Common use of Unilateral and Good Reason Termination Clause in Contracts

Unilateral and Good Reason Termination. (Not Including Change of ------------------------------------------------------------------ Control). If the Executive's employment is terminated by the Company (other --------- than pursuant to Sections 6(a) or (b) hereof or as a result of nonrenewal of this Agreement), or if the Executive shall terminate his employment for Good Reason (except for a termination by the Executive due to a Change of Control as defined herein), then the Company shall pay the Executive one hundred twenty percent (120%) of his full Annual Direct Salary from the date of termination for the remaining term of this Agreement. The Company shall not be required to maintain employee benefit plans and programs to which the Executive was entitled prior to the date of termination. The parties acknowledge that twenty percent (20%) of such Annual Direct Salary payment referenced above represents the parties' best estimation of the value of such other benefits to which the Executive had been entitled prior to termination of his employment pursuant to this Section.

Unilateral and Good Reason Termination. (Not Including Change of ------------------------------------------------------------------ ---------------------------------------------------------------------- Control). If the Executive's employment is terminated by the Company (other --------- than pursuant to Sections 6(a) or (b) hereof or as a result of nonrenewal of this Agreement), or if the Executive shall terminate his employment for Good Reason (except for a termination by the Executive due to a Change of Control as defined herein), then the Company shall pay the Executive one hundred twenty percent (120%) of his full Annual Direct Salary from the date of termination for the remaining term of this Agreement. The Company shall not be required to maintain employee benefit plans and programs to which the Executive was entitled prior to the date of termination. The parties acknowledge that twenty percent (20%) of such Annual Direct Salary payment referenced above represents the parties' best estimation of the value of such other benefits to which the Executive had been entitled prior to termination of his employment pursuant to this Section.