Common use of Payments Due Upon Termination Clause in Contracts

Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 5(d) or (e) above, then any unvested Options held by Executive shall immediately vest and the Company shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve (12) months and reimburse Executive for the costs of obtaining comparable medical benefits for twelve (12) months, unless the Executive obtains other employment which provides for comparable medical benefits as Executive received while employed by the Company. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though the effective date of termination and the Company shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Executive shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Executive’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company.

Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 5(d) or (e) above, then (a) any unvested Options held by Executive shall immediately vest and vest, (b) the Company shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve (12) months and (c) the Company shall reimburse Executive for the costs of obtaining comparable medical benefits for twelve (12) months, unless the Executive obtains other employment which provides for comparable medical benefits as Executive received while employed by the Company. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though the effective date of termination and the Company shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Executive shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Executive’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company.

Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 5(d) or (e6(d) above, then (i) any unvested Options stock options held by Executive shall immediately vest and vest, (ii) the Company shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve (12) months and (iii) the Company shall reimburse Executive for the costs of obtaining comparable medical benefits for twelve (12) months, unless the Executive obtains other employment which that provides for comparable medical benefits as Executive received while employed by the Company. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though Base Salary through the effective date of termination and the Company shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments under this Section, and as a material condition thereof, Executive shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Executive’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company.

Payments Due Upon Termination. In the event Executive’s employment is terminated pursuant to Section 5(d4(d) or (e4(e) above, then any unvested Options held by Executive shall immediately vest and the Company shall continue pay to Executive his base salary as in effect on the date of termination for a period of twelve six (126) months and the Company shall reimburse Executive for the costs of obtaining comparable medical benefits for twelve six (126) months, unless the Executive obtains other employment which provides for comparable medical benefits as Executive received while employed by the Company. In the event Executive’s employment is terminated for any other reason, then Executive shall be entitled to receive his base salary though the effective date of termination and the Company shall reimburse Executive for any reasonable expenses previously incurred for which Executive had not been reimbursed prior to the termination of employment. Executive acknowledges and agrees that prior to receiving any payments which may be due under this Section, and as a material condition thereof, Executive shall, if requested by the Company, sign and agree to be bound by a general release of claims against the Company related to Executive’s employment (and termination of employment) with the Company in such form as the Company may deem appropriate. Upon Executive’s termination of employment for any reason, upon the request of the Board, he shall resign any memberships or positions that he then holds with the Company.