Common use of Discharge Without Cause or Resignation with Good Reason Clause in Contracts

Discharge Without Cause or Resignation with Good Reason. In the event that this Agreement terminates pursuant to Paragraph 8(c) by reason of the discharge of the Executive by the Corporation other than for Cause, death or disability or by reason of the resignation of the Executive for Good Reason (any such termination, a "Severance"): (i) The Corporation shall pay all Accrued Obligations to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination; (ii) For a period equal to the greater of two years and the remainder of the Term (assuming the Term had not expired on the Date of Termination), the Corporation shall continue to provide benefits to the Executive and/or the Executive's family at least equal to those which would have been provided to them in accordance with the plans, programs and arrangements referred to in Paragraph 6 of this Agreement; and (iii) The Corporation shall, at its sole expense (not to exceed $25,000), provide the Executive with outplacement services the scope and provider of which shall be selected by the Executive.

Discharge Without Cause or Resignation with Good Reason. In the event that this Agreement terminates pursuant to Paragraph 8(c) by reason of the discharge of the Executive by the Corporation other than for Cause, death or disability or by reason of the resignation of the Executive for Good Reason (any such termination, a "“Severance"”): (i) The Corporation shall pay all Accrued Obligations to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination; (ii) For a period equal to the greater of two years and the remainder of the Term (assuming the Term had not expired on the Date of Termination)years, the Corporation shall continue to provide benefits to the Executive and/or the Executive's family ’s dependents at least equal to those which would have been provided to them in accordance with the plans, programs and arrangements referred to in Paragraph 6 6(d) and (e) of this Agreement; and (iii) The Corporation shall, at its sole expense (not to exceed $25,000)expense, provide the Executive with outplacement services the scope and provider of which shall be selected mutually agreed upon by the ExecutiveExecutive and the Corporation.

Discharge Without Cause or Resignation with Good Reason. In the event that this Agreement terminates pursuant to Paragraph 8(c) by reason of the discharge of the Executive by the Corporation other than for Cause, death or disability or by reason of the resignation of the Executive for Good Reason (any such termination, a "Severance"): (i) The Corporation shall pay all Accrued Obligations to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination; (ii) For a period equal to the greater of two years and the remainder of the Term (assuming the Term had not expired on the Date of Termination)one year, the Corporation shall continue to provide benefits to the Executive and/or the Executive's family dependents at least equal to those which would have been provided to them in accordance with the plans, programs and arrangements referred to in Paragraph 6 6(d) and (e) of this Agreement; and (iii) The Corporation shall, at its sole expense (not to exceed $25,000), provide the Executive with outplacement services the scope and provider of which shall be selected by the Executive.

Discharge Without Cause or Resignation with Good Reason. In the event that this Agreement terminates pursuant to Paragraph 8(c) by reason of the discharge of the Executive by the Corporation other than for Cause, death or disability or by reason of the resignation of the Executive for Good Reason (any such termination, a "“Severance"”): (i) The Corporation shall pay all Accrued Obligations to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination; (ii) For a period equal to the greater of two years and the remainder of the Term nine (assuming the Term had not expired on the Date of Termination)9) months, the Corporation shall continue to provide benefits to the Executive and/or the Executive's family ’s dependents at least equal to those which would have been provided to them in accordance with the plans, programs and arrangements referred to in Paragraph 6 6(d) and (e) of this Agreement; and (iii) The Corporation shall, at its sole expense (not to exceed $25,000)expense, provide the Executive with outplacement services not to exceed $15,000.00 the scope and provider of which shall be selected mutually agreed upon by the ExecutiveExecutive and the Corporation.

Discharge Without Cause or Resignation with Good Reason. In the event that this Agreement terminates pursuant to Paragraph 8(c) by reason of the discharge of the Executive by the Corporation other than for Cause, death or disability or by reason of the resignation of the Executive for Good Reason (any such termination, a "Severance"): (i) The Corporation shall pay all Accrued Obligations to the Executive in a lump sum in cash within thirty (30) days after the Date of Termination; (ii) For a period equal to the greater of two years and the remainder of the Term (assuming the Term had not expired on the Date of Termination)one year, the Corporation shall continue to provide benefits to the Executive and/or the Executive's family dependents at least equal to those which would have been provided to them in accordance with the plans, programs and arrangements referred to in Paragraph 6 6(d) and (e) of this Agreement; and (iii) The Corporation shall, at its sole expense (not to exceed $25,000)expense, provide the Executive with outplacement services the scope and provider of which shall be selected mutually agreed upon by the ExecutiveExecutive and the Corporation.