After the Term. Lessee shall continue to maintain at its expense the insurance described in Section 12(a) for three years after the expiration or termination of the Basic Term or Renewal Term, if Lessee has elected to renew the Lease in accordance with Section 20, covering each Indemnitee as its interest may appear and specifically insuring the indemnity contained in Section 13 to the extent of the coverage of such policy.
After the Term. At-Will"
After the Term. If, at any time after the Term, Company should terminate Employee's employment without Cause, or if Employee should terminate his employment for Good Reason, Company shall pay to Employee the Severance Payment, which shall be in lieu of any amount payable to Employee under the Company's Severance Policy for Senior Management, payable in a lump sum within five (5) days of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(a)(ii), (A) all Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company and (B) Employee shall vest in two-thirds of the Performance Shares granted during the Term which have not vested pursuant to clause (A). All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan as then in effect. Within five (5) days of a termination pursuant to this Section 6(a)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. If, after the Term, Company should terminate Employee's employment for Cause or Employee should terminate his employment without Good Reason, Employee will be entitled to be paid the pro-rata annual base salary otherwise payable to Employee under paragraph (a) of Section 4 through the date of termination and a pro-rata annual bonus through the date of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(b)(ii), all outstanding Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company. All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan then in effect. Within five (5) days of a termination pursuant to this Section 6(b)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. For a period of eighteen (18) months after the Term (the "Restricted Period"), the Executive shall keep, observe and abide by each of the following separate covenants:
After the Term. Upon the termination of this Agreement for any reason, the Company shall have the right to require the Executive not to compete ("Non-Compete Requirement") with the Company for a period of 24 months ("Non-Compete Period"). The Company shall notify the Executive, in writing, within ten (10) days of the termination of this Agreement of its intent to enforce the Non-Compete Requirement. If the Company elects to enforce the Non-Compete Requirement, it shall pay to the Executive in 24 consecutive equal monthly installments of $16,666.66 each, the total sum of $400,000.00. The first installment shall be due and payable 15 days after the date of termination. If the Company fails to notify Executive of its intent to enforce the Non-Compete Requirement, as provided herein, the Executive shall be free to compete against Company or any business then being conducted by the Company.
After the Term. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, Tenant shall surrender the Leased Premises to Landlord with all Improvements in good condition, reasonable wear and tear excepted, and Tenant shall not be permitted to remove any Improvements. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, all Improvements and all alterations, additions, equipment and fixtures thereto shall be deemed to be and shall automatically become the property of Landlord, without cost or charge to Landlord.
After the Term. Executive agrees to cooperate with the Company and its counsel with reasonable requests in the handling or investigation of any administrative charges, government inquiries or lawsuits involving the Company that relate to matters that arose while Executive was an employee of the Company, unless the Company is in default under this Agreement. The Company will reimburse Executive for any reasonable out-of-pocket expenses Executive incurs by reason of such cooperation and, unless the Company’s request is for Executive to testify in a legal proceeding, any documented loss of income. The Company will use its reasonable best efforts to minimize any interruption to Executive’s business activities in connection with her cooperation in such matters as provided for in this paragraph.
After the Term. Upon the expiration of the Term or other termination of this Lease, the Improvements and all alterations, additions, equipment, and fixtures shall be deemed to be and shall automatically become the property of Landlord, without cost or charge to Landlord. Landlord agrees that Tenant, at any time prior to the expiration or other termination of this Lease, may remove from the Premises any and all equipment which Tenant has furnished for maintenance purposes or for the use of its management, provided that Tenant shall repair any physical damage to the Premises caused by the removal of such equipment and property. Tenant agrees to execute, at the request of Landlord at the end of the Term, a quitclaim deed to Landlord for the Improvements. The deed shall be recorded at Landlord’s option and expense and Tenant shall provide any other documents that may be reasonably required by Landlord or Landlord’s title company to provide Landlord title to the Premises and the Improvements free and clear of all monetary liens and monetary encumbrances not caused by or agreed to by Landlord.
After the Term. Bonus eligibility and opportunities, if any, after the expiration of the Term may be in such amounts and subject to such terms and conditions to be determined and approved by the Board in its sole and absolute discretion prior to the expiration of the Term.
