Change of Control Severance Plan. Severance Compensation
Change of Control Severance Plan. Upon the occurrence, during a Protective Period, of (a) Executive's voluntary termination of employment for Good Reason or (b) an Involuntary Termination of Employment of Executive, Executive shall be entitled to receive the following compensation and benefits, subject to Executive's compliance with Sections 6 and 7:
Change of Control Severance Plan. You will continue to be eligible to -------------------------------- participate in the Amgen Inc. Change of Control Severance Plan (the "CIC Plan"). However, on the Effective Date you will cease to be a Group I Participant and will become a Group II Participant in the CIC Plan by virtue of your ceasing to be a member of Amgen's Operating Committee. Notwithstanding the foregoing, in the event that the aggregate benefits provided for in this Agreement are greater than those provided in the CIC Plan upon a termination of employment for which you would be eligible to receive benefits under the terms and conditions of the CIC Plan, this Agreement, rather than the CIC Plan shall govern and control your rights upon a termination of employment; provided, that, in such event, and if applicable, you shall also receive the 280G tax gross-up benefit provided in Section 4.1(G) of the CIC Plan.
Change of Control Severance Plan. As of the Effective Date, Executive shall be a “Participant” in the Company’s Change of Control Severance Plan, as in effect from time to time (the “Severance Plan”), a copy of which is attached hereto as Appendix A. Executive acknowledges that Executive is familiar with the terms and conditions of the Severance Plan, Executive agrees that Executive shall participate in the Severance Plan pursuant to the terms and provisions thereof, and this Agreement does not confer upon Executive any additional rights under the Severance Plan. For purposes of clarification, if this Agreement is terminated or expires (i) prior to a “Protected Period” (as defined in the Severance Plan) regardless of whether Executive remains employed by the Company and its Affiliates, then Executive shall cease to be a “Participant” within the meaning of the Severance Plan or (ii) during a Protected Period, then Executive shall remain a “Participant” within the meaning of the Severance Plan.
Change of Control Severance Plan. Employee shall be entitled to participate in the change of control severance plan adopted by the Company’s Compensation Committee for executives generally; provided, however, that if this Agreement would provide Employee greater benefits than any such change of control severance plan in the event of Employee’s Termination Without Cause, then Employee shall be provided with the benefits of this Agreement.
Change of Control Severance Plan. 7.2 For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: If to Employer, to: Enron Oil & Gas Company 1400 Xxxxx Xxxxxx Houston, Texas 77002 Attention: Corporate Secretary If to Employee, to the address shown on the first page hereof. Either Employer or Employee may furnish a change of address to the other in writing in accordance herewith, except that notices of changes of address shall be effective only upon receipt.
Change of Control Severance Plan. In the event that Executive has either a Voluntary Termination for Good Reason or an Involuntary Termination within two (2) years following a Change of Control, the Executive shall receive the following compensation and benefits from the Company provided under this Section 5, and such compensation and benefits shall be in lieu of the compensation and benefits under Section 4. The payments made under Sections 5(B), (C), and (D) shall be paid in a cash lump sum on such date determined by the Company within the ten (10) day period commencing on the 60th day after the date of the Executive’s Separation from Service; provided, however, that if Executive is a Specified Employee on the date of Executive’s Separation from Service, any payments made under Sections 5(B), (C), and (D) shall be paid as provided in Section 15(C) hereof.
Change of Control Severance Plan. In the event that Executive has either a Voluntary Termination for Good Reason or an Involuntary Termination within two (2) years following a Change of Control, the Executive shall receive the following compensation and benefits from the Company provided under this Section 5, and such compensation and benefits shall be in lieu of the compensation and benefits under Section 4. The payments made under Sections 5(B), (C), and (D) shall be paid in a cash lump sum on such date determined by the Company within the ten (10) day period commencing on the 60th day after the date of the Executive’s Separation from Service; provided, however, that if Executive is a Specified Employee on the date of Executive’s Separation from Service, any payments made under Sections 5(B), (C), and (D) shall be paid as provided in Section 15(C) hereof. 8 For Messrs. Boyd, Burke, Xxxxxxxxxx, Suprenant, Kaufman, Xxxxxx and Nightingale 9 For Messrs. Maroney, Nibling, Xxxxx and Xxxxxxx 10 For Messrs. Boyd, Burke, Kaufman, Moore, Nightingale, Xxxxxx and Xxxxxxxxx 11 For Xx. Xxxxxxx 12 For Messrs. Maroney, Nibling, and Xxxxxxxxxx 13 For Messrs. Maroney, Nibling, and Xxxxx
Change of Control Severance Plan. Parent shall assume all of the Company’s obligations under the Company’s 2009 Change-of-Control Severance Plan.
Change of Control Severance Plan. Due to your new grade level, you --------------------------------- will not be eligible to participate in the Amgen Inc. Change of Control Severance Plan on or after the Effective Date.
