Common use of Termination by the Company without Cause or for Good Reason Clause in Contracts

Termination by the Company without Cause or for Good Reason. (a) The Company shall have the right to terminate Executive’s employment with the Company pursuant to this Section 6.1 at any time, in accordance with Section 6.6, without “Cause” (as defined in Section 6.2(b) below) by giving notice as described in Section 8.1 of this Agreement. A termination pursuant to Section 6.5 below is not a termination without “Cause” for purposes of receiving the benefits described in this Section 6.1. (b) If the Company terminates Executive’s employment at any time without Cause or Executive terminates his employment with the Company for Good Reason and provided that such termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-l(h), without regard to any alternative definition thereunder, a “Separation from Service”), then Executive shall be entitled to receive the Accrued Obligations (defined below). If Executive complies with the obligations in Section 6.l(c) below, Executive shall also be eligible to receive the following severance benefits: (1) an amount equal to Executive’s then current Base Salary for one (1) year, less all applicable withholdings and deductions (“Severance”), paid in equal installments beginning on the Company’s first regularly scheduled payroll date following the Release Effective Date (as defined in Section 6.l(c) below), with the remaining installments occurring on the Company’s regularly scheduled payroll dates thereafter and (2) a pro rata portion of Executive’s Target Amount for the performance year in which Executive’s termination occurs, with such pro rata portion calculated based upon the number of days that Executive was employed during such performance year divided by the total number of days in such performance year, payable as a lump sum payment on the Release Effective Date (as defined below) (“Bonus Severance”). (c) Executive will be paid all of the Accrued Obligations on the Company’s first payroll date after Executive’s date of termination from employment or earlier if required by law. Executive shall receive the Severance and Bonus Severance pursuant to Section 6.l(b) of this Agreement and the payments pursuant to Section 6.l(d) if: (i) by the 60th day following the date of Executive’s Separation from Service, he has signed and delivered to the Company a separation agreement containing an effective, general release of claims in favor of the Company and its affiliates and representatives, in a form acceptable to the Company (the “Release”), which cannot be revoked in whole or part by such date (the date that the Release can no longer be revoked is referred to as the “Release Effective Date”); and (ii) if he holds any other positions with the Company, he resigns such position(s) to be effective no later than the date of Executive’s termination date (or such other date as requested by the Board); (iii) he returns all Company property; (iv) he complies with his post-termination obligations under this Agreement and the Proprietary Information Agreement; and (v) he complies with the terms of the Release, including without limitation any non-disparagement and confidentiality provisions contained in Release. The separation agreement will not release Senseonics Holdings, Inc. from its obligations to Executive under the Indemnification Agreement nor shall it release the Company from its indemnification obligations under the Company’s articles of incorporation, by-laws or general corporation law, to the extent such obligations arise from matters or conduct occurring prior to the date of Executive’s separation from the Company. To the extent that any severance payments are

Termination by the Company without Cause or for Good Reason. (a) The Company shall have the right to terminate Executive’s 's employment with the Company pursuant to this Section 6.1 at any time, in accordance with Section 6.6, without “"Cause” " (as defined in Section 6.2(b) below) by giving notice as described in Section 8.1 of this Agreement. A termination pursuant to Section 6.5 below is not a termination without “"Cause” " for purposes of receiving the benefits described in this Section 6.1. (b) If the Company terminates Executive’s 's employment at any time without Cause or Executive terminates his Executive's employment with the Company for Good Reason and provided that such termination constitutes a “"separation from service” " (as defined under Treasury Regulation Section 1.409Al.409A-l(h), without regard to any alternative definition thereunder, a “"Separation from Service”Service ''), then Executive shall be entitled to receive the Accrued Obligations (defined below). If Executive complies with the obligations in Section 6.l(c6.1(c) below, Executive shall also be eligible to receive the following severance benefits: (1) an amount equal to Executive’s 's then current Base Salary for one nine (19) yearmonths, less all applicable withholdings and deductions (“"Severance”''), paid in equal installments beginning on the Company’s 's first regularly scheduled payroll date following the Release Effective Date (as defined in Section 6.l(c) below), with the remaining installments occurring on the Company’s 's regularly scheduled payroll dates thereafter and (2) a pro rata portion of Executive’s 's Target Amount for the performance year in which Executive’s 's termination occurs, with such pro rata portion calculated based upon the number of days that Executive was employed during such performance year divided by the total number of days in such performance year, payable as a lump sum payment on the Release Effective Date (as defined below) (“Bonus Severance”). (c) Executive will be paid all of the Accrued Obligations on the Company’s first payroll date after Executive’s date of termination from employment or earlier if required by law. Executive shall receive the Severance and Bonus Severance pursuant to Section 6.l(b) of this Agreement and the payments pursuant to Section 6.l(d) if: (i) by the 60th day following the date of Executive’s Separation from Service, he has signed and delivered to the Company a separation agreement containing an effective, general release of claims in favor of the Company and its affiliates and representatives, in a form acceptable to the Company (the “Release”), which cannot be revoked in whole or part by such date (the date that the Release can no longer be revoked is referred to as the “Release Effective Date”); and (ii) if he holds any other positions with the Company, he resigns such position(s) to be effective no later than the date of Executive’s termination date (or such other date as requested by the Board); (iii) he returns all Company property; (iv) he complies with his post-termination obligations under this Agreement and the Proprietary Information Agreement; and (v) he complies with the terms of the Release, including without limitation any non-disparagement and confidentiality provisions contained in Release. The separation agreement will not release Senseonics Holdings, Inc. from its obligations to Executive under the Indemnification Agreement nor shall it release the Company from its indemnification obligations under the Company’s articles of incorporation, by-laws or general corporation law, to the extent such obligations arise from matters or conduct occurring prior to the date of Executive’s separation from the Company. To the extent that any severance payments arethe