Common use of Company's Covenants Summarized Clause in Contracts

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 3 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein in the event the Executive's employment with the Company is (or, under the terms of this Agreement, is deemed to have been) terminated following a Change in Control and during the term of this Agreement. Except as provided herein, no amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of this Agreement, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the term of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employment of the Company.

Company's Covenants Summarized. In order to describe the amount and circumstances under which Executive will receive benefits under the Plan and this Agreement and to induce the Executive to remain in the employ of the Company and its Affiliates and in consideration of the Executive's covenants as set forth in Section 3 hereof4 of this Agreement, the Company agrees, under the conditions described hereinin this Agreement, to pay the Executive the Severance Payments severance payments determined pursuant to Section 6 of this Agreement and the other payments and benefits described herein in the event the Executive's employment with the Company is (or, under the terms of this Agreement, is deemed to have been) terminated following for certain reasons after a Change in Control and during the term of this Agreement. Except as provided herein, no No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of this Agreement, there shall be deemed to have been) a termination of the Executive's employment with the Company and all its Affiliates following a Change in Control and during the term of this AgreementControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive Company and the CompanyExecutive, the Executive shall not have any right to be retained in the employment employ of the CompanyCompany or any of its Affiliates.

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 3 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein in the event the Executive's ’s employment with the Company is (or, under the terms of this Agreement, is deemed to have been) terminated following a Change in of Control and during the term of this Agreement. Except as provided herein, no amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of this Agreement, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in of Control and during the term of this Agreement. This Agreement shall not modify the basic employment-at-will relationship between the Executive and the Company nor shall it be construed as creating an express or implied contract of employment andemployment. Further, except as otherwise agreed in writing between the Executive and authorized representatives of the Company, the Executive shall not have any right to be retained in the employment employ of the Company.

Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 3 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein in the event the Executive's employment with the Company is (or, under the terms of this Agreement, is deemed to have been) terminated following a Change in Control and during the term of this Agreement. Except as provided herein, no amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of this Agreement, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the term of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employment of the Company.