more than thirty percent (30%) of the Voting Power then exceeds the combined beneficial ownership (as so defined) of Voting Power of the Mitchell Family, (ii) a majority of the members
of the Companys Board of Directors shall not be Continuing Directors (as defined below) or (iii) the sale of all or substantially all of the Companys assets.
(g) Continuing Director shall mean with respect to any 12-month period, individuals that at the beginning of such
period constituted the Board of Directors of the Company (together with any new directors whose election by such board or whose nomination for election by the stockholders of the Company was approved by a vote of at least a majority of the directors
of the Company then still in office who were either directors at the beginning of such period or whose election or nomination was previously so approved).
(h) Mitchell Family shall mean (a) Lee Roy or Tandy Mitchell, or the estate of Lee Roy Mitchell or Tandy
Mitchell and (b) any trust or other arrangement for the benefit of a Mitchell.
5.6 General Release. Except where the
termination is the result of Executives death and notwithstanding the foregoing, no payment shall be made by the Company to Executive under this Section 5 unless otherwise required by state, local or federal law, until Executive executes
a general release of all claims in a form reasonably approved by the Company. The terms of any such general release will not, without the written consent of the Executive, terminate any continuing payment or benefit obligations hereunder by the
Company to the Executive. Notwithstanding the foregoing, if the Company fails to deliver a form of general release to the Executive by the forty-fifth (45th) day following the date of termination, the Executive will be deemed to have satisfied
the condition of this Section 5.6(a) without being required to execute a general release.
5.7 Office Support. Upon the
termination of Executives employment hereunder for any reason except for Cause, the Company shall make available to Executive, at the Companys expense, an office and support services, (including, without limitation, telephone, telefax
and internet access), at the Companys election, either at the Companys main office or at another suitable office space in the Dallas/Plano area, for a period not to exceed three (3) months following the date of such termination.
General. Any dispute, controversy or claim arising out of or relating to this Agreement, the breach hereof or the coverage or enforceability of this arbitration provision shall be settled by arbitration in Dallas, Texas (or such other
location as the Company and Executive may mutually agree), conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as such rules are in effect in Dallas/Fort Worth, Texas on the date of delivery of
demand for arbitration. The arbitration of any such issue, including the determination of the amount of any damages suffered by either party hereto by reason of the acts or omissions of the other, shall be to the exclusion of any court of law.
Notwithstanding the foregoing, either party hereto may seek any equitable remedy in a court to enforce the provisions of this Agreement, including but not limited to an action for injunctive relief or attachment, without waiving the right to
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