Common use of Change in Control Benefit Clause in Contracts

Change in Control Benefit. Upon a Change in Control prior to the Participant's attainment of Normal Retirement Age, Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change in Control Annual Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, in the event that the Participant is determined by the Plan Administrator to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Service. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. In lieu of receiving one hundred eighty (180) equal monthly installments, the Participant may elect to receive the Participant’s Change in Control Benefit in the form of (i) a lump sum, (ii) equal monthly installments over two (2) years, or (iii) equal monthly installments over five (5) years, so long as the election is made by the Participant and submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafter.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafterdate the Participant initially becomes eligible to participate in the Plan.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of ’s Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant’s Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant’s Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant’s Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant’s Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date Date, or within thirty (30) days thereafter.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of ’s Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant’s Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant’s Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant’s Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant’s Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafterdate the Participant initially becomes eligible to participate in the Plan.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Normal Retirement AgeDate, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Date or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty (180) equal monthly installmentsthe Normal Retirement Benefit as described in Schedule A, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafterdate the Participant initially becomes eligible to participate in the Plan.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date Date, or within thirty (30) days thereafter.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Normal Retirement AgeDate, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Date or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafterdate the Participant initially becomes eligible to participate in the Plan.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Participants Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date Date, or within thirty (30) days thereafter.

Change in Control Benefit. Upon a Change in Control prior to the Participant's attainment of Normal Retirement Age, Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change in Control Annual Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, in the event that the Participant is determined by the Plan Administrator to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Service. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. In lieu of receiving one hundred eighty (180) equal monthly installments, the Participant may elect to receive the Participant’s Change in Control Benefit in the form of (i) a lump sum, (ii) equal monthly installments over two (2) years, or (iii) equal monthly installments over five (5) years, so long as the election is made by the Participant and submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafter. Any payment made pursuant to this paragraph shall commence to be paid on the first day of the second month following the Participant’s Separation from Service (unless the Participant is determined by the Plan Administrator to be a Specified Employee, in which case payments shall commence on the first day of the seventh month following Separation from Service).

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of ’s Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant’s Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Serviceoccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant’s Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant’s Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant’s Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in Fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date Date, or within thirty (30) days thereafter.

Change in Control Benefit. Upon In the event there is a Change in Control prior to the Participant's attainment of Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled or experiences a Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change become 100% vested in Control Annual his Normal Retirement Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "Change in Control Benefit"). Subject to the paragraph below, the Change in Control Participant's Normal Retirement Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, month in the event that which the Participant attains Normal Retirement Age or dies, whichever is determined by the Plan Administrator first to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from ServiceOccur. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following the Participant's Separation from Service). In lieu of receiving one hundred eighty the Normal Retirement Benefit in fifteen (18015) equal monthly annual installments, the Participant may elect to receive the Participant’s Change in Control Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum, (ii) equal monthly annual installments over two (2) years, or (iii) equal monthly annual installments over five (5) years, so long as the . Any election is made by the Participant and pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date Date, or within thirty (30) days thereafter.

Change in Control Benefit. Upon a Change in Control prior to the Participant's ’s attainment of Normal Retirement Age, Separation from Service, death or Disability, the Participant shall be entitled to the the benefit amount shown on Schedule A under the column labeled “Change in Control Annual Benefit” for the Plan Year in which the Change in Control occurs, multiplied by fifteen (15) (the "“Change in Control Benefit"”). Subject to the paragraph below, the Change in Control Benefit shall be paid in one hundred eighty (180) equal monthly installments, and shall commence to be paid on the first day of the second month following the Participant’s Separation from Service. Notwithstanding the foregoing, in the event that the Participant is determined by the Plan Administrator to be a Specified Employee, the first benefit payment shall be paid on the first day of the seventh month following Separation from Service. Notwithstanding the preceding, if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions apply. In lieu of receiving one hundred eighty (180) equal monthly installments, the Participant may elect to receive the Participant’s Change in Control Benefit in the form of (i) a lump sum, (ii) equal monthly installments over two (2) years, or (iii) equal monthly installments over five (5) years, so long as the election is made by the Participant and submitted to the Plan Sponsor by the Effective Date or within thirty (30) days thereafter. Any payment made pursuant to this paragraph shall commence to be paid on the first day of the second month following the Participant’s Separation from Service (unless the Participant is determined by the Plan Administrator to be a Specified Employee, in which case payments shall commence on the first day of the seventh month following Separation from Service).