Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's employment is terminated by the Company without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay and provide benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the Excess Benefit Plans will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the Excess Benefit Plans if Employee were exactly five years older than his actual age and his credit under the Salaried Plan and the Excess Benefit Plans were equal to the greater of his actual service or the amount of service he is deemed to have under paragraph 12(a)(iv), below. If Employee's employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph 12(a), below.
Appears in 4 contracts
Samples: Employment Agreement (Nordson Corp), Employment Agreement (Nordson Corp), Employment Agreement (Nordson Corp)
Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's employment is terminated by the Company Subsidiary without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay cause to be paid and provide provided benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the any Excess Benefit Plans Plan maintained in connection with the Salaried Plan and under this Agreement with respect to the Salaried Plan and any such Excess Benefit Plan will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the any such Excess Benefit Plans Plan if Employee were exactly five years older than his [his][her] actual age and his [his][her] credit under the Salaried Plan and the any such Excess Benefit Plans Plan were equal to the greater of his [his][her] actual service or the amount of service he [he][she] is deemed to have under paragraph 12(a)(ivParagraph 12(a)(B), below. If Employee's employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph Paragraph 12(a), below.
Appears in 3 contracts
Samples: Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/), Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/), Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/)
Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's ’s employment is terminated by the Company Subsidiary without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay cause to be paid and provide provided benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the any Excess Benefit Plans Plan maintained in connection with the Salaried Plan and under this Agreement with respect to the Salaried Plan and any such Excess Benefit Plan will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the any such Excess Benefit Plans Plan if Employee were exactly five years older than his her actual age and his her credit under the Salaried Plan and the any such Excess Benefit Plans Plan were equal to the greater of his her actual service or the amount of service he she is deemed to have under paragraph 12(a)(ivParagraph 12(a)(B), below. If Employee's ’s employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph Paragraph 12(a), below.
Appears in 3 contracts
Samples: Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/), Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/), Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/)
Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's ’s employment is terminated by the Company without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay and provide benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the Excess Benefit Plans will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the Excess Benefit Plans if Employee were exactly five years older than his actual age and his credit under the Salaried Plan and the Excess Benefit Plans were equal to the greater of his actual service or the amount of service he is deemed to have under paragraph 12(a)(iv), below. If Employee's ’s employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph 12(a), below.
Appears in 2 contracts
Samples: Employment Agreement (Nordson Corp), Employment Agreement (Nordson Corp)
Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's ’s employment is terminated by the Company Subsidiary without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay cause to be paid and provide provided benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the any Excess Benefit Plans Plan maintained in connection with the Salaried Plan and under this Agreement with respect to the Salaried Plan and any such Excess Benefit Plan will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the any such Excess Benefit Plans Plan if Employee were exactly five years older than his actual age and his credit under the Salaried Plan and the any such Excess Benefit Plans Plan were equal to the greater of his actual service or the amount of service he is deemed to have under paragraph 12(a)(ivParagraph 12(a)(B), below. If Employee's ’s employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph Paragraph 12(a), below.
Appears in 2 contracts
Samples: Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/), Change in Control and Employment Agreement (Oglebay Norton Co /Ohio/)
Additional Benefit. If a Change in Control occurs and this ------------------ Agreement becomes operative and thereafter Employee's employment is terminated by the Company Subsidiary without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay cause to be paid and provide provided benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the any Excess Benefit Plans Plan maintained in connection with the Salaried Plan and under this Agreement with respect to the Salaried Plan and any such Excess Benefit Plan will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the any such Excess Benefit Plans Plan if Employee were exactly five years older than his [his][her] actual age and his [his][her] credit under the Salaried Plan and the any such Excess Benefit Plans Plan were equal to the greater of his [his][her] actual service or the amount of service he [he][she] is deemed to have under paragraph 12(a)(ivParagraph 12(a)(ii), below. If Employee's employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 8, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph Paragraph 12(a), below.
Appears in 1 contract
Additional Benefit. If a Change in Control occurs and this Agreement becomes operative and thereafter Employee's employment is terminated by the Company without cause or by Employee for good reason, whether such termination occurs before, on, or after the Contract Expiration Date, the Company shall pay and provide benefits to or with respect to Employee in such amounts and at such times so that the aggregate benefits payable to or with respect to Employee under the Salaried Plan and the any Excess Benefit Plans Plan maintained in connection with the Salaried Plan and under this Agreement with respect to the Salaried Plan and any such Excess Benefit Plan will be equal to the aggregate benefits that would have been paid to or with respect to Employee under the Salaried Plan and the any such Excess Benefit Plans Plan if Employee were exactly five years older than his actual age and his credit under the Salaried Plan and the any such Excess Benefit Plans Plan were equal to the greater of his actual service or the amount of service he is deemed to have under paragraph 12(a)(ivParagraph 9(a)(iii), below. If Employee's employment is terminated after a Change in Control by the Company without cause or by Employee for good reason and Employee is entitled to additional benefits by virtue of the additional five years of deemed age provided for in this Paragraph 86A, then the Company shall directly provide such benefits to Employee in the same manner as additional benefits are to be provided to Employee under paragraph 12(aParagraph 9(a), below.
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