Common use of Certain Obligations of Employer Following Termination of the Employment Term Clause in Contracts

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Employer shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that Executive now has or hereafter may have hereunder against Employer. Any lump-sum payments owed by Employer shall be made to Executive within ten (10) business days of the Date of Termination. In connection with Executive's receipt of any or all monies and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and any Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive's subsequent employment by an entity other than Employer.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Employer shall pay to Executive or his estate, as the case may be, the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that Executive now has or hereafter may have hereunder against Employer. Any lump-sum and all payments owed by Employer shall be made to Executive within ten (10) business days referenced hereunder are contingent upon Executive’s execution of Employer’s standard form Release Agreement in effect at the Date of Terminationtime. In connection with Executive's ’s receipt of any or all monies and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he is receiving severance payments and any the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive's ’s subsequent employment by an entity other than Employer.

Certain Obligations of Employer Following Termination of the Employment Term. Following termination of the Employment Term under the circumstances described below, Employer shall pay to Executive or his her estate, as the case may be, the following compensation and provide the following benefits in full satisfaction and final settlement of any and all claims and demands that Executive now has or hereafter may have hereunder against Employer. Any lump-sum and all payments owed by Employer shall be made to Executive within ten (10) business days referenced hereunder are contingent upon Executive’s execution of Employer’s standard form Release Agreement in effect at the Date of Terminationtime. In connection with Executive's ’s receipt of any or all monies and benefits to be received pursuant to this Section 3.3, Executive shall not have a duty to seek subsequent employment during the period in which he she is receiving severance payments and any the Severance Amount (as defined in Section 3.3.2 hereof) shall not be reduced solely as a result of Executive's ’s subsequent employment by an entity other than Employer.