Common use of Amount of Severance Benefits Clause in Contracts

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to one (1) times the Executive’s annual base salary in effect at the time of the Termination of Employment. In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “Severance Period”): If on the last date of the Executive’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA continuation health coverage for the Executive and his eligible dependents for the Severance Period or if less, the period during which the Executive and his eligible dependents are entitled to COBRA continuation coverage. The payments described in this Section 3 shall be collectively referred to in this Agreement as the “Severance Benefit.” A termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to the sum of (1) one (1) times the Executive’s annual base salary in effect at the time of the Termination of EmploymentEmployment plus (2) the value of his accrued, but unused, vacation as determined as of the effective date of his Termination of Employment (the ‘Lump Sum Benefit’). In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “‘Severance Period”’): If on (1) continuation of memberships in the last date of the ExecutiveYMCA and Sam’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time(2) continuation of prepaid legal benefits. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA health continuation health coverage for the Executive and his eligible dependents for the Severance Period or or, if less, the period during which the Executive and his eligible dependents are entitled to COBRA health continuation coverage. The payments Lump Sum Benefit and other benefits described in this Section 3 3(a) shall be collectively referred to in this Agreement as the “‘Severance Benefit.” A ’ Notwithstanding anything to the contrary herein, a termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.”

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to one two and a half (12.5) times the Executive’s annual base salary in effect at the time of the Termination of Employment. In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “Severance Period”): If on the last date of the Executive’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA continuation health coverage for the Executive and his eligible dependents for the Severance Period or if less, the period during which the Executive and his eligible dependents are entitled to COBRA continuation coverage. The payments described in this Section 3 shall be collectively referred to in this Agreement as the “Severance Benefit.” A termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to one the sum of (1) one and one half (1.5) times the Executive’s annual base salary in effect at the time of the Termination of EmploymentEmployment plus (2) the value of his accrued, but unused, vacation as determined as of the effective date of his Termination of Employment (the ‘Lump Sum Benefit’). In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “‘Severance Period”’): If on (1) continuation of memberships in the last date of the ExecutiveYMCA and Sam’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time(2) continuation of prepaid legal benefits. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA health continuation health coverage for the Executive and his eligible dependents for the Severance Period or or, if less, the period during which the Executive and his eligible dependents are entitled to COBRA health continuation coverage. The payments Lump Sum Benefit and other benefits described in this Section 3 3(a) shall be collectively referred to in this Agreement as the “‘Severance Benefit.” A ’ Notwithstanding anything to the contrary herein, a termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.”

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to one and a half (11.5) times the Executive’s annual base salary in effect at the time of the Termination of Employment. In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “Severance Period”): If on the last date of the Executive’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA continuation health coverage for the Executive and his eligible dependents for the Severance Period or if less, the period during which the Executive and his eligible dependents are entitled to COBRA continuation coverage. The payments described in this Section 3 shall be collectively referred to in this Agreement as the “Severance Benefit.” A termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.

Amount of Severance Benefits. If, within three (3) months before or two (2) years following a Change in Control, the Executive experiences a Termination of Employment due to either (i) an involuntarily termination by the Company or one of its affiliates without Cause or (ii) a resignation by the Executive for Good Reason (no later than six (6) months after the occurrence of the most recent event constituting Good Reason), the Company shall pay to the Executive an amount equal to one the sum of (1) two and one-half (2.5) times the Executive’s annual base salary in effect at the time of the Termination of EmploymentEmployment plus (2) the value of his accrued, but unused, vacation as determined as of the effective date of his Termination of Employment (the ‘Lump Sum Benefit’). In addition, to the extent permitted by the applicable plan or program, the following employee welfare benefits shall continue in effect at the same level as in effect immediately prior to the Change in Control for a period of twelve (12) months following the Termination of Employment (the “‘Severance Period”’): If on (1) continuation of memberships in the last date of the ExecutiveYMCA and Sam’s day of employment, the Executive has any of the following benefits, those benefits should continue for a period of twelve (12) months following the Termination of Employment (the “Severance Period) under the terms listed below: Medical, Vision, Prescription Drug, Dental, as limited by COBRA; Stock Purchase Plan; YMCA; Prepaid Legal; Xxx Club; and Accrued unused vacation time(2) continuation of prepaid legal benefits. Finally, during the Severance Period, the Company shall pay to the Executive an amount equal to the Executive’s cost of COBRA health continuation health coverage for the Executive and his eligible dependents for the Severance Period or or, if less, the period during which the Executive and his eligible dependents are entitled to COBRA health continuation coverage. The payments Lump Sum Benefit and other benefits described in this Section 3 3(a) shall be collectively referred to in this Agreement as the “‘Severance Benefit.” A ’ Notwithstanding anything to the contrary herein, a termination of the Executive’s employment due to his death or Disability will not be deemed to be an involuntary termination of employment by the Company or one of its affiliates without Cause or a resignation by the Executive for Good Reason.”