Common use of Obligations of the Employer Upon Termination Clause in Contracts

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold bonus opportunity under the Incentive Plan based on the threshold bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined as a lump sum in this Paragraph 9 in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i5.b)(i) above. Upon the termination of the Executive's employment during the Term term of this Agreement by the Executive for Good Reason, or upon retirement at or after age 58, or by the Employer for any reason other than Cause, the Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii5.b)(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement prior to December 31, 1999 by the Executive for Good Reason, Reason or by the Employer for any reason other the than Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) the Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold bonus opportunity under the Incentive Plan based on the threshold bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined as a lump sum in this Paragraph 9 in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold bonus opportunity under the Incentive Plan based on the threshold bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the EmployerCompany's sole discretion, the Employer Company may pay the amount determined as a lump sum in this Paragraph 9 in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold threshhold bonus opportunity under the Senior Executive Incentive Compensation Plan based on the threshold bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined as a lump sum in this Paragraph 9 in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold bonus opportunity under the Incentive Plan based on the threshold bonus opportunity for the year of terminationtermination and (iii) other benefits afforded to similarly situated executive officers or Board members of Employer. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined as a lump sum in this Paragraph 9 or in 24 equal monthly payments beginning on the first day of the month first following the Date of Terminationpayments.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two (2) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold target bonus opportunity under the Incentive Plan based on the threshold target bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined in this Paragraph 9 as a lump sum in this Paragraph 9 or in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.

Obligations of the Employer Upon Termination. Upon termination of the Executive's employment for any reason during the Term of this Agreement, Executive shall be entitled to Base Salary and all benefits through the Date of Termination, and to exercise then vested stock options in accordance with Paragraph 5.A.(i) above. Upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other than Cause, Executive shall in addition be entitled to exercise the option(s) with accelerated vesting pursuant to Paragraph 5.A.(ii) above. In addition, upon the termination of the Executive's employment during the Term of this Agreement by the Executive for Good Reason, or by the Employer for any reason other the Cause, Disability or death, the Executive shall be entitled to receive a lump sum payment equal to two three (23) times the sum of (i) Executive's Base Salary as of the Date of Termination and (ii) the Executive's threshold target bonus opportunity under the Incentive Plan based on the threshold target bonus opportunity for the year of termination. The lump sum payment shall be paid no later than thirty days after the Date of Termination in immediately available United States funds. Notwithstanding the preceding provisions, at the Employer's sole discretion, the Employer may pay the amount determined as a lump sum in this Paragraph 9 or in 24 equal monthly payments beginning on the first day of the month first following the Date of Termination.