Common use of Mid-Term Termination Clause in Contracts

Mid-Term Termination. If (i) the Employee's employment with Spire is terminated by Spire prior to the first anniversary of the Commencement date, other than pursuant to Section 6.2 hereof, (ii) the Employee is not in breach of any of the representations, warranties, covenants or obligations set forth in Articles 4 and 5 hereof, and (iii) the termination of the Employee's employment occurs other than at the conclusion of a calendar year during the Term, Spire shall pay to the Employee, within sixty (60) days from the Employee's termination date, a portion of the Additional Compensation as determined by the Board of Directors in its discretion. Except as set forth in this Section 3.2, upon the termination of the Employee's employment prior to the completion of any calendar year during the Term, the Employee shall not be entitled to any portion of the Additional Compensation for such year.