Effect of Termination on Compensation. In the event the Corporation elects to terminate this Agreement pursuant to Section 3.5 hereof, the Employee shall be entitled to the compensation as provided for in this Agreement for the longer of (a) the remainder of the then current term of this Agreement or (b) nine (9) months. In the event Employee elects to terminate this Agreement pursuant to Section 3.5 hereof, the Employee shall be entitled to compensation, as provided for in this Agreement, for the longer of (a) one-half (1/2) of the remainder of the then current term of this Agreement or (b) six (6) months.
Appears in 3 contracts
Sources: Employment Agreement (Touchstone Software Corp /Ca/), Employment Agreement (Touchstone Software Corp /Ca/), Employment Agreement (Touchstone Software Corp /Ca/)