Severance Payment. In the even the Company terminates the Executive's employment without cause, it will be obligated to pay the Executive severance pay equal to two years compensation for years one and two, three years for year three, four years for year four, and five years for year five of employment served by the Executive.

If the Executive is terminated by the Company without Cause or by Executive for Good Reason after the end of the Initial Period and before the end of the third Extension, the Severance Payment will be equal to twelve (12) months of Executive's annual Base Compensation.