If your employment terminates because of your voluntary termination of employment more than ______ months after the latter of (a) the effective date of this employment agreement or (b) the effective date of any future written amendment to the employment agreement, then Company will pay you your basic compensation to the earlier of the data which you qualify to retire under the terms of companies tax qualified retirement plan or the end of the period during which her post termination obligations under this agreement are in force.
In the event the company terminates the executive’s employment for cause, he shall be entitled to:
(i) the base salary through the date of the termination of employment for cause;
(ii) any amounts earned, accrued or owing but not yet paid under the terms of this agreement; and
(iii) other benefits in accordance with applicable plans and programs of the company.
(a) any event and executive staff or if executive’s voluntary resignation is accepted by the company, based salary payments and all other compensation to be paid pursuant to this agreement shall cease immediately; provided, however, in the event of death the estate of executive shall receive any base salary due and not yet paid as well as any bonus compensation earned but not yet paid through the date of the executive’s death. In the event of resignation, the executive shall receive any base salary due and not yet paid through the date of the resignation of executive takes effect, as well as any bonus compensation earned but not yet paid.
(b) if, during the term of employment, company terminates the employment of executive for cause, a company shall immediately have the right to terminate this agreement without further obligation.
(c) if, during the term of employment, the executive’s employment is terminated other than for cause, then, provided that executive remains ready, willing and able to render exclusive services to company, executive shall continue to be paid the amounts provided for in this agreement.
Nothing herein shall obligate company to utilize executive’s services, and company shall have fulfilled all of its obligations hereunder by payment to executive of the applicable amounts set forth in this paragraph. The payments provided in this paragraph are in lieu of any other severance payment or protection under any plan that may now or hereafter exist.