Common use of Termination Without Cause or With Good Reason Clause in Contracts

Termination Without Cause or With Good Reason. If the Company terminates Employee's employment hereunder without Cause under Section 5(a) above or if Employee terminates Employee's employment hereunder with Good Reason under Section 5(c) above or if this Agreement expires as a result of the Company's giving notice of non-renewal as contemplated by Section 2 above, then the Company will pay to Employee, after the effective date of such termination, as Employee's sole and exclusive remedy, (A) an amount equal to the Base Compensation (as then in effect) plus an amount of Annual Bonus equal to the target percentage of Base Compensation (as then in effect), and (B) any unpaid bonus payable for the most recently completed calendar year. If the Company terminates Employee's employment without Cause or if Employee terminates Employee's employment hereunder with good reason or if this Agreement expires as a result of the Company's giving notice of non-renewal, Employee shall be under no duty to seek or accept other employment; but if he shall do so, any compensation he shall receive from such other employment will not diminish the Company's obligation to make payments required to the Employee hereunder.

Termination Without Cause or With Good Reason. If the Company terminates Employee's employment hereunder without Cause under Section 5(a) above or if Employee terminates Employee's employment hereunder with Good Reason under Section 5(c) above or if this Agreement expires as a result of the Company's giving notice of non-renewal as contemplated by Section 2 above, then the Company will pay to EmployeeEmployee shall, after the effective date of such termination, as Employee's sole and exclusive remedy, (A) receive an amount equal to (i) the Base Compensation (as then in effect) plus an amount (ii) any unpaid bonus payable for the most recently completed calendar year plus (iii) a portion of Employee's Annual Bonus for the then-current calendar year equal to the target percentage of Base Compensation (as then in effect) multiplied by a fraction, the numerator of which is the number of months (or portions thereof) that have elapsed in the then-current calendar year and the denominator of which is twelve (12), and (B) any unpaid bonus payable for the most recently completed calendar year. If the Company terminates Employee's employment is terminated by the Company without Cause or if by Employee terminates Employee's employment hereunder with for good reason or if this Agreement expires as a result of the Company's giving notice of non-renewal, Employee shall be under no duty to seek or accept other employment; but if he shall do so, any compensation he shall receive from such other employment will therefrom shall not diminish the Company's obligation to make payments required to the Employee hereunder.

Termination Without Cause or With Good Reason. If the Company terminates Employee's employment hereunder without Cause under Section 5(a) above or if Employee terminates Employee's employment hereunder with Good Reason under Section 5(c) above or if this Agreement expires as a result of the Company's giving notice of non-renewal as contemplated by Section 2 above, then the Company will pay to EmployeeEmployee shall, after the effective date of such termination, as Employee's sole and exclusive remedy, receive (A) an amount equal to (i) the Base Compensation (as then in effect) plus an amount of Annual Bonus equal to the target percentage of Base Compensation (as then in effect) multiplied by (ii) two (2), and (B) any unpaid bonus payable for the most recently completed calendar year. If the Company terminates Employee's employment is terminated by the Company without Cause or if by Employee terminates Employee's employment hereunder with for good reason or if this Agreement expires as a result of the Company's giving notice of non-renewal, Employee shall be under no duty to seek or accept other employment; but if he shall do so, any compensation he shall receive from such other employment will therefrom shall not diminish the Company's obligation to make payments required to the Employee hereunder.

Termination Without Cause or With Good Reason. If the Company terminates Employee's employment hereunder without Cause under Section 5(a) above or if Employee terminates Employee's employment hereunder with Good Reason under Section 5(c) above or if this Agreement expires as a result of the Company's giving notice of non-renewal as contemplated by Section 2 above, then the Company will pay to EmployeeEmployee shall, after the effective date of such termination, as Employee's sole and exclusive remedy, (A) an amount equal to receive the Base Compensation (as then in effect) for a period of twelve (12) months after the termination date plus an amount any unpaid bonus payable for the most recently completed calendar year plus a portion of Employee's Annual Bonus equal to the target percentage of Base Compensation (as then in effect) multiplied by a fraction, the numerator of which is the number of months (or portions thereof) that have elapsed in the then-current calendar year and the denominator of which is twelve (12), and (B) any unpaid bonus payable for the most recently completed calendar year. If the Company terminates Employee's employment is terminated by the Company without Cause or if by Employee terminates Employee's employment hereunder with for good reason or if this Agreement expires as a result of the Company's giving notice of non-renewalreason, Employee shall be under no duty to seek or accept other employment; but if he shall do so, any compensation he shall receive from such other employment will therefrom shall not diminish the Company's obligation to make payments required to the Employee hereunder.

Termination Without Cause or With Good Reason. If the Company terminates Employee's employment hereunder without Cause under Section 5(a) above or if Employee terminates Employee's employment hereunder with Good Reason under Section 5(c) above or if this Agreement expires as a result of the Company's giving notice of non-renewal as contemplated by Section 2 above, then the Company will pay to Employee, after the effective date of such termination, as Employee's sole and exclusive remedy, (A) an amount equal to (i) the Base Compensation (as then in effect) plus an amount of Annual Bonus equal to the target percentage of Base Compensation (as then in effect) multiplied by (ii) two (2), and (B) any unpaid bonus payable for the most recently completed calendar year. If the Company terminates Employee's employment without Cause or if Employee terminates Employee's employment hereunder with good reason or if this Agreement expires as a result of the Company's giving notice of non-renewal, Employee shall be under no duty to seek or accept other employment; but if he shall do so, any compensation he shall receive from such other employment will not diminish the Company's obligation to make payments required to the Employee hereunder.