Common use of COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON Clause in Contracts

COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. Upon any Termination of Employment of the Executive by the Company without Cause (other than because of death, Disability or Retirement), or any Termination of Employment by the Executive for Good Reason, in any case, during any Protected Period, in lieu of any severance benefits Executive would otherwise be eligible to receive under any employment agreement with the Company or any subsidiary or under the Company’s or any subsidiary’s severance plan, if any, as in effect immediately prior to the earlier of the Change in Control or the Executive’s Termination of Employment, the Executive shall be entitled to the following benefits and payments:

Appears in 3 contracts

Samples: Change in Control Agreement (Usec Inc), Change in Control Agreement (Usec Inc), Change in Control Agreement (Usec Inc)

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COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. Upon Following a Change in Control, upon any Termination of Employment of the Executive by the Company without Cause (other than because of death, Disability or Retirement), or any Termination of Employment by the Executive for Good Reason, in any case, during any Protected Periodthe term of this Agreement, in lieu of any severance benefits Executive would otherwise be eligible to receive under any employment agreement with the Company or any subsidiary or under the Company’s or any subsidiary’s severance plan, if any, as in effect immediately prior to the earlier of the Change in Control or the Executive’s Termination of EmploymentControl, the Executive shall be entitled to the following benefits and payments:

Appears in 2 contracts

Samples: Change in Control Agreement (Usec Inc), Change in Control Agreement (Usec Inc)

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