Document ID: 16006

Text:
If Executive terminates his employment during the Term other than for a Good Reason and provides at least three months advance written notice of termination (even if the Required Notice is less than three months), Executive shall be entitled to a single lump sum payment upon termination equal to 50% of his annualized salary at the time the notice of termination is delivered and the costs of continuing family health insurance coverage under COBRA for 12 months following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive.

Named Entities:
52
53
Percentage
77
77
Act

Tokenized Text:
If
Executive
terminates
his
employment
during
the
Term
other
than
for
a
Good
Reason
and
provides
at
least
three
months
advance
written
notice
of
termination
(
even
if
the
Required
Notice
is
less
than
three
months
)
,
Executive
shall
be
entitled
to
a
single
lump
sum
payment
upon
termination
equal
to
50
%
of
his
annualized
salary
at
the
time
the
notice
of
termination
is
delivered
and
the
costs
of
continuing
family
health
insurance
coverage
under
COBRA
for
12
months
following
termination
of
employment
,
provided
,
that
the
Company
may
,
in
its
sole
discretion
,
(
A
)
pay
such
amounts
directly
to
the
applicable
provider
or
(
B
)
pay
an
equivalent
amount
directly
to
Executive
.