Common use of Eligibility for Severance Benefits Clause in Contracts

Eligibility for Severance Benefits. If Employee terminates employment (other than on account of circumstances described in Section 18 below) with any successor or assign (or any of their respective affiliates) of the Company at any time during the twenty-four (24) month period beginning on the effective date of a Change in Control (the “Protection Period”), he shall be entitled to the Severance Benefits described in Sections 15, 16 and 17 as follows. If during the Protection Period, Employee terminates his employment for Good Reason (as defined below) by delivering to the successor or assign of the Company (or its respective affiliate), as applicable, each no later than thirty (30) days after learning of the occurrence of an event constituting Good Reason: (i) a Preliminary Notice of Good Reason (as defined below); and (ii) a Notice of Termination (as defined below); Employee shall have the right, in his sole and reasonable discretion, to commence Severance Benefits. Any termination of Employee’s employment that qualifies for Severance Benefits under Sections 15, 16 and 17 of this Agreement shall supersede and take precedence over the provisions of Section 14. For purposes of this Agreement, the following terms shall have the respective meanings:

Appears in 4 contracts

Samples: Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp)

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Eligibility for Severance Benefits. If Employee terminates employment (other than on account of circumstances described in Section 18 17 below) with any successor or assign (or any of their respective affiliates) of the Company at any time during the twenty-four (24) month period beginning on the effective date of a Change in Control (the “Protection Period”), he shall be entitled to the Severance Benefits described in Sections 1514, 15 and 16 and 17 as follows. If during the Protection Period, Employee terminates his employment for Good Reason (as defined below) by delivering to the successor or assign of the Company (or its respective affiliate), as applicable, each no later than thirty (30) days after learning of the occurrence of an event constituting Good Reason: (i) a Preliminary Notice of Good Reason (as defined below); and (ii) a Notice of Termination (as defined below); Employee shall have the right, in his sole and reasonable discretion, to commence Severance Benefits. Any termination of Employee’s employment that qualifies for Severance Benefits under Sections 1514, 15 and 16 and 17 of this Agreement shall supersede and take precedence over the provisions of Section 1413. For purposes of this Agreement, the following terms shall have the respective meanings:

Appears in 3 contracts

Samples: Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp)

Eligibility for Severance Benefits. If Employee terminates employment (other than on account of circumstances described in Section 18 17 below) with any successor or assign (or any of their respective affiliates) of the Company at any time during the twenty-four (24) month period beginning on the effective date of a Change in Control (the "Protection Period"), he shall be entitled to the Severance Benefits described in Sections 1514, 15 and 16 and 17 as follows. If during the Protection Period, Employee terminates his employment for Good Reason (as defined below) by delivering to the successor or assign of the Company (or its respective affiliate), as applicable, each no later than thirty (30) days after learning of the occurrence of an event constituting Good Reason: (i) a Preliminary Notice of Good Reason (as defined below); and (ii) a Notice of Termination (as defined below); Employee shall have the right, in his sole and reasonable discretion, to commence Severance Benefits. Any termination of Employee’s 's employment that qualifies for Severance Benefits under Sections 1514, 15 and 16 and 17 of this Agreement shall supersede and take precedence over the provisions of Section 1413. For purposes of this Agreement, the following terms shall have the respective meanings:

Appears in 3 contracts

Samples: Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp)

Eligibility for Severance Benefits. If Employee terminates employment (other than on account of circumstances described in Section 18 15 below) with any successor or assign (or any of their respective affiliates) of the Company at any time during the twenty-four (24) month period beginning on the effective date of a Change in Control (the "Protection Period"), he shall be entitled to the Severance Benefits described in Sections 1512, 16 13 and 17 14 as follows. If during the Protection Period, Employee terminates his employment for Good Reason (as defined below) by delivering to the successor or assign of the Company (or its respective affiliate), as applicable, each no later than thirty (30) days after learning of the occurrence of an event constituting Good Reason: (i) a Preliminary Notice of Good Reason (as defined below); and (ii) a Notice of Termination (as defined below); Employee shall have the right, in his sole and reasonable discretion, to commence Severance Benefits. Any termination of Employee’s 's employment that qualifies for Severance Benefits under Sections 1514, 15 and 16 and 17 of this Agreement shall supersede and take precedence over the provisions of Section 1411. For purposes of this Agreement, the following terms shall have the respective meanings:

Appears in 2 contracts

Samples: Employment Agreement (Alion Science & Technology Corp), Employment Agreement (Alion Science & Technology Corp)

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Eligibility for Severance Benefits. If Employee terminates employment (other than on account of circumstances described in Section 18 15 below) with any successor or assign (or any of their respective affiliates) of the Company at any time during the twenty-four (24) month period beginning on the effective date of a Change in Control (the “Protection Period”), he shall be entitled to the Severance Benefits described in Sections 1512, 16 13 and 17 14 as follows. If during the Protection Period, Employee terminates his employment for Good Reason (as defined below) by delivering to the successor or assign of the Company (or its respective affiliate), as applicable, each no later than thirty (30) days after learning of the occurrence of an event constituting Good Reason: (i) a Preliminary Notice of Good Reason (as defined below); and (ii) a Notice of Termination (as defined below); Employee shall have the right, in his sole and reasonable discretion, to commence Severance Benefits. Any termination of Employee’s employment that qualifies for Severance Benefits under Sections 1514, 15 and 16 and 17 of this Agreement shall supersede and take precedence over the provisions of Section 1411. For purposes of this Agreement, the following terms shall have the respective meanings:

Appears in 1 contract

Samples: Employment Agreement (Alion Science & Technology Corp)

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