TERMINATION CONSULTING. In the event of Employee's Involuntary or Voluntary Termination, Employee agrees to provide services to the Company as a consultant for a period of ninety (90) days following the completion of all severance payments (the "Consulting Period"), in exchange for cash compensation at the rate of $100 per hour. Employee shall have the right to decline to provide any consulting services requested by the Company after an Involuntary Termination or Voluntary Termination but such refusal during the period when severance payments are being made by the Company will result in the forfeiture of Employee's right to the Severance Amount hereunder. If Employee does elect to provide consulting services following the completion of the severance period, Employee shall be obligated to provide no more than ten (10) hours of consulting services per week during the Consulting Period, if and to the extent requested by the Company. Employee may determine to cease providing such consulting services to the Company at any time during the Consulting Period by providing the Company with ten days written notice.
TERMINATION CONSULTING. In the event of Employee's VOLUNTARY TERMINATION or RETIREMENT, the Company hereby agrees to engage Employee as a consultant to the Company for a period of up to five years (the "CONSULTING PERIOD"). While the CONSULTING PERIOD will only begin after termination of employment under this Agreement, Employee shall nevertheless continue to be an "employee" of the Company for purposes of tax withholding and employee benefits (including any special or additional benefits provided to Employee by this Agreement or otherwise) during the CONSULTING PERIOD although the scope of Employee's services and responsibilities shall be diminished in such manner and amounts as may be agreed upon by the Company and Employee. During the CONSULTING PERIOD, Employee will be paid a salary equal to 50% of his annual base salary on the date of Employee's termination of employment under this Agreement. For each year or part thereof that Employee provides consulting services to the Company, Employee shall receive a retirement benefit of 25% of Employee's annual base salary at the time of Employee's VOLUNTARY TERMINATION or RETIREMENT for the same amount of time, which retirement benefit shall then be paid to Employee in accordance with the Company's existing payroll policies beginning at the end of the CONSULTING PERIOD over a period of time equal to the number of years or parts thereof that Employee provides consulting services. Employee shall have the right to decline to provide any consulting services after a VOLUNTARY TERMINATION or RETIREMENT. If Employee does elect to provide consulting services, Employee may determine to cease providing such services to the Company at any time by giving at least thirty (30) days prior written notice of such determination to the Company. The Company agrees to engage Employee to provide the consulting services for a period of not less than one (1) year after a VOLUNTARY TERMINATION or RETIREMENT but the Company may terminate such engagement at any time thereafter for good cause. For purposes hereof, "good cause" shall mean misappropriation of Company funds or property, conviction of a crime involving dishonesty or moral turpitude, or willful disregard of any directive of the Company's Board of Directors.
TERMINATION CONSULTING. In the event of Employee's Involuntary or Voluntary Termination, Employee agrees to provide services to the Company as a consultant for a period of ninety (90) days following the termination of his employment (the "CONSULTING PERIOD"), in exchange for cash compensation at the rate of $100 per hour. While the Consulting Period will only begin after termination of employment under this Agreement, Employee shall nevertheless continue to be an "employee" of the Company during the Consulting Period for purposes of the Company's Tandem Stock Option and Stock Appreciation Rights Plan and Stock Bonus Plan, although the scope of Employee's services and responsibilities shall be diminished in such manner and amounts as may be agreed upon by the Company and Employee. Employee shall have the right to decline to provide any consulting services after an Involuntary Termination or Voluntary Termination but such refusal will result in the forfeiture of Employee's right to the Severance Amount hereunder. If Employee does elect to provide consulting services, Employee shall be obligated to provide no more than ten (10) hours of consulting services per week during the Consulting Period, if and to the extent requested by the Company. Employee may determine to cease providing such services to the Company at any time but such a determination, to the extent it is made prior to the completion of the full ninety (90) day Consulting Period, shall proportionately reduce Employee's entitlement to the Severance Amount payable hereunder.
TERMINATION CONSULTING. In the event of Employee's Involuntary or Voluntary Termination or Retirement, the Company hereby agrees to engage Employee as a consultant to the Company for a period of up to five years (the "Consulting Period"), in exchange for an annual salary of $1.00 per year. While the Consulting Period will only begin after termination of employment under this Agreement, Employee shall nevertheless continue to be an "employee" of the Company during the Consulting Period for purposes of the Company's Tandem Stock Option and Stock Appreciation Rights Plan and Stock Bonus Plan, although the scope of Employee's services and responsibilities shall be diminished in such manner and amounts as may be agreed upon by the Company and Employee. Employee shall have the right to decline to provide any consulting services after an Involuntary Termination, Voluntary Termination or Retirement. If Employee does elect to provide consulting services, Employee may determine to cease providing such services to the Company at any time by giving at least fifteen (15) days prior written notice of such
