Common use of Eligibility for Severance Benefits Clause in Contracts

Eligibility for Severance Benefits. The Executive shall be eligible for the benefits described in Paragraph 4 (the "Severance Benefits") if, during the Term there has been a Change in Control and during the two year period commencing on the Change of Control Date, the Executive has a Termination of Employment initiated (i) by the Company without Cause or (ii) by the Executive for Good Reason. The Executive's employment shall also be deemed to have a Termination of Employment following a Change in Control if the Executive's employment is terminated in connection with or following a Potential Change in Control and prior to the actual Change in Control.