Common use of Termination without Cause or by the Executive for Good Reason Clause in Contracts

Termination without Cause or by the Executive for Good Reason. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason: (i) The Executive shall be entitled to receive an amount equal to 12 months’ Annual Salary, Super Bonus based on achievement of the threshold set forth in Section 1.2(b)(iii), and Annual Bonus draws and payments based on the achievement of 100% of personal goals (“Severance Payment”). The Severance Payment shall be payable as salary continuation in accordance with the Company’s regular payroll schedule and Section 1.3(c)(iv).

Termination without Cause or by the Executive for Good Reason. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason: (i) The Executive shall be entitled to receive an amount equal to 12 months’ Annual Salary, Super Bonus based on achievement of the threshold set forth in Section 1.2(b)(iii), and Annual Bonus draws and payments based on the achievement of 100% of personal goals Salary (“Severance Payment”). The Severance Payment shall be payable as salary continuation in accordance with the Company’s regular payroll schedule and Section 1.3(c)(iv).

Termination without Cause or by the Executive for Good Reason. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason: (i) The Executive shall be entitled to receive an amount equal to 12 months’ Annual Salary, Super Bonus based on achievement of the threshold set forth in Section 1.2(b)(iii), Salary and Annual Bonus draws and payments based on the achievement of 100% of personal goals (“Severance Payment”). The Severance Payment shall be payable as salary continuation in accordance with the Company’s regular payroll schedule and Section 1.3(c)(iv).

Termination without Cause or by the Executive for Good Reason. If the Executive’s employment with the Company is terminated prior to the end of the term under Section 1.3(a), by the Company without Cause or by the Executive for Good Reason: (i) The Executive shall be entitled to receive an amount equal to 12 months’ Annual Salary, Super Bonus based on achievement of the threshold set forth in Section 1.2(b)(iii), Salary and Annual Bonus draws and payments based on the achievement of 100% of personal goals (“Severance Payment”). The Severance Payment shall be goals, payable as salary continuation in accordance with the Company’s regular payroll schedule and Section 1.3(c)(iv)continuation.