Common use of WITHOUT CAUSE BY EMPLOYER; MATERIAL BREACH BY EMPLOYER; ELECTION NOT TO RENEW Clause in Contracts

WITHOUT CAUSE BY EMPLOYER; MATERIAL BREACH BY EMPLOYER; ELECTION NOT TO RENEW. BY EMPLOYER. In the event that the Employment Term is terminated by Executive pursuant to Section 3.2.6 hereof or Employer elects not to renew this Agreement at any time pursuant to Section 3.1 hereof, the Company shall pay the Executive six (6) months of annual Base Salary in effect at that date, plus any earned bonuses that the Executive may be entitled to. If such termination is effective at any time after a Change of Control (as defined in Section 3.4.1 hereof) of the Employer, it shall pay to Executive, subject to Executive's continued compliance with the terms of Section 4 hereof, any unpaid but earned Base Salary through the Date of Termination PLUS an amount equal to one (1) time annual Base Salary in effect at such applicable time (the "Severance Amount"). Additionally, any bonuses that are due to the Executive shall be paid by Employer to Executive. Any payments made in accordance with this Section 3.3.2 shall be made in a lump sum payment at a convenient date no later than fourteen (14) days after the termination date.

WITHOUT CAUSE BY EMPLOYER; MATERIAL BREACH BY EMPLOYER; ELECTION NOT TO RENEW. BY EMPLOYER. In the event that the Employment Term is terminated by Executive pursuant to Section 3.2.6 hereof or Employer elects not to renew this Agreement at any time pursuant to Section 3.1 hereof, the Company shall pay the Executive six twelve (612) months of annual Base Salary in effect at that date, plus any earned bonuses that the Executive may be entitled to. If such termination is effective at any time after a Change of Control (as defined in Section 3.4.1 hereof) of the Employer, it shall pay to Executive, subject to Executive's continued compliance with the terms of Section 4 hereof, any unpaid but earned Base Salary through the Date of Termination PLUS an amount equal to one two (12) time times annual Base Salary in effect at such applicable time (the "Severance Amount"). Additionally, any bonuses that are due to the Executive shall be paid by Employer to Executive. Any payments made in accordance with this Section 3.3.2 shall be made in a lump sum payment at a convenient date no later than fourteen (14) days after the termination date.

WITHOUT CAUSE BY EMPLOYER; MATERIAL BREACH BY EMPLOYER; ELECTION NOT TO RENEW. BY EMPLOYER. In the event that the Employment Term is terminated by Executive pursuant to Section 3.2.6 hereof or Employer elects not to renew this Agreement at any time pursuant to Section 3.1 hereof, the Company shall pay the Executive six (6) months of annual Base Salary in effect at that date, plus any earned bonuses that the Executive may be entitled to. If or if such termination is effective at any time after a Change of Control (as defined in Section 3.4.1 hereof) of the Employer, it shall pay to Executive, subject to Executive's continued compliance with the terms of Section 4 hereof, any unpaid but earned Base Salary through the Date of Termination PLUS an amount equal to one two (12) time times annual Base Salary in effect at such applicable time (the "Severance Amount"). Additionally, any bonuses that are due to the Executive shall be paid by Employer to Executive. Any payments made in accordance with this Section 3.3.2 shall be made in a lump sum payment at a convenient date no later than fourteen (14) days after the termination date.