Payments upon Certain Terminations of Employment. If, during the term of this Agreement (including any renewal thereof), Employee’s employment is terminated, Employee shall be entitled to receive the following:
Payments upon Certain Terminations of Employment. If the Executive is terminated by the Company without Cause (other than for Disability, as defined in the Company’s Executive Severance Plan), the Executive resigns with Good Reason (as defined in the Company’s Executive Severance Plan), or the Executive terminates employment with the Company due to remaining continuously employed by the Company through the expiration of the Employment Term, the Executive shall be entitled to the following, in addition to the Accrued Amounts:
Payments upon Certain Terminations of Employment. In the event Company terminates the employment of Executive For Good Cause, Company shall have no obligation to pay to Executive any sum for the period after such date, other than payment of any unpaid portion of Executive’s base salary for the period ending on the date of such termination. In the event Company terminates the employment of Executive for any reason other than For Good Cause or other than pursuant to Paragraphs 6(a) or 6(b), or in the event the Executive terminates his employment For Good Reason, Company shall pay Executive an amount equal to twelve (12) months of his then base salary, which sum shall be payable on a bi-weekly basis from and after the date of Executive’s termination. The sums payable to Executive under this Paragraph 7(c) are hereinafter referred to as “Severance Payments,” and shall only be payable upon Executive’s execution and delivery of a release in form and content acceptable to Company’s Board of Directors.
Payments upon Certain Terminations of Employment. In the event Company terminates the employment of Executive For Good Cause, Company shall have no obligation to pay to Executive any sum for the period after such date, other than payment of any unpaid portion of Executive’s base salary for the period ending on the date of such termination, and any unvested shares of Common Stock under the Equity Award shall be forfeited. In the event Company terminates the employment of Executive for any reason other than For Good Cause or other than pursuant to Paragraphs 6(a) or 6(b), or in the event the Executive terminates his employment For Good Reason, Company shall pay Executive an amount equal to twelve (12) months of his then base salary, which sum shall be payable on a bi-weekly basis from and after the date of Executive’s termination, and any unvested shares of Common Stock Equity Award shall immediately vest and be issued upon the Issuance Date. The sums payable to Executive under this Paragraph 7(c) are hereinafter referred to as “Severance Payments,” and shall only be payable upon Executive’s execution and delivery of a release in form and content acceptable to Company’s Board of Directors.
Payments upon Certain Terminations of Employment. If (i) this Agreement expires, or (b) Company terminates the employment of Employee For Cause, Company shall have no obligation to pay to Employee any sum for the period after the date of such termination of employment, other than the payment of that portion of Employee’s then base salary for the period ending on the date of such termination of employment. If Company terminates the employment of Employee for any reason other than For Cause or other than pursuant to Paragraphs 5(a) or 5(b), Company shall in addition pay to Employee any commissions actually earned by Employee before the date of termination, plus an amount equal to one (1) week’s then base salary for every twelve (12) months of employment assuming Employee’s employment with Company commenced as of February 26, 1987, but in no event more than six (6) months then base salary, which sum shall be payable on a bi-weekly basis from and after the date of Employee’s termination. If Employee terminates his employment For Good Reason, Company shall pay to the Employee the portion of Employee’s then base salary for the period ending on the date of such termination of employment, any commissions actually earned by Employee before the date of termination, plus an amount equal to one (1) week’s then base salary for every twelve (12) months of employment assuming Employee’s employment with Company commenced as of February 26, 1987, but in no event more than six (6) months then base salary, which sum shall be payable on a bi-weekly basis from and after the date of Employee’s termination. The sums payable to Employee other than base salary and actual commissions earned are hereinafter referred to in this Agreement as the “Severance Payment” and shall only be payable upon execution and delivery of a release in form and content acceptable to Company.
Payments upon Certain Terminations of Employment
