Common use of Change of Control Severance Benefits Clause in Contracts

Change of Control Severance Benefits. (a) If within two months prior to, or within 12 months following, a Change of Control, Executive is terminated by the Company without Cause or Executive resigns for Good Reason, Executive shall be entitled to the following (“Change of Control Severance Benefits”) in lieu of any Severance Benefits under Section 3.01 above, provided that Executive executes and lets become effective the Release within the period of time specified by the Company (which shall be 21 days to sign and 7 days to revoke, unless a longer period is required by law) following the termination of employment:

Change of Control Severance Benefits. (a) If within two months prior toIf, on or within 12 months following, following the effective date of a Change of Control, Executive Executive’s employment with the Company is terminated by the Company (other than on account of death or disability) without Cause (as defined herein) or Executive resigns for Good ReasonReason (as defined herein), and in either case the termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h)), then, subject to Executive shall be entitled signing and not revoking a separation agreement and release of claims with the Company in a form acceptable to the following (“Change of Control Severance Benefits”) in lieu of any Severance Benefits under Section 3.01 above, provided that Executive executes and lets become effective the Release within the period of time specified by the Company (which shall be 21 the “Release”) that is effective no later than 60 days to sign and 7 days to revoke, unless a longer period is required by law) following the termination of his employment, Executive will receive the following severance benefits from the Company:

Change of Control Severance Benefits. If Executive’s employment with the Company terminates at any time during the period commencing thirty (a30) If within two days prior to the date of the announcement of a Change of Control and ending twenty-four (24) months prior to, or within 12 months following, after a Change of Control, Executive is terminated by the Company without Cause or Executive resigns for Good Reason, Executive shall be entitled to then the following (“Change of Control Severance Benefits”) in lieu of any Severance Benefits under Section 3.01 above, provided that Executive executes and lets become effective the Release within the period of time specified by the Company (which shall be 21 days to sign and 7 days to revoke, unless a longer period is required by law) following the termination of employmentapply: