Common use of Disability or Separation From Service Following a Change in Control Clause in Contracts

Disability or Separation From Service Following a Change in Control. In the event the Director becomes Disabled prior to Early Retirement and Separates From Service as a result therof, or in the event Director Separates From Service following a Change in Control and prior to the Early Retirement Age, then Director shall be entitled to be paid the Accrued Liability Balance as of the date of Director’s Separation From Service. This Accrued Liability Balance shall be paid in one lump sum within thirty (30) days following Director’s Separation From Service; however, Director is not permitted, either directly or indirectly, to designate the taxable year of the payment).