Common use of Employee Benefit Clause in Contracts

Employee Benefit. Unless Employee's employment is terminated prior to a Change in Control by (i) the Company for Cause, or (ii) Employee without Good Reason, then within five days following a Change in Control the Company shall pay to Employee a cash, lump sum payment of $700,000 (the "Incentive Payment"), less applicable income and FICA tax withholdings. Except as provided in Section 7 hereof, the Incentive Payment shall not be payable under this Agreement unless there shall have been a Change in Control.

Employee Benefit. Unless Employee's employment is terminated prior to a Change in Control by (i) the Company for Cause, or (ii) Employee without Good Reason, then within five days following a Change in Control the Company shall pay to Employee a cash, lump sum payment of $700,000 425,000 (the "Incentive Payment"), less applicable income and FICA tax withholdings. Except as provided in Section 7 hereof, the Incentive Payment shall not be payable under this Agreement unless there shall have been a Change in Control.

Employee Benefit. Unless Employee's employment is terminated prior to a Change in Control by (i) the Company for Cause, or (ii) Employee without Good Reason, then within five days following a Change in Control the Company shall pay to Employee a cash, lump sum payment of $700,000 535,000 (the "Incentive Payment"), less applicable income and FICA tax withholdings. Except as provided in Section 7 hereof, the Incentive Payment shall not be payable under this Agreement unless there shall have been a Change in Control.

Employee Benefit. Unless Employee's employment is terminated prior to a Change in Control by (i) the Company for Cause, or (ii) Employee without Good Reason, then within five days following a Change in Control the Company shall pay to Employee a cash, lump sum payment of $700,000 970,000 (the "Incentive Payment"), less applicable income and FICA tax withholdings. Except as provided in Section 7 hereof, the Incentive Payment shall not be payable under this Agreement unless there shall have been a Change in Control.