Other than Cause or Disability. Employee's employment is at will and the Company may terminate this Agreement and Employee's employment for any reason deemed sufficient by the Company, including by reason of Employee's Disability, upon delivery of a Notice of Termination (or as of such date as is specified therein). However, in the event that Employee's employment is terminated by the Company other than for Cause or by reason of his Disability, then in addition to paying to Employee all accrued and unpaid wages due to Employee for periods ended on or prior to the effective date of the termination (including payment for any accrued and unused vacation time and the Annual Bonus accrued through the Date of Termination), the Company shall pay to Employee (i) the Base Compensation that Employee would have earned during the remainder of Term of this Agreement, and (ii) if such termination occurs after the first date as of which Employee has been employed hereunder for at least sixteen (16) consecutive calendar months, then the Company also shall pay to Employee the additional sum of One Hundred Thousand Dollars ($100,000). Such amounts shall be paid in equal periodic installments at the time when, and in the periodic amounts in which, such Base Compensation would have been paid to Employee if he had remained employed during the remainder of the Term hereof.
Other than Cause or Disability. Employee's employment is at will and the Company may terminate this Agreement and Employee's employment for any reason deemed sufficient by the Company, including by reason of Employee's Disability, upon delivery of a Notice of Termination (or as of such date as is specified therein). However, if Employee's employment is terminated by the Company, after Employee has been employed by the Company for at least six months, other than for Cause or by reason of his Disability, then in addition to paying to Employee all accrued and unpaid wages due to Employee for periods ended on or prior to the effective date of the termination (including payment for any accrued and unused vacation time as of the Date of Termination), the Company shall pay to Employee the sum of Thirty Five Thousand Dollars ($35,000). Such amount shall be paid in equal periodic installments over a period of three (3) months following the Date of Termination, with such periodic installments made at the time when, and in the periodic amounts in which, Base Compensation would have been paid to Employee if he had remained employed during the remainder of the Term hereof.
Other than Cause or Disability. Employee's employment is at will and the Company may terminate this Agreement and Employee's employment for any reason deemed sufficient by the Company, including by reason of Employee's Disability, upon delivery of a Notice of Termination (or as of such date as is specified therein). However, in the event that Employee's employment is terminated by the Company other than for Cause or by reason of his Disability, then in addition to paying to Employee all accrued and unpaid wages due to Employee for periods ended on or prior to the effective date of the termination (including payment for any accrued and unused vacation time and the Annual Bonus accrued through the Date of Termination), the Company shall pay to Employee severance consideration in the amount described in Section 5.4, below.
