Common use of Eligibility for Severance Benefits Clause in Contracts

Eligibility for Severance Benefits. State Auto, or its respective successor, shall pay or provide to Executive the Severance Benefits as defined above, in the event that Executive becomes eligible for such Severance Benefits because, during the Term of this Agreement: (a) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause, the death or Disability of Executive within twenty-four (24) months after a Change of Control; or (b) Executive terminates employment for Good Reason within twenty-four (24) months after a Change of Control; or (c) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause or the death or Disability of Executive after an agreement has been reached with an unaffiliated third party, the performance of which agreement would result in a Change of Control involving such third party, if such Change of Control is actually consummated within twelve (12) months after the date of such termination. Executive’s termination of employment for all purposes under this Agreement shall be determined to have occurred in accordance with the “separation from service” requirements of Code Section 409A and applicable Treasury Regulations and guidance issued thereunder.

Eligibility for Severance Benefits. State Auto, or its respective successor, shall pay or provide to Executive the Severance Benefits as defined above, in the event that Executive becomes eligible for such Severance Benefits because, during the Term of this Agreement: (a) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause, the death or Disability of Executive within twenty-four (24) months after a Change of Control; or (b) Executive terminates employment for Good Reason within twenty-four (24) months after a Change of Control; or (c) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause or the death or Disability of Executive after an agreement has been reached with an unaffiliated third party, the performance of which agreement would result in a Change of Control involving such third party, if such Change of Control is actually consummated within twelve (12) months after the date of such termination. Executive’s termination of employment for all purposes under this Agreement shall be determined to have occurred in accordance with the “separation from service” requirements of Code Section 409A and applicable Treasury Regulations and guidance issued thereunder.

Eligibility for Severance Benefits. State Auto, or its respective successor, shall pay or provide to Executive the Severance Benefits as defined above, in the event that Executive becomes eligible for such Severance Benefits because, during the Term of this Agreement: (a) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause, Cause or the death or Disability of Executive Executive, within twenty-four (24) months after a Change of Control; or (b) Executive terminates employment for Good Reason within twenty-four (24) months after a Change of Control; or (c) the Executive’s employment is terminated from all State Auto companies for any reason other than for Cause or the death or Disability of Executive after an agreement has been reached with an unaffiliated third party, the performance of which agreement would result in a Change of Control involving such third party, if such Change of Control is actually consummated within twelve (12) months after the date of such termination. Executive’s termination of employment for all purposes under this Agreement shall be determined to have occurred in accordance with the “separation from service” requirements of Code Section 409A and applicable Treasury Regulations and guidance issued thereunder.