Common use of Basic Benefits Clause in Contracts

Basic Benefits. In the event your employment with the Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Hundred Fifty Thousand Dollars ($750,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the -------------- Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Two Hundred Fifty Forty Thousand Dollars ($750,000.00240,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Hundred Fifty Thousand One Million Dollars ($750,000.001,000,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the -------------- Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Three Hundred Fifty Seventy-Five Thousand Dollars ($750,000.00375,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the -------------- Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Hundred Fifty Thousand Dollars ($750,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the -------------- Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Hundred Fifty Thousand One Million Dollars ($750,000.001,000,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven Two Hundred Fifty Forty Thousand Dollars ($750,000.00240,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.

Basic Benefits. In the event your employment with the -------------- Company and any subsidiary of the Company terminates by reason of a Qualifying Termination within two years after a Change of Control, you shall receive, within thirty days after your employment terminates, a lump sum amount equal to Seven One Million Five Hundred Fifty Thousand Dollars ($750,000.001,500,000.00). In addition, if your employment with the Company and any subsidiary by which you are employed is terminated by the Company or any such subsidiary for any reason (other than your willful misconduct or gross negligence in the performance of your duties as an employee which results in a material detriment to either the Company or the Holding Corporation) within six months prior to the occurrence of a Change of Control, you shall be paid the lump sum referred to in the immediately preceding sentence, minus the gross amount of any severance benefits otherwise paid to you, within ten days following such Change of Control.