Change of Control Severance Benefits. (a) If at any time on or after the Commencement Date, (i) Executive terminates his employment with the Company during the Protected Period for a Good Reason event or (ii) the Company terminates Executive’s employment during the Protected Period other than (x) for Cause or (y) due to Executive’s death or Disability, Executive shall receive the following compensation and benefits from the Company subject to the execution (and non-revocation within eight days thereafter) and delivery to the Company of a release, substantially in the form attached as Exhibit A hereto, with such changes as the Company reasonably determines must be made to comply with applicable law at the time of such execution (the “Release”): (A) The Company shall, at the time provided in Section 7(d), pay to Executive in a lump sum, in cash, an amount equal to three times the sum of Executive’s (1) Termination Base Salary and (2)
Appears in 6 contracts
Samples: Employment Agreement (Penn Virginia Resource Partners L P), Employment Agreement (Penn Virginia Resource Partners L P), Employment Agreement (Penn Virginia Resource Partners L P)
