Voluntary Termination or Termination for Business Reasons. If during the Employment Term (i) Executive voluntarily terminates his employment or elects not to extend the Employment Term (other than pursuant to Section 6.E of this Agreement), or (ii) Executive is terminated involuntarily for Business Reasons, then in any such event Executive shall be entitled to receive the following: (A) Base Salary and accrued vacation through the Termination Date only, (B) the right to exercise for thirty (30) days following the Termination Date (or such longer or shorter period as may be provided in the applicable stock option plan or agreement) all outstanding stock options held by Executive, but only to the extent such options were vested as of the Termination Date, (C) to the extent COBRA shall be applicable to the Company, continuation of group health benefits pursuant to the Company's standard programs as in effect from time to time (or continuation of substantially similar benefits through a third party carrier, at the Company's election), for a period of 18 months (or such longer period as may be applicable under the Company's policies then in effect) following the Termination Date provided that Executive makes the appropriate conversion and payments, and (D) no further severance, benefits or other compensation.
Appears in 5 contracts
Samples: Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp), Employment Agreement (High Speed Access Corp)
