Termination By Company For Any Other Reason. Notwithstanding anything contained in this Agreement to the contrary, the Company shall have the right to terminate the employment of Executive for any reason, including reasons other than those described in Section 4.1, upon thirty (30) days notice to Executive. Such termination shall be effective upon the expiration of such 30 day period. In the event of termination by the Company for any reason not constituting “Cause” (as defined above), Executive shall be entitled to the severance payments described in Section 4.5 of this Agreement.
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Term for any reason other than as provided in Section 4(b) or 4(c) of this Agreement, then the Company shall pay to Executive the Base Salary through such date of termination and, in lieu of any further compensation and benefits for the balance of the Term, severance pay equal to the Base Salary that Executive would have otherwise received during the period beginning on such date of termination and ending on the earlier of (i) six (6) months from the effective date of such termination and (ii) the last day of the Term, which severance pay shall be paid commencing with such date of termination at the times and in the amounts such Base Salary would have been paid. Notwithstanding anything to the contrary contained herein, in the event that Executive shall breach Section 5 or 6 of this Agreement, in addition to any other remedies the Company may have in the event Executive breaches this Agreement, the Company's obligation pursuant to this Section 4(d) to continue such salary shall cease and Executive's rights thereto shall terminate and shall be forfeited.
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company prior to the expiration of the Term for any reason other than as provided in Sections 4(b) or 4(c) of this Agreement, then the Company shall pay to Executive:
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Term for any reason other than as provided in Section 4(b) or 4(c) of this Agreement, then the Company shall pay to Executive the Base Salary through such date of termination and, in lieu of any further compensation and benefits for the balance of the Term, severance pay equal to the Base Salary that Executive should have otherwise received during the period beginning on such date of termination and ending six (6) months from the effective date of such termination, which severance pay shall be paid commencing with such date of termination at the times and in the amounts such Base Salary would have been paid. Notwithstanding the forgoing, the Company shall also pay the Executive in full any deferred and accrued salary owed under Section 3(a) of this Agreement, and any accrued bonus under Section 3(c) of this Agreement. Notwithstanding anything to the contrary contained herein, in the event that Executive shall breach Section 5 or 6 of this Agreement, in addition to any other remedies the Company may have in the event Executive breaches this Agreement, the Company's obligation pursuant to this Section 4(d) to continue such salary shall cease and Executive's rights thereto shall terminate and shall be forfeited.
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company during the Agreement Term for any reason other than as provided in Section 5(b) or 5(c) hereof, then the Company shall pay to Executive, within thirty (30) days of the date of such termination, the Base Salary, the bonus provided for in Section 3(c) hereof and the automobile allowance provided for in Section 3(e) hereof, through such date of termination, and, in lieu of any further compensation and benefits for the balance of the Agreement Term, severance pay equal to the Base Salary that Executive would have otherwise received during the remainder of the Agreement Term, commencing with such date of termination, at the times and in the amounts such Base Salary would have been paid. Under such circumstances, except as set forth below, for the balance of such period, Executive shall also continue to participate in and receive the benefits and perquisites provided for in Section 3(b) hereof, the bonus provided for in Section 3(c) hereof and the automobile allowance provided for in Section 3(e) hereof, to the same extent as if Executive's employment hereunder had not been terminated; provided, however, that in the event that Executive shall breach Sections 4 or 6 hereof, in addition to any other remedies the Company may have in the event Executive breaches this Agreement, the Company's obligation pursuant to this Section 5(d) to pay Base Salary, bonus, benefits and perquisites shall be suspended and the Company shall have the right to withhold payments of any amounts due hereunder pending final judgment of a court of competent jurisdiction with respect to damages attributable to such breach, provided, however, that any such amounts withheld by the Company which are in excess of the amount determined (by settlement or judicial proceedings) to be due to or properly withheld by the Company shall be promptly paid to Executive together with interest at the rate of 10% per annum from the date such amounts were originally due.
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company prior to the expiration of the Term for any reason other than as provided in Sections 4.2, 4.3 or 4.4 of this Agreement, any and all unvested Options shall automatically be cancelled and forfeited by Executive as of the date of such termination and the Company shall pay to Executive:
Termination By Company For Any Other Reason. In the event that your retention hereunder is terminated by the Company during the Term for any reason other than as provided in Section 9.1 hereof, then the entire Option shall accelerate and your right to exercise the Option shall expire 90 days thereafter. Additionally, you shall receive the fees that you have accrued under Section 4 through the date of termination.
Termination By Company For Any Other Reason. Termination by reason of --------------------------------------------- ------------------------ Death or Disability. In the event that Adereth retention hereunder is terminated by the Company during the Term for any reason other than as provided in Section 4.2 hereof, or in the event that Adereth retention hereunder is terminated during the Term by reason of death or disability, then the entire Option shall accelerate and Adereth or his heirs or beneficiaries right to exercise the Option shall expire 12 months thereafter.
Termination By Company For Any Other Reason. In the event that Executive's employment hereunder is terminated by the Company prior to the expiration of the Term for any reason other than as provided in Sections 4.2, 4.3 or 4.4 of this Agreement all unvested options that would have vested during the shorter of (a) the subsequent six months or (b) the remainder of the term (the “Post-Termination Vesting Period”) shall immediately become vested. For purposes of this Post-Termination Vesting Period, vesting shall be on a monthly-vesting equivalent basis. Any and all remaining unvested Options shall automatically be cancelled and forfeited by the Executive as of the date of such termination and the Company shall pay to Executive:
Termination By Company For Any Other Reason. In the event that the Executive's employment is terminated by the Company during the Agreement Term for any reason other than for Cause or for Disability, then the Company shall pay to Executive, within thirty days of the date of such termination, Executive's Base Salary through such date of termination and, in lieu of any further compensation and benefits, severance pay equal to the Base Salary and benefits (other than bonuses and stock options) that Executive would have otherwise received if his employment had continued during the 2 eighteen month period from the effective date of such termination, commencing with such termination date at the times and in the amounts such base salary and benefits would have been paid and provided." This paragraph shall not affect my rights to existing stock options as provided in paragraph 3 below.
