Severance Payments and Other Matters Related to Termination. (a) Termination pursuant to Section 4(b), 4(c), or 4(e). Except as provided in Section 5(c) below, and subject to Section 5(f) and Section 5(g) below,
Severance Payments and Other Matters Related to Termination. (a) In the event of termination of your employment by the Company without cause, for the remaining term of this agreement, the Company will continue to pay you your base salary (“severance payments”) and will continue to contribute to the premium cost of your health insurance on the same terms and conditions as it contributes for active employees provided that you make a timely election under the federal law known as “COBRA”. The Company may, in its sole discretion, elect to cease the continuation of base salary and contributions toward health insurance premiums at any point after you have received six (6) months of base salary continuation and health insurance contributions provided that it also releases you from your remaining obligation under Section 3(c)(i) above. The Company will also pay you on the date of termination any base salary earned but not paid through the date of termination and pay for any vacation time accrued but not used to that date. In addition, the Company will pay you any bonus compensation and profit sharing payment to which you are entitled in accordance with Sections 2(c) and 2(d) above, prorated to the date of termination and payable at the time such monies are payable to Company executives generally. Any obligation of the Company to provide you severance payments or other payments or benefits under this Section 5(a) is conditioned, however, upon your signing a release of claims in the form provided by the Company (the “Employee Release”) substantially in the form of the attached Exhibit A and upon your not revoking the Employee Release thereafter. All severance payments will be in the form of salary continuation, payable in accordance with the normal payroll practices of the Company, and will begin at the Company’s next regular payroll period following the effective date of the Employee Release, but shall be retroactive to the date of termination. Notwithstanding anything else contained in this agreement, no bonus or severance payments or other payments or benefits will be due and payable under any provision of this Section 5(a) until the next regular Company payday following the effective date of the Employee Release.
Severance Payments and Other Matters Related to Termination. (a) In the event of termination of the Executive’s employment by the Company other than for Cause or the Executive’s termination of employment for Good Reason, (i) the Executive shall be entitled to receive a lump sum cash severance amount equal to fifty (50%) percent of Executive’s then current annual salary (the “Severance Payments”), (ii) any earned but unpaid bonus payment, (iii) reimbursement of the health and dental care continuation premiums for Executive and Executive’s dependents incurred by Executive to effect continuation of health and dental insurance coverage for Executive and Executive’s dependents on the same basis as active employees, for a period of twelve (12) months from the date of such termination, to the extent that Executive is eligible for and elects continuation coverage under COBRA; and (iv) any accrued and unused vacation pay payable within twenty one (21) calendar days of the termination date (subject to required withholding). Any obligation of the Company to provide the Executive severance payments under this Section 5(a) is conditioned, however, upon the Executive signing a release of claims in the form provided by the Company and reasonably acceptable to Executive within twenty-one (21) days of the date on which the Executive gives or receives, as applicable, notice of termination of employment and upon the Executive’s not revoking the Employee Release thereafter. The Employee Release will also include a mutual release by the Company of any claims against the Executive.
Severance Payments and Other Matters Related to Termination. (a) Termination pursuant to Section 4(b) or 4(c). Except as provided in Section 5(c) below, in the event of termination of the Executive’s employment either by the Company other than for Cause pursuant to Section 4(b) of this Agreement or by the Executive for Good Reason pursuant to Section 4(c) of this Agreement:
Severance Payments and Other Matters Related to Termination. (a) Severance Payments, if any, are provided as set forth in Exhibit B.
Severance Payments and Other Matters Related to Termination. (a) In the event of termination of your employment with the Company, howsoever occurring, in addition to any amounts previously earned by you under any of the Company’s retirement plans or expressly required to be paid by the Company under applicable law, the Company shall pay you (i) your Base Salary (at the rate then in effect) for the final payroll period of your employment, through the date your employment terminates at the time prescribe by applicable law for such payment; and (ii) reimbursement for business expenses incurred by you but not yet paid to you as of the date your employment terminates; provided you submit all expenses and supporting documentation required within sixty (60) days of the date your employment terminates, and provided further that such expenses are reimburseable under Company policies as then in effect (all of the foregoing, “Final Compensation”).
Severance Payments and Other Matters Related to Termination. (a) Termination pursuant to Section 4(b) or 4(c). Except as provided in Section 5(c) below, in the event of termination of the Executive’s employment either by the Company other than for Cause pursuant to Section 4(b) of this Agreement (which, for the avoidance of doubt, shall not include a termination due to death or disability under Section 4(e) of this Agreement) or by the Executive for Good Reason pursuant to Section 4(c) of this Agreement, or as a result of the Company’s delivery of a notice of non-renewal in accordance with Section 1(a) of this Agreement:
Severance Payments and Other Matters Related to Termination. Subject to the provisions hereof:
Severance Payments and Other Matters Related to Termination. In the event of termination of your employment on or after July 1, 2004, the Company shall have no obligation to you, other than as set forth expressly in this Section 3.
Severance Payments and Other Matters Related to Termination. (a) In the event of termination of the Employee’s employment by the Company other than for Cause or the Employee’s termination of employment for Good Reason, (i) the Employee shall be entitled to receive a lump sum cash severance amount equal to two hundred (200%) percent of Employee’s then current annual salary, (ii) any earned but unpaid bonus payment, (iii) reimbursement of the health and dental care continuation premiums for Employee incurred by Employee to effect continuation of health and dental insurance coverage for Employee on the same basis as active employees, for a period of twenty-four (24) months from the date of such termination, to the extent that Employee is eligible for and elects continuation coverage under COBRA; and (iv) any accrued and unused vacation pay payable within twenty one (21) calendar days of the termination date (subject to required withholding).
