Common use of Without Cause by Employer; For Good Reason by Executive Clause in Contracts

Without Cause by Employer; For Good Reason by Executive. In the event that Executive's employment is terminated by Employer pursuant to Section 3.1.4 hereof or by Executive pursuant to Section 3.1.5 hereof, Executive shall be entitled to the following: (i) continuing payments of then current Base Salary for the following period (each such period as applicable, the "Severance Period"): (a) if such termination occurs prior to the first anniversary of the Effective Date, for the period beginning on the date of such termination and ending on the second anniversary of the Effective Date, or (b) if such termination occurs on or after the first anniversary of the Effective Date, for the twelve (12) month period following such termination; and (ii) continuing coverage under Employer's employee benefit plans during the Severance Period or if earlier, until Executive is covered under the employee benefit plans of another employer; (iii) the Accrued Amount, Prior Annual Bonuses, Expense Reimbursement and Accrued Benefits; and (iv) any unvested portion of any options previously granted to Executive that is scheduled to vest during the Severance Period shall vest immediately as of the date of such termination and Executive shall have the right to exercise all options that are fully vested as of the date of such termination (including, those vested by acceleration on the date of such termination) for the remainder of the term of such options as fully set forth in the applicable grant agreement.