Common use of Company's Covenants Summarized Clause in Contracts

Company's Covenants Summarized. In order to induce the Executive to become employed by or remain in the employ of the Company as the case may be, and in consideration of the Executive's covenant set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance Payment" described herein in the event the Executive's employment with the Company is terminated under the circumstances described below following a Change in Control and during the term of this Agreement. No amount or benefit shall be payable under this Agreement unless there shall have been (or under the terms hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control.

Company's Covenants Summarized. In order to induce the Executive to become employed by or remain in the employ of the Company as the case may be, and in consideration of the Executive's covenant covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance PaymentPayments" described in Section 7(a) hereof and the other payments and benefits described herein in the event the Executive's employment with the Company is terminated under the circumstances described below following a Change in Control and during the term of this Agreement. No amount or benefit shall be payable under this Agreement unless there shall have been (or or, under the terms hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control. 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 employ of the Company.

Company's Covenants Summarized. In order to induce the Executive to become employed by or ------------------------------ remain in the employ of the Company as the case may be, and in consideration of the Executive's covenant covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance Payment" Payments and the other payments and benefits described herein in the event the Executive's employment with the Company is terminated under the circumstances described below following a Change in Control and during the term of this Agreement. No amount or benefit shall be payable under this Agreement unless there shall have been (or or, under the terms hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control. 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 employ of the Company.

Company's Covenants Summarized. In order to induce the Executive to become employed by or remain in the employ of the Company as the case may be, and its subsidiaries and in consideration of the Executive's covenant covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance PaymentPayments" described in Section 6.01 hereof and the other payments and benefits described herein in the event the Executive's employment with the Company is terminated under the circumstances described below following a Change in Control Shareholder Approval and during the term of this Agreement. No amount or benefit shall be payable under this Agreement unless there shall have been (or or, under the terms hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company Company, as described in Section 6.01 hereof, following a Change in Control.3 3