Common use of Termination Without Cause and Resignation for Good Reason Clause in Contracts

Termination Without Cause and Resignation for Good Reason. In the event of Termination Without Cause or Resignation For Good Reason pursuant to Sections 4(a)(iv) and 4(a)(vi) of this Agreement, Executive shall be entitled to receive in cash, subject to Section 4(c)(ii) of this Agreement: (A) an amount equal to any Accrued Salary; (B) an amount equal to any Accrued Bonus; and (C) an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate then in effect) payable monthly for the period commencing on the Termination Date and ending 12 months after the Termination Date.

Termination Without Cause and Resignation for Good Reason. In the event of Termination Without Cause or Resignation For Good Reason pursuant to Sections 4(a)(iv) and 4(a)(vi) of this Agreement, Executive shall be entitled to receive in cash, subject to Section 4(c)(ii) of this Agreement: (A) an amount equal to any Accrued Salary; (B) an amount equal to any Accrued Bonus; and (C) Salary Continuation in an amount equal to one-twelfth twelve (12) months of Executive’s annual Salary hereunder (at the rate then in effect) , payable monthly bi-weekly in accordance with the Company’s then-existing payroll practices for the period a Salary Continuation Period commencing on the Termination Date and ending 12 twelve (12) months after the Termination Date.

Termination Without Cause and Resignation for Good Reason. In the event of Termination Without Cause or Resignation For Good Reason pursuant to Sections 4(a)(iv) and 4(a)(vi) of this Agreement, Executive shall be entitled to receive in cash, subject to Section 4(c)(ii) of this Agreement: (A) an amount equal to any Accrued Salary; (B) an amount equal to any Accrued Bonus; and (C) an amount equal to one-twelfth of Executive’s annual Salary hereunder (at the rate then in effect) payable monthly for the period commencing on the Termination Release Effective Date and ending 12 months after the Termination DateRelease Effective Date (collectively, the “Severance Payments”).