Common use of Eligibility for Severance Payment Clause in Contracts

Eligibility for Severance Payment. The Executive shall be entitled to receive the severance payment (the “Severance Payment”) and benefits set forth in this Section 2 from the Company if a Change in Control occurs and during the Post Change in Control Period: (i) The Executive separates from service with the Company within six (6) months after the occurrence of an event constituting Good Reason; provided that separation from service for Good Reason will not be effective unless and until the Company has first been given written notice by the Executive of the circumstance purporting to constitute Good Reason and the Company has failed to cure that conduct or omission within thirty (30) days following receipt of that notice; or (ii) The Company separates the Executive from service with the Company for any reason other than Cause, death or Total Disability.

Eligibility for Severance Payment. The Executive shall be entitled to receive the severance payment set forth in Section 2(c) (the “Severance Payment”) and benefits set forth in this Section 2 from the Company if a Change in Control occurs and during the Post Change in Control Period: (i) The Executive separates from service with the Company within six (6) months after the occurrence of an event constituting Good Reason; provided that separation from service for Good Reason will not be effective unless and until the Company has first been given written notice by the Executive of the circumstance purporting to constitute Good Reason and the Company has failed to cure that conduct or omission within thirty (30) days following receipt of that notice; or (ii) The Company separates the Executive from service with the Company for any reason other than Cause, death or Total Disability.