Common use of With Good Reason; Without Cause Clause in Contracts

With Good Reason; Without Cause. If during the Employment Period the Company shall terminate Executive’s employment without Cause or Executive shall terminate Executive’s employment for Good Reason, then the Company will provide Executive with the following payments and/or benefits: (i) The Company shall pay to Executive as soon as reasonably practicable but no later than sixty (60) days following the Date of Termination in a lump sum to the extent not previously paid, (A) the Annual Base Salary through the Date of Termination, and (B) the Bonus earned for any fiscal year ended prior to the year in which the Date of Termination occurs; provided, that Executive was employed on the last day of such fiscal year (“Accrued Obligations”); and (ii) The Company will pay Executive, an amount equal to 100% of the sum of (A) Executive’s Annual Base Salary and (B) Executive’s Target Bonus (the “Severance Payments”) such amounts to be paid on a monthly basis over a twenty-four (24) month period.

With Good Reason; Without Cause. If during the Employment Period Period, the Company shall terminate Executive’s employment without Cause or Executive shall terminate Executive’s his employment for Good Reason, then the Company will provide Executive with the following payments and/or benefits: (i) The Company shall pay to Executive as soon as reasonably practicable but no later than sixty (60) days following the Date of Termination in a lump sum to the extent not previously paid, (A) the Annual Base Salary through the Date of Termination, and (B) the Bonus earned for any fiscal year ended prior to the year in which the Date of Termination occurs; provided, provided that Executive was employed on the last day of such fiscal year (“Accrued Obligations”); and (ii) The Company will pay Executive, an amount equal to 100% of the sum of (A) Executive’s Annual Base Salary and (B) Executive’s Target Bonus (the “Severance Payments”) such amounts to be paid on a monthly basis over a twenty-four (24) month period.

With Good Reason; Without Cause. If during the Employment Period Period, the Company shall terminate Executive’s employment without Cause or Executive shall terminate Executive’s his employment for Good Reason, then the Company will provide Executive with the following payments and/or benefits: (i) The Company shall pay to Executive as soon as reasonably practicable but no later than sixty (60) days following the Date of Termination in a lump sum to the extent not previously paid, (A) the Annual Base Salary through the Date of Termination, and (B) the Bonus earned for any fiscal year ended prior to the year in which the Date of Termination occurs; provided, provided that Executive was employed on the last day of such fiscal year (“Accrued Obligations”); and (ii) The After the Date of Termination, the Company will pay Executive, in eight equal quarterly installments, an amount equal to 100% of two times the sum of (A) Executive’s Annual Base Salary and (B) Executive’s Target Bonus Bonus, such installments to be paid on the last day of the quarter following the quarter in which the Date of Termination occurs and on the last day of each of the next seven quarters (the “Severance Payments”) such amounts to be paid on a monthly basis over a twenty-four (24) month period).