Other Terminations by the Company. If the Company shall terminate the Executive's employment without cause pursuant to Section 5(d) hereof, the Company shall pay the Executive the Severance Payment for a period of two (2) years from the Date of Termination. The Executive and his dependents shall also be entitled to any continuation of health insurance coverage rights under any applicable law.
Other Terminations by the Company. If the Company shall terminate the Executive's employment without cause pursuant to Section 5(d) hereof, the Company shall pay the Executive his then current base salary at the Date of Termination pursuant to Section 4(a) for a period of the lesser of (i) the remaining unexpired term of this Agreement or (ii) nine (9) months from the Date of Termination (the "SEVERANCE PAYMENT"). The Company shall pay on behalf of the Executive the cost of any continuation of the then existing health insurance coverage of the Executive for a period of the lesser of (i) the remaining unexpired term of this Agreement, (ii) nine (9) months from the Date of Termination or (iii) until the Executive obtains Full Time Employment (the "SEVERANCE BENEFIT"). For purposes of this Agreement, "FULL TIME EMPLOYMENT" shall mean employment at a subsequent full time employer or in connection with a full time consulting practice or other self-employment or any full time venture founded by the Executive.
Other Terminations by the Company. Subject to Section 6(a) above, upon a termination of the Participant’s service by the Company for no reason, or for any reason other than for Cause, any unvested portion of the Option shall immediately terminate and be forfeited without consideration and the Vested Portion shall remain exercisable until the earlier of (i) one (1) year following such termination of service and (ii) the expiration of the Option Term.
Other Terminations by the Company. If the Company shall terminate the Employee's employment without Cause pursuant to Section 2.2(e) hereof, the Company shall pay the Employee his base salary through the term of the Agreement. At the Employee's own expense, the Employee and his dependents shall also be entitled to any continuation of health insurance coverage rights under any applicable law.
Other Terminations by the Company. If the Company shall terminate the Executive's employment without cause pursuant to Section 5(d) hereof or if there has been a Constructive Discharge pursuant to Section 5(f) hereof, the Company shall pay the Executive the salary payable to the Executive pursuant to and in accordance with Section 4(a) hereof through the Expiration Date. The Company shall also pay to the Executive, within thirty (30) days after the Date of Termination, a proportionate share of the Cash Incentive Compensation due to the Executive for the fiscal year in which the Date of Termination has occurred based upon the percent of the fiscal year that the Executive worked for the Company prior to such termination. The Executive and his dependents shall also be entitled to any continuation of health insurance coverage rights under any applicable law. In addition, the Company shall keep in force existing health insurance covering the Executive's dependents through the Expiration Date on the basis in effect at the date of the termination of the Executive's employment, subject to the Company's right to amend, modify or terminate any such plan. The Executive and his dependents shall also be entitled to any continuation of coverage rights under any applicable law.
Other Terminations by the Company. If the Company terminates the Executive's employment without Cause pursuant to Section 5(d) or if the Executive resigns for Good Reason pursuant to Section 5(f), the Company shall pay the Executive the Salary payable pursuant to and in accordance with Section 4(a) for the greater of (i) the period beginning on the Date of Termination and ending on the Expiration Date or (ii) a period of twelve (12) months from the Date of Termination (either period referred to herein as the "SEVERANCE PERIOD"). In the event that the Cash Incentive Objectives are met at the end of the fiscal year in which the Executive is terminated by the Company without Cause pursuant to Section 5(d) or the Executive resigns for Good Reason pursuant to Section 5(f), the Company shall also pay to the Executive, within thirty (30) days after receipt by the Company of the audited financial statements for such fiscal year and confirmation that the Cash Incentive Objectives have been met, a proportionate share of the Cash Incentive Compensation that may otherwise have been due to the Executive for the fiscal year in which the Date of Termination has occurred based upon the number of days in the fiscal year that the Executive worked for the Company prior to such termination. In addition, for a period of twelve (12) months from the Date of Termination, the Company shall keep in force the Executive's existing health insurance coverage on the same basis as in effect at the Date of Termination by (i) continuing the Executive's coverage under the Company's group health plan, subject to the Company's right to amend, modify or terminate any such plan, or (ii) continuing to make the payments for the Executive's private health insurance for the Executive and his eligible dependents, in accordance with the Executive's election pursuant to
Other Terminations by the Company. Paragraph 4b. and 4c. of the Agreement shall hereby be modified by the deletion of the following language: “(ii) The pro-rata portion of Executive’s Bonus as if Executive reached 100% Goal Attainment (or other amount to be determined by the Board in their discretion),”
Other Terminations by the Company. If the Company shall terminate the Employee's employment without cause pursuant to Section III.2(d) hereof, or if the Employee terminates his employment with the Company pursuant to Section III.2(e) hereof for "Good Cause", the Company shall pay the Employee his base salary and bonus payable through the Date of Termination and for the Severance Period. If the Employee terminates his employment with the Company pursuant to Section III.2(e) hereof without "Good Cause," the Company shall have no obligation to compensate the Employee following the Date of Termination. In any event, at the Employee's own expense, the Employee and his dependents shall be entitled to any continuation of health insurance coverage rights under any applicable law.
Other Terminations by the Company. If the Company shall terminate the Executive's employment without cause pursuant to Section 5(d) hereof, the Company shall pay the Executive (i) his salary and any bonus then payable through the Date of Termination pursuant to Section 4(d)(ii) of the Agreement, and (ii) the consulting payments set forth in Section 6(j) of
Other Terminations by the Company. If the Company shall terminate the Executive's employment without Cause pursuant to Section 5(d) hereof or if there has been a Constructive Discharge pursuant to Section 5(f) hereof, the Company shall pay the Executive the salary payable to the Executive pursuant to and in accordance with Section 4(a) hereof for the lesser of a period of two (2) years from the Date of Termination or the remaining term hereunder; PROVIDED, HOWEVER, that in no event shall the Executive receive less than one (1) year's such salary. The Executive and his dependents shall also be entitled to any continuation of health insurance coverage rights to the extent required by any applicable law.
