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y, and (ii) Executive provides the Company with itemized accounts, receipts and other documentation for such expenses as are reasonably required by the Company. The Company shall also reimburse Executive for relocation expenses incurred within six months of the date hereof in connection with Executive39。s regular payroll schedule (Base Salary), less applicable withholdings and deductions. The Base Salary will be subject to increase at the sole discretion of the Board of Directors of the Company. . PERFORMANCE BONUS. Executive shall be entitled to bonuses in accordance with the Company bonus plan for Company officers to be established and implemented by the Board of Directors of the Company payable in accordance with the Company39。s standard policy, provided that Executive shall be entitled to a guaranteed minimum annual bonus of $ _________ (the Guaranteed Bonus) during the Employment Term. The Company will deduct and withhold from any bonus payable to Executive hereunder any and all applicable Federal, state and local ine and employment withholding taxes and any other amounts required to be deducted or withheld by the Company under applicable statute or regulation. . PARTICIPATION IN BENEFIT PLANS. During the Employment Term, Executive shall be entitled to participate in any pension, group insurance, Section 401(k), vision, dental, medical hospitalization, annual physical, disability or other similar benefit plan, to the extent permitted by law, that may from time to time be adopted by the Board of Directors of the Company, that is generally available to the other executive officers of the Company. The Company reserves the right to amend, modify or terminate any employee benefits at any time for any reason. Until such time as the Company39。s relocation to the New York City area (including the real estate mission on the sale of Executive39。s employment with Employer will continue unless terminated by Executive or the Company as set forth in Section .4. TERMINATION OF EMPLOYMENT. . METHOD OF TERMINATION. Executive39。 or C. Date that written notice is deemed given or made by the Company to Executive of termination for Cause (for purposes of this Employment Agreement, Cause shall have the meaning set forth in that certain Restricted Stock Purchase Agreement dated as of _________,_________,_________(M/D/Y) (the Restricted Stock Purchase Agreement) between the Company and Executive)。s and the Company39。s employment with the Company. Executive will also receive an immediate lump payment for all unpaid and accrued vacation up to the Date of Termination. . RESIGNATION AS AN OFFICER AND DIRECTOR. In the event Executive39。s and its affiliates39。s or any affiliate39。s Proprietary Information, trade secrets and other intellectual property are such that a breach of his covenant not to pete or confidentiality obligations contained in this Section 5 of this Employment Agreement would necessarily and inevitably result in a disclosure, misappropriation and misuse of such Proprietary Information, trade secrets and other intellectual property. Accordingly, Executive acknowledges and agrees that such a breach would inflict unique and irreparable harm upon the Company and that the Company shall be entitled, in addition to its other rights and available remedies, to enforce, by injunction or decree of specific performance, Executive39。s own account or for any other person, firm or entity without first obtaining the Company39。 provided, however, that Executive may not assign, transfer or delegate his rights or obligations hereunder and any attempt to do so shall be void. . DEDUCTIONS. All amounts paid to Executive hereunder are subject to all withholdings and deductions required by law, as authorized under this Employment Agreement, and as authorized from time to time. . ENTIRE AGREEMENT. This Employment Agreement contains the entire agreement of the parties with respect to the subject matter hereof, and all prior agreements, written or oral, are merged herein and are of no further force or effect. Executive has had an opportunity to review this Employment Agreement with counsel of his own choice. . AMENDMENT. This Employment Agreement may be modified or amended only by a written agreement si