Common use of Termination Without Cause or Constructive Termination Without Cause Clause in Contracts

Termination Without Cause or Constructive Termination Without Cause. If the Employment Period is terminated pursuant to Section 3(c) or 3(d), then Employee shall be entitled to receive from HoldCo continued payment of Employee’s base salary and bonus pursuant to the terms hereof until Employee’s 65th birthday. Any Equity Interest awarded to Employee shall be governed as provided for under the applicable option plan or award or other agreement relating to the Equity Interest; provided, however, that notwithstanding any provisions of the applicable option plan or award or other agreement relating to any Equity Interest awarded to Employee, any Equity Interest then held by Employee shall vest. Employee shall be entitled during the Employment Period to continue to receive the benefits to which he would otherwise be entitled pursuant to Section 2(c) until such time as Employee is eligible to receive comparable benefits from subsequent employment or self-employment. Such continuation of compensation and benefits shall continue until Employee’s 65th birthday, notwithstanding any earlier death of Employee.