Common use of Enhanced Severance Benefit Clause in Contracts

Enhanced Severance Benefit. A. If Executive's employment hereafter is terminated by the Company without cause, and if Executive is not otherwise entitled to payment under the change of control agreement, the Company will pay to Executive, in addition to accrued salary and benefits, a lump sum severance payment equal to two times Executive's annual base salary in effect on the date of termination.

Enhanced Severance Benefit. A. If Executive's employment hereafter is terminated by the Company without cause, and if Executive is not otherwise entitled to payment under the change of control agreement, the Company will pay to Executive, in addition to accrued salary and benefits, a lump sum severance payment equal to two times Executive's annual base salary in effect on the date of termination.