Common use of Post-Employment Payments Clause in Contracts

Post-Employment Payments. (a) At the end of Executive’s employment for any reason, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued but is unpaid, any annual bonus set forth in subparagraph 4(b) above that has been earned for a prior calendar year but is unpaid, which shall be paid as provided in subparagraph 4(b), any reimbursable expenses which have been incurred but are unpaid, and any unexpired paid time off days which have accrued under the Company’s paid time off policy but are unused, as of the end of the Employment Period, (ii) any option rights or plan benefits which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any option theretofore granted to Executive or any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company) and (iii) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended. In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(b), in the circumstances described in such subparagraph.

Post-Employment Payments. (a) At the end of Executive’s employment for any reason, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued but is unpaid, any annual bonus set forth in subparagraph 4(b) above that has been earned for a prior calendar year but is unpaid, which shall be paid as provided in subparagraph 4(b), any reimbursable expenses which have been incurred but are unpaid, and any unexpired paid time off vacation days which have accrued under the Company’s paid time off vacation policy but are unused, as of the end of the Employment Period, (ii) any option rights vested equity award grants or vested plan benefits which by their terms extend beyond the termination of Executive’s employment (but only to the extent provided in any option equity award theretofore granted to Executive or under any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b7(b), any severance pay program or policy of the Company) and (iii) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amendedamended (“COBRA”). In addition, Executive shall be entitled to the additional benefits and amounts described in subparagraph 6(b7(b), in the circumstances circumstance described in such subparagraph.

Post-Employment Payments. (a) At the end of Executive’s employment for any reason, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued through the date of termination but is unpaid, any annual bonus set forth in subparagraph 4(b) above that has been earned for a prior calendar year but is unpaid, which shall be paid as provided in subparagraph 4(b), any reimbursable expenses which have been incurred but are unpaid, and any unexpired paid time off vacation days which have accrued under the Company’s paid time off policy but are unused, as of the end of the Employment Period, (ii) any option rights or plan benefits which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any option theretofore granted to Executive or any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company) and (iii) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amendedamended (“COBRA”). In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(b) or 6(d), in the circumstances described in such subparagraphsubparagraphs.

Post-Employment Payments. (a) At a)Upon the end termination of Executive’s employment for any reasonthe Employment Period pursuant to paragraph 5, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued but is unpaid, any annual bonus set forth in subparagraph 4(b) above that has been earned for a prior calendar year but is unpaid, unpaid on the date of termination of Executive’s employment (which bonus shall be paid as provided in subparagraph 4(baccordance with the terms and conditions therefor established by the Manager), and any reimbursable expenses which have been incurred but are unpaid, and any unexpired each of which shall be paid time off days which have accrued under on the Company’s paid time off policy but are unused, as of next scheduled payroll date following the end termination of the Employment Period, (ii) any option rights or plan benefits due or by which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any option theretofore granted to Executive or any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company), (iii) all rights under and with respect to the Equity Incentive Plan and all awards granted to Executive thereunder and (iiiiv) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amendedamended (also known as COBRA). In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(b), in the circumstances described in such subparagraphsubparagraphs.

Post-Employment Payments. (a) At the end of Executive’s employment with the Company for any reason, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary base salary which has accrued but is unpaid, with respect to the fiscal year of the termination, a pro rata portion of any annual performance bonus set forth in subparagraph 4(bwhich has accrued for such fiscal year (as of the date of termination) above that has been earned for a prior calendar year but is unpaid, which shall be paid as provided in subparagraph 4(b), any reimbursable expenses which have been incurred but are unpaid, and any unexpired paid time off vacation days which have accrued under the CompanyCrysteel’s paid time off vacation policy but are unused, as of the end termination date of the Employment PeriodExecutive’s employment with the Company, (ii) any option rights under profits interest grants and other equity incentive grants or plan benefits which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any option profits interest grants and other equity incentive grants theretofore granted to Executive or any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(bCompany), any severance pay program or policy of the Company) and (iii) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended. In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(band (iv) any payments contemplated by paragraph 2(b), in the circumstances described in such subparagraph.