Termination by the Company Other than for Cause or by You for Good Reason. In the event that you are involuntarily terminated by the Company without Cause (other than as a result of your death or disability or the Company’s non-renewal or extension of your employment, as described in Section 8) or you terminate your employment for Good Reason, as defined in the Definition Section, attached hereto, and provided that the release contemplated by Section 19 below becomes effective in accordance with its terms on or before the thirtieth (30th) day following the date of your termination of employment, you be will be entitled to:
Termination by the Company Other than for Cause or by You for Good Reason. (a) In the event that you are terminated by the Company without Cause or you terminate your employment for Good Reason, you will be entitled to an amount equal to one (1) year of your then-current Base Salary, to be paid in the form of salary continuation at the normal payroll intervals of the Company.
Termination by the Company Other than for Cause or by You for Good Reason. (a) In the event that you are terminated without Cause or you terminate your employment for Good Reason within twelve (12) months from the effective date of this Agreement, you will be entitled to an amount equal to one and one-half (1.5) years of Base Salary, to be paid in the form of salary continuation at the normal payroll intervals of the Company. In the event that you are terminated without Cause or you terminate your employment for Good Reason after twelve (12) months from the effective date of this Agreement, you will be entitled to an amount equal to one (1) year of Base Salary, to be paid in the form of salary continuation at the normal payroll intervals of the Company. Upon any termination without Cause or termination for Good Reason, all your options to purchase common stock of the Company, the exercise price of which is less than the then fair market value of such common stock upon the date of termination, shall immediately vest (the “Vested Options”). You shall have the later of (i) ninety (90) days from the date of your termination or (ii) the expiration date of such options to exercise the Vested Options; provided, however, that if your termination without Cause or termination for Good Reason and subsequent acceleration of all of a portion of your Vested Options under this subsection 8(a) were to occur pursuant to, or immediately prior to, a Change in Control and, would cause a charge to the Company’s earnings, then the Board shall have discretion to offer you a consulting position in lieu of accelerating your Vested Options during which consulting period your options would continue to vest as if you had not been terminated, as deemed appropriate by the Board.
