Common use of At Other Times Clause in Contracts

At Other Times. If at any other time Electro Rent terminates Executive other than for Cause, or if Executive terminates for Good Reason, then in addition to amounts that Executive is entitled to receive under Section 5.1, Executive shall be entitled to receive as a severance payment an amount equal to one year of Base Salary in effect at that time, payable, at the Company's option, either (i) in monthly installments over one year or (ii) as one accelerated lump sum as soon as practically possible, with an appropriate discount to reflect such acceleration. In addition, in both cases 5.2.1 and 5.2.2, (1) upon payment of Electro Rent's bonus pool (if any) for its employees (including Executive) for the year in which the termination occurs (the "Final Bonus Pool"), Executive will be paid (at the same time as other bonuses from the Final Bonus Pool are paid) a share of any Final Bonus Pool equal to Executive's share of the comparable bonus pool for the immediately prior year times the percentage of the year which passed prior to the Date of Termination and (2) the Company will reimburse Executive for any COBRA payments for the 12 months following the Date of Termination.