Common use of Change in Control Severance Payment Amount Clause in Contracts

Change in Control Severance Payment Amount. If a Change in Control occurs prior to the Employment Contract Termination Date, and the Company terminates the employee's employment without Cause or the Employee resigns for Good Reason, then the Employee shall receive Severance Benefits as defined in Section 4.2 and the Company shall be obligated to provide the Standard Termination Entitlements as defined in Section 4.1 subject to the Employee's compliance with Articles 5, 8, 9 and 10.

Change in Control Severance Payment Amount. If a Change in Control occurs prior to the Employment Contract Termination Date, and the Company terminates the employee's ’s employment without Cause or the Employee resigns for Good Reason, then the Employee shall receive Severance Benefits as defined in Section 4.2 and the Company shall be obligated to provide the Standard Termination Entitlements as defined in Section 4.1 subject to the Employee's ’s compliance with Articles 5, 8, 9 and 10.