Compensation and Benefits Following Termination. In the event that Executive (y) voluntarily resigns from employment after October 1, 2004 for "Good Reason" (as defined in Executive's Change of Control Agreement) or for any other reason whatsoever, or (z) is involuntarily terminated by the Company without "Cause" (as defined in Executive's Change of Control Agreement) at any time following the Effective Date of this Agreement, the Company shall provide Executive with the following compensation and benefits described in Sections 3(a)-(d) (collectively referred to as the "Severance Benefits") in consideration for and subject to his having complied with the terms and conditions hereof, and subject to Executive having first signed the Release attached hereto as Exhibit A following the effective date of his resignation or termination (the "Termination Date") and having not revoked his release of ADEA claims under that Release:
Appears in 1 contract
Samples: Employment Agreement (Terayon Communication Systems)
