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the terms and conditions thereof. The Executive also shall be entitled
to participate in any group insurance, hospitalization, medical health
and accident, disability or similar plan or program established by the
Company, pursuant to the terms and conditions thereof.
c. The Executive shall participate in such stock plans as the Company may
have and shall be eligible to participate in other long-term incentive
compensation plans which are extended by the Company during the Term of
Employment to executives of the Company exercising comparable
responsibilities and receiving comparable compensation.
4. Duties and Responsibilities of the Executive. During the Term of Employment,
the Executive shall devote his efforts full time to the business of the
Company and its subsidiaries and perform the duties and responsibilities
assigned to him by the Chief Operating Officer and the Board of Directors to
the best of his ability and with reasonable diligence. In determining the
Executive's duties and responsibilities, the Chief Operating Officer and the
Board of Directors shall act in good faith and shall not assign duties and
responsibilities to the Executive that are not appropriate or customary with
respect to the position of the Executive hereunder. Such duties and
responsibilities collectively are referred to as "Services."
5. Termination of Employment.
a. Termination by the Company.
i. Without Cause. If, for any reason other than a "Non-Salary Event" (as
defined herein), (a) the Executive's employment hereunder is
terminated by the Company, (b) the Executive's annual base salary is
reduced below his base salary as of October 1, 1994, or (c) the
Executive's title and responsibilities are diminished during the Term
of Employment and before October 1, 1995, the Executive shall be
entitled to receive, and the Company shall be obligated to pay, his
base salary in effect at the time of the termination until October 1,
1995; thereafter, Executive shall be entitled to receive, and the
Company shall be obligated to pay, his base salary in effect on
September 30, 1994, for the remaining Term of Employment, as if there
had been no termination.
If, for any reason other than a Non-Salary Event (a) the Executive's
employment hereunder is terminated by the Company, (b) the Executive's
annual base salary is reduced below his base salary as of October 1,
1994, or (c) the Executive's title and responsibilities are diminished
during the Term of Employment and on or after October 1, 1995, the
Executive shall be entitled to receive, and the Company shall be
obligated to pay, his base salary
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