Common use of Non-Renewal by the Company, Without Cause or for Good Reason Clause in Contracts

Non-Renewal by the Company, Without Cause or for Good Reason. The Employment Term and the Executive's employment hereunder may be terminated by the Executive for Good Reason or by the Company without Cause or on account of the Company's failure to renew the Agreement in accordance with Section 1. In the event of such termination, the Executive shall be entitled to receive the Accrued Amounts and, the Executive shall be entitled to receive the following: (a) a lump sum payment equal to three times the sum of the Executive's Base Salary for the year in which the Termination Date occurs (or if greater, the year immediately preceding the year in which the Change in Control occurs) payable in equal installments in accordance with the Company's normal payroll practices, but no less frequently than monthly, which shall commence on the Termination Date; (b) a grant of ten million (10,000,000) non-dilutive shares of the Company’s common stock, par value $0.001 (the “Common Stock”), to be issued no later than thirty (30) days following the Termination Date ("Executive Shares”). The treatment of any outstanding equity awards shall be determined in accordance with the terms of such awards; (c) notwithstanding the terms of any applicable award agreements, all outstanding unvested stock options granted to the Executive shall become fully vested and exercisable for the remainder of their full term.