Document ID: 11192

Text:
(d)If during the remaining term hereof after the Change of Control Date (i) Executive's employment is terminated by the Company; or (ii) there shall have occurred a material reduction in Executive's compensation or employment related benefits, or a material change in Executive's status, working conditions, management responsibilities or titles, and Executive voluntarily terminates his relationship with the Company within sixty (60) days of an such occurrence, or the last in a series of occurrences, then Executive shall be entitled to receive, in addition to the compensation provided for in Section 5(b), and subject to the provisions of subsections (e) and (f) below, a lump sum payment equal to two hundred ninety-nine percent (299%) of Executive's base period income as determined under (e) below, plus an additional amount representing a gross-up of any state or federal taxes payable by Executive as a result of any such payment. Such amount will be paid to Executive within thirty (30) days after his termination of his affiliation with the Company.

Named Entities:
145
146
Percentage

Tokenized Text:
(
d
)
If
during
the
remaining
term
hereof
after
the
Change
of
Control
Date
(
i
)
Executive
'
s
employment
is
terminated
by
the
Company
;
or
(
ii
)
there
shall
have
occurred
a
material
reduction
in
Executive
'
s
compensation
or
employment
related
benefits
,
or
a
material
change
in
Executive
'
s
status
,
working
conditions
,
management
responsibilities
or
titles
,
and
Executive
voluntarily
terminates
his
relationship
with
the
Company
within
sixty
(
60
)
days
of
an
such
occurrence
,
or
the
last
in
a
series
of
occurrences
,
then
Executive
shall
be
entitled
to
receive
,
in
addition
to
the
compensation
provided
for
in
Section
5
(
b
)
,
and
subject
to
the
provisions
of
subsections
(
e
)
and
(
f
)
below
,
a
lump
sum
payment
equal
to
two
hundred
ninety-nine
percent
(
299
%
)
of
Executive
'
s
base
period
income
as
determined
under
(
e
)
below
,
plus
an
additional
amount
representing
a
gross-up
of
any
state
or
federal
taxes
payable
by
Executive
as
a
result
of
any
such
payment
.
Such
amount
will
be
paid
to
Executive
within
thirty
(
30
)
days
after
his
termination
of
his
affiliation
with
the
Company
.