Notice of Termination to Employee. If the Employer terminates Employee’s employment for Cause during the Term, this Agreement shall terminate without further obligations to Employee, except as provided under Section 8(b).
Notice of Termination to Employee. If Company terminates Employee's employment without Cause, Company shall have the obligations set forth in this Paragraph 4.5; provided, however, that notwithstanding any other provision of this Agreement, the obligations in this Paragraph shall not apply, unless Employee executes a general release in favor of Company, its affiliates and subsidiaries. Within seventy-five (75) days after termination as provided in this Paragraph 4.5, Company shall pay to Employee a lump sum amount equal to twenty-four (24) months of the annual Base Salary at the rate in effect immediately prior to such termination without Cause, which amount shall be separation pay. For twenty-four (24) months following termination as provided in this Paragraph 4.5 (the "Period"), if Employee elects continued group medical coverage for himself and his eligible dependents pursuant to COBRA, Company shall pay for such continued coverage for the lesser of the COBRA continuation period or the duration of the Period, with the same deductible and out-of-pocket expenses as apply to active employees (and their eligible dependents) from time to time during the COBRA continuation coverage period, and monthly reimburse Employee for the cost of premiums for health plan benefits comparable to such benefit plans provided to Employee at the time of termination of active employment for the period beginning on the expiration of COBRA continuation coverage and ending on the last day of the Period. Upon termination without Cause, if Employee had participated in DST's officer life insurance program, Company shall monthly reimburse Employee for the cost of premiums for comparable life insurance benefits ending on the last day of the Period. Notwithstanding the foregoing, any life, health or other reimbursement obligation set forth in this subparagraph shall lapse as of the date comparable coverage in connection with other employment is made available to Employee regardless of whether Employee participates in such alternate coverage program. The Company shall reimburse Employee for any federal, state and local income taxes due with respect to amounts paid hereunder for COBRA continuation coverage or for the cost of health or life insurance. The terms and conditions of this subparagraph shall continue until the end of the Period notwithstanding the death or disability of Employee during the Period. For avoidance of doubt, neither termination of employment for disability nor assignment or deemed assignment of this...
