Termination by the Company without Cause or by Employee for Good Reason. If Employee’s employment by the Company ceases due to a termination by the Company without Cause (as defined above) or a resignation by Employee for Good Reason (as defined below), the Company shall:
Termination by the Company without Cause or by Employee for Good Reason. (i) The Company may terminate Employee's employment hereunder without Cause if such termination is approved by the Chief Executive Officer or Chairman of the Company. Any termination by the Company of Employee's employment hereunder which does not (A) constitute a termination for Cause under Subparagraph (d)(i), (B) result from the death or disability of the Employee under Subparagraph (b) or (c), or (C) result from the expiration of the Term, shall be deemed a termination without Cause.
Termination by the Company without Cause or by Employee for Good Reason. If Employee’s employment hereunder is terminated by the Company without Cause pursuant to the provisions set forth in Section 4(a)(iv), or by Employee for Good Reason pursuant to the provisions set forth in Section 4(b), all of Employee’s rights and benefits provided for in this Agreement will terminate as of such date; provided, however, that (i) Employee will be paid Employee’s pro rata Base Salary as earned through the Termination Date, (ii)(A) if Employee’s employment is so terminated within twelve (12) months after the commencement of the Employment Period, extended health benefits shall continue at the Company’s expense for a period of eighteen (18) months after the Termination Date, and (B) if Employee’s employment is so terminated more than twelve (12) months after the commencement of the Employment Period, such extended health benefits shall continue at the Company’s expense for a period of twelve (12) months following the Termination Date, (iii) Employee shall be entitled to receive any earned and unpaid Annual Bonus for any full calendar year of the Company that ended prior to the Termination Date (in the amount theretofore awarded by the Board) on the date that such Annual Bonus would have otherwise been payable, and (iv)(A) if Employee’s employment is so terminated within twelve (12) months after the commencement of the Employment Period, the Company shall pay Employee severance equal to Seven Hundred Fifty Thousand Dollars ($750,000.00), and (B) if Employee’s employment is so terminated more than twelve (12) months after the commencement of the Employment Period, the Company shall pay Employee severance equal to the sum of (x) an amount equal to the Annual Bonus paid to Employee for the full calendar year of the Company ending immediately prior to the Termination Date and (y) twelve (12) months Base Salary (as determined on the Termination Date). The severance pay provided for in this Section 5(d)(iv) will be paid in installments in accordance with the Company’s normal payroll practices.
Termination by the Company without Cause or by Employee for Good Reason. If this Agreement is terminated by (i) the Company without Cause in accordance with subparagraph 6(d) or (ii) Employee for Good Reason in accordance with subparagraph 6(e), then the Company shall have no further obligations to Employee under this Agreement or otherwise, except the Company shall provide the Accrued Obligations to Employee in accordance with subparagraph 7(a) in addition to the following severance payments and benefits:
Termination by the Company without Cause or by Employee for Good Reason. In the event that Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, following Executive’s separation from service and commencing with the payroll period immediately following the Release Deadline (as defined below), the Company shall pay to Executive the annual Base Salary then in effect for twelve (12) months on a regular payroll basis; provided, that if Executive’s employment is so terminated during the first twelve (12) months of the Term (such initial twelve (12)-month period, the “Initial Period”), the Company shall pay Executive the annual Base Salary then in effect for the remainder of the Initial Period and an additional twelve (12) months thereafter. In addition, the Company shall continue its contributions toward Executive’s health care, dental, disability and life insurance benefits on the same basis as immediately prior to the date of termination, except as provided below, for the same length of time as it continues payment to Executive of Base Salary pursuant to this Section 5.2. Notwithstanding the foregoing, the Company shall not be required to provide any health care, dental, disability or life insurance benefit otherwise receivable by Executive if Executive is actually covered or becomes covered by an equivalent benefit (at the same cost to Executive, if any) from another source. Any such benefit made available to Executive shall be reported to the Company. In order to be eligible to receive the payments described in this Section 5.2, Executive must execute in favor of the Company and not thereafter revoke the release agreement substantially in the form annexed hereto as Exhibit A within thirty (30) calendar days following Executive’s separation from service (the “Release Deadline”).
Termination by the Company without Cause or by Employee for Good Reason. If Employee’s employment by the Company or any of its Subsidiaries is terminated by the Company or such Subsidiary without “Cause” (as defined in the Employment Agreement) or by Employee for “Good Reason” (as defined in the Employment Agreement), then the Option immediately shall become exercisable as to all of the Option Shares and may be exercised for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever is shorter.
Termination by the Company without Cause or by Employee for Good Reason. If Employee’s employment is terminated by the Company without “Cause” (as such term is defined in the Employment Agreement) or by Employee for “Good Reason” (as such term is defined in the Employment Agreement), then the portion of the Option which is exercisable on the date of termination of employment and any additional portion of the Option which would have otherwise vested on or prior to June 1, 2013 if employment had continued through that date shall continue to vest as scheduled and shall continue to be exercisable thereafter, absent the death of Employee (in which case the Option shall be exercisable by the Employee’s personal representative or heirs, as the case may be, within one year after the date of death of the Employee), until the expiration of the Exercise Period.
Termination by the Company without Cause or by Employee for Good Reason. In the event of a termination of Employee’s employment by the Company without Cause or by Employee for Good Reason, the Company shall pay to, or shall maintain on behalf of (as applicable), Employee, as additional consideration for Employee’s covenants in Section 6, the following payments or benefits (but no other payments of benefits, other than the Accrued Benefits):
Termination by the Company without Cause or by Employee for Good Reason. The Company may, by delivering seven (7) days' prior written notice to Employee, terminate Employee's employment and service to the Company (and its direct and indirect subsidiaries) at any time and for any reason without Cause. Employee may terminate his employment and service to the Company (and its direct and indirect subsidiaries) for Good Reason at any time upon providing written notice of termination to the Company. In the event of any such termination by the Company or the Employee, other than a termination as to which Section 7 or 9 applies, the following are agreed upon:
Termination by the Company without Cause or by Employee for Good Reason. Subject to Section 4(f) below, in the event that Employee’s employment is terminated by action of the Company other than for Cause, or Employee terminates Employee’s employment for Good Reason, then, in addition to the Accrued Obligations and any accrued and unpaid Annual Performance Bonus for the prior fiscal year, Employee shall receive the following, subject to the terms and conditions described in Section 4(g):
