Certain Terminations. If Executive is terminated without cause or terminates his employment hereunder with Good Reason, (1) the Company shall make the insurance premium payments contemplated by COBRA for a period of 12 months after such termination, (2) the Executive shall be entitled to receive a pro rated portion of any annual bonus to which the Executive would have been entitled for the year during which the termination occurred had the Executive not been terminated and (3) all of Executive's options to purchase Metals stock shall vest thereupon.
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Samples: Founders' Employment Agreement (Metals Usa Inc), Founders' Employment Agreement (Metals Usa Inc), Founders' Employment Agreement (Metals Usa Inc)
Certain Terminations. If Executive is terminated without cause or terminates his employment hereunder with Good Reason, (1) the Company shall make the insurance premium payments contemplated by COBRA for a period of 12 months after such termination, (2) the Executive shall be entitled to receive a pro rated portion of any annual bonus to which the Executive would have been entitled for the year during which the termination occurred had the Executive not been terminated and terminated, (3) all of Executive's options to purchase Metals stock shall vest thereupon, and (4) upon satisfaction of Company's obligations hereunder, Executive agrees to release Company of any further obligation.
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