon termination of this Agreement upon the scheduled expiration of the Term pursuant to Section 3.4, above, Employer shall pay to Executive, on the Termination Date, an amount equal to (i) all accrued and unpaid salary and other compensation payable to Executive by Employer and all accrued and unused vacation and sick pay payable to Executive by Employer with respect to services rendered by Executive to Employer through the Termination Date; and, (ii) an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder.
Termination upon the Expiration of the Term. Upon termination of this Amended Agreement upon the scheduled expiration of the term pursuant to Section 3. above, the Company shall pay to Officer, on the Termination Date, a lump sum payment equal to (x) all accrued and unpaid salary and other compensation payable to Officer by the Company and all accrued and unused vacation and sick pay payable to Officer by the Company with respect to services rendered by Officer to the Company through the Termination Date, and (y) the amount Officer would have earned as Base Salary for the five years following the Termination Date. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, (x) all options to purchase the Common Stock of the Company which have been granted to Officer and which would have vested during the 24 months following the date of termination shall become immediately exercisable on the Termination Date and, notwithstanding any other agreement to the contrary, shall remain exercisable for the full term of each such option, and (y) the Company shall continue to provide to Officer all other benefits that would otherwise be payable to Officer pursuant to Sections 4.4.2, 4.4.3 and 4.4.4 hereof for the twelve months following the Termination Date.
Termination upon the Expiration of the Term. Upon termination of this Agreement upon the scheduled expiration of the Term pursuant to Section 3.4, above, Employer shall pay to Executive, on the Termination Date, a lump sum payment equal to all accrued and unpaid salary and other compensation payable to Executive by Employer and all accrued and unused vacation and sick pay payable to Executive by Employer with respect to services rendered by Executive to Employer through the Termination Date.
Termination upon the Expiration of the Term. If either the Company or the Executive gives notice pursuant to Section 1 of an election not to further extend the Term, the Executive’s employment shall terminate upon the expiration of the Term. If Executive’s employment terminates due to the Company’s election not to extend the Term, the Executive shall be entitled to receive the payments and benefits payable pursuant to Section 6(e) following a Termination by the Company Without Cause. If Executive elects not to extend the Term, the Executive shall be entitled to receive the Standard Termination Payments (as defined in Section 6(a)).
Termination upon the Expiration of the Term. In the event that Executive’s employment is terminated upon or subsequent to the expiration of the Term, the Executive shall be entitled to receive, without duplication, the Standard Termination Payments (as defined in Section 6(a)) plus, in lieu of any Incentive Compensation for the year in which such termination occurs, any Incentive Compensation Executive would have received for such year but for such termination of employment, payable as and when such Incentive Compensation would have been payable under Section 3(b).”
