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

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's employment with the Company without Cause, and the Executive shall have the right to resign with good reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reason, then the Company shall, within two (2) weeks of such termination, make an immediate lump sum payment in the amount of one time the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period"), net of applicable taxes, plus any Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 for the remainder of the term, including the accelerated full vesting of Stock Options. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's employment with the Company without Cause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reasonGood Reason, then the Company shall, within two (2) weeks of such termination, make an immediate lump sum payment in the amount of one time the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period"), net of applicable taxes, plus any Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 for the remainder of the term, including the accelerated full vesting of Stock Options. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's ’s employment with the Company without Cause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reasonGood Reason, then the Company shall, within two (2) weeks 10 days of such termination, make an immediate lump sum payment in the amount of one time (i) two times the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period")Salary, net of applicable taxes, plus any (ii) the present value of the Base Salary and Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 4(c) for the remainder of the term, including the accelerated full vesting of Stock OptionsOptions and any gross up of lump sum distributions due to tax effect. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's employment with the Company without Cause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reasonGood Reason, then the Company shall, within two (2) weeks 10 days of such termination, make an immediate lump sum payment in the amount of one time (i) two times the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period")Salary, net of applicable taxes, plus any (ii) the present value of the Base Salary and Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 4(c) for the remainder of the term, including the accelerated full vesting of Stock OptionsOptions and any gross up of lump sum distributions due to tax effect. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, 5 (“Termination”) the Board shall have the right to terminate the Executive's employment ’s appointment with the Company without Causecause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company company terminates the Executive without Cause cause or the Executive terminates for good reason, Good Reason then the Company shall, shall within two (2) weeks 10 days of such termination, termination make an immediate lump sum payment in the amount of one time (i) two times the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period"), base salary net of applicable taxestaxes (ii) present value of the base salary and bonuses, plus any Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 4, for the remainder of the term, term including the accelerated full vesting of Stock Optionsstock options and any gross up lump-sum distributions due to the tax effect. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable Applicable federal rates under the Internal Revenue Code. Further, if Executive executive is terminated without Cause cause or resigns with Good Reasongood reason, all stock options held by Executive executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's employment with the Company without Cause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reasonGood Reason, then the Company shall, within two (2) weeks 10 days of such termination, make an immediate lump sum payment in the amount of one time (i) two times the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period")Salary, net of applicable taxes, plus any (ii) the present value of the Base Salary and Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 4(c) for the remainder of the term, including the accelerated full vesting of Stock OptionsOptions and any gross up of lump sum distributions due to tax effect. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested. All deferred salaries to include any and all notes on the books due executive shall become due and payable within 24 hours of termination.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's employment with the Company without Cause, and the Executive shall have the right to resign with good reasonGood Reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reasonGood Reason, then the Company shall, within two (2) weeks 10 days of such termination, make an immediate lump sum payment in the amount of (i) one time times the applicable Base Salary for a period equal to two (2) years following the date of termination (the "Severance Period")Salary, net of applicable taxes, plus any (ii) the present value of Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 4(c) for the remainder of the term, including the accelerated full vesting of Stock OptionsOptions that would have been earned during the succeeding twelve months of employment if the Executive had not been terminated. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 5, the Board shall have the right to terminate the Executive's ’s employment with the Company without Cause, and the Executive shall have the right to resign with good reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reason, then the Company shall, within two (2) weeks of such termination, make an immediate lump sum payment or by note as mutually agreed in the amount of one time the applicable Base Salary for a period equal to two one (21) years year following the date of termination (the "“Severance Period"”), net of applicable taxes, plus any Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 for the remainder of the term, including the accelerated full vesting of Stock Options. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.

Without Cause or With Good Reason. Notwithstanding any other provision of this Section 56, the Board shall have the right to terminate the Executive's ’s employment with the Company without Cause, and the Executive shall have the right to resign with good reason, at any time. If the Company terminates the Executive without Cause or the Executive terminates for good reason, then the Company shall, within two (2) weeks of such termination, make an immediate lump sum payment or by note as mutually agreed in the amount of one time the applicable Base Salary for a period equal to two one (21) years year following the date of termination (the "“Severance Period"”), net of applicable taxes, plus any Bonuses as set by the Board of Directors and duly approved (based on the assumption that the Company would achieve all performance targets for a 100% bonus), and the Company shall provide the Additional Benefits provided for under Section 4 for the remainder of the term, including the accelerated full vesting of Stock Options. The present value of the aggregate unpaid Base Salary and Bonuses shall be determined under the then applicable federal rates under the Internal Revenue Code. Further, if Executive is terminated without Cause or resigns with Good Reason, all stock options held by Executive shall become fully vested.