Common use of Consequences of Termination Outside of a Change in Control Period Clause in Contracts

Consequences of Termination Outside of a Change in Control Period. If a Termination Date occurs, other than within a Change in Control Period, as defined in Section 8, the Executive shall be entitled to receive the compensation and benefits specified by this Section 5 in lieu of any severance amounts which otherwise would be payable to the Executive.

Appears in 6 contracts

Samples: Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp)

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Consequences of Termination Outside of a Change in Control Period. If a Termination Date occurs, other than within a Change in Control Period, as defined in Section 8, the Executive shall be entitled to receive the Retention Bonus provided in Section 3(c) (except as otherwise provided therein), any Annual Incentive Compensation and Long Term Incentive Bonus earned under Sections 3(b), (d) and (i) and not previously paid and the compensation and benefits specified by this Section 5 in lieu of any severance amounts which otherwise would be payable to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Zenith Electronics Corp)

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