Common use of Effect of Termination of Employment on Compensation Clause in Contracts

Effect of Termination of Employment on Compensation. (a) If Executive’s employment hereunder shall terminate: (i) at the expiration of the term provided in Section 3.1 after Executive has given the Company written notice of non-renewal, (ii) pursuant to a termination by the Company pursuant to Section 3.2(b), or (iii) pursuant to Executive’s resignation for other than Good Reason, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that Executive shall be entitled to (A) payment of all accrued and unpaid Base Salary earned through the Date of Termination as well as any Annual Bonus that has been earned pursuant to Section 4.2 for the calendar year ending on or prior to the Date of Termination but remains unpaid as of the Date of Termination (which Annual Bonus, if any, shall be paid in a lump sum at the time provided for payment in Section 4.2), (B) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to reimbursement in accordance with Section 4.5, and (C) benefits to which Executive is entitled under the terms of any applicable benefit plan or program.

Effect of Termination of Employment on Compensation. (a) If Executive’s employment hereunder shall terminate: (i) terminate at the expiration of the term provided in Section 3.1 after Executive either party has given the Company other party written notice of non-renewal, (iifor any reason described in Section 3.2(a) pursuant to a termination by the Company pursuant to Section or 3.2(b), or (iii) pursuant to Executive’s resignation for other than Good ReasonReason or by reason of Executive’s death, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that Executive shall be entitled to (Ai) payment of all accrued and unpaid Base Salary earned through to the Date of Termination as well as any Annual Bonus that has been earned pursuant to Section 4.2 for the calendar year ending on or prior to the Date of Termination but remains unpaid as of the Date of Termination (which Annual Bonus, if any, shall be paid in a lump sum at the time provided for payment in Section 4.2), (Bii) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to reimbursement in accordance with Section 4.54.4, and (Ciii) benefits to which Executive is entitled under the terms of any applicable benefit plan or program.

Effect of Termination of Employment on Compensation. (a) If Executive’s employment hereunder shall terminate: (i) terminate at the expiration of the term provided in Section 3.1 after Executive either party has given the Company other party written notice of non-renewal, (iifor any reason described in Section 3.2(a) pursuant to a termination by the Company pursuant to Section or 3.2(b), ) or (iii) pursuant to Executive’s resignation for other than Good ReasonReason or by reason of Executive’s death, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment, except that Executive shall be entitled to (Ai) payment of all accrued and unpaid Base Salary earned through to the Date of Termination as well as any Annual Bonus that has been earned pursuant to Section 4.2 for the calendar year ending on or prior to the Date of Termination but remains unpaid as of the Date of Termination (which Annual Bonus, if any, shall be paid in a lump sum at the time provided for payment in Section 4.2), (Bii) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to reimbursement in accordance with Section 4.5, and (Ciii) benefits to which Executive is entitled under the terms of any applicable benefit plan or program.