Non-Renewal By Employee. If Employee gives notice of non-renewal under Section 1, Company shall determine the termination date and will pay accrued and unpaid Base Salary through the termination date, and any payments required under applicable employee benefit plans. If the termination date is before the end of the then current Employment Period, and if Employee signs a Severance Agreement and General Release of claims in a form satisfactory to Company, then:
Non-Renewal By Employee.Company – Severance: If Employeeemployment ends because Company gives notice of non-renewal under Section 1, Company shall determine the termination date and will pay the accrued and unpaid Base Salary through the termination date,date and any payments required under applicable employee benefit plans. If the termination date is before the end of the then current Employment Period, andIn addition, if Employee signs a Severance Agreement and General Release of claims in a form customary and satisfactory to Company, then:Company will pay Employee, in periodic payments in accordance with ordinary payroll practices and deductions, Employee’s current Base Salary for twelve (12) months plus the Target Bonus amount for the applicable year (the “Severance Payments” or “Severance Pay Period”).
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