Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of one (1) year, an amount equal to one hundred percent (100%) of her then current Base Salary in installments on the same dates as the Employer makes payroll payments under its customary practice. Employee shall only be entitled to receive the Bonus pursuant to the Annual Incentive Plan for the year in which such termination occurs prorated and accrued to the date of termination. In such case Employee shall not be entitled to receive, unless otherwise required by law, any subsequent Other Benefits.
Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of twelve (12) months, an amount equal to one hundred percent (100%) of his then current Base Salary and one hundred percent (100%) of the Bonus earned and paid during the 12 months prior to the date of termination (if employed for less than 12 months prior to termination the Bonus earned and paid for the period of employment shall be annualized and 50% of the annualized amount will be paid) in installments on the same dates as the Employer makes payroll payments under its customary practice. In such case Employee shall not be entitled to receive, unless otherwise required by law, any subsequent Other Benefits.
Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee’s employment at any time at will for any reason upon (a) six months prior written notice to Employee if the notice of termination is given to Employee prior to or on July 1, 2005, or (b) one year prior written notice to Employee if the notice of termination is given to Employee after July 1, 2005.
Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of six (6) months, an amount equal to one hundred percent (100%) of his then current Base Salary and fifty percent (50%) of the incentive earned and paid during the twelve months prior to the date of termination in installments on the same dates as the Employer make payroll payments under its customary practice. In such case Employee shall not be entitled to receive, unless otherwise required by law, any subsequent Other Benefits after the date of termination.
Termination of Employee for any Other Reason. The Employer shall have the right to terminate Employee's employment at any time at will for any reason upon ten (10) days prior written notice to Employee. If Employee's employment is terminated by the Employer during the Employment Term for any reason other than the reason set forth in Sections 5.01, 5.02 or 5.03 above, the Employer shall continue to pay to Employee for a period of one (1) year, an aggregate amount equal to (a) one hundred percent (100%) of his then current Base Salary, plus (b) one hundred percent (100%) of the Bonus earned and paid during the 12 months prior to the date of termination; provided, however, that if within the 2-year period prior to the date of termination the Employer has modified the Annual Incentive Plan so as to reduce the potential amount of Bonus that Employee could earn, then the amount under this (b) shall be one hundred percent (100%) of the average-12 month Bonus earned and paid during the 24 months prior to the date of termination (for example, if Employee had received a Bonus of $92,000 during the 1st through 12th month of such 24-month period and a Bonus of $0 during the 13th through 24th month of such 24-month period, then Employee would receive $46,000 under this (b), in installments on the same dates as the Employer makes payroll payments under its customary practice, In addition, for a period of one year following the termination of his employment, Employee shall continue to receive the same Other Benefits (provided the Other Benefits plans so permit, or, if the Other Benefits plans do not so permit, a substantially equivalent benefit shall be provided to Employee.
Termination of Employee for any Other Reason. The Company shall have the right to terminate Employee’s employment at any time at will for any reason upon written notice to Employee. If Employee’s employment is terminated by the Company (including a termination following the sale of the business or assets of the VDS or Data Display Group, unless Employee continues in the employ of the purchaser thereof in which event Employee is not entitled to any payment other than what is provided for in Section 5.05 below) other than the reasons set forth in Sections 5.01, 5.02 or 5.03 above, the Company shall continue to pay to Employee his then current Base Salary for one year and his Bonus and Supplemental Bonus, if any, prorated and accrued to the date of termination. In the event of termination under Section 5.01, 5.02 or 5.03 the Company shall pay to Employee his then current Base Salary and his Bonus and Supplemental Bonus, if any, prorated and accrued to the date of termination. Further, in any of case of termination under Sections 5.01, 5.02, 5.03 or 5.04 Employee shall not be entitled to receive, unless otherwise required by law, any Other Benefits after the date of termination.
