Common use of Enhanced Severance Benefits Clause in Contracts

Enhanced Severance Benefits. (a) You will be entitled to receive the enhanced severance benefits upon the satisfaction of certain conditions precedent as set forth in the Severance Attachment to this Agreement. In order for you to be eligible to receive these enhanced severance benefits, the following conditions must be satisfied: (i) the merger of Times Mirror into Tribune must be completed; and either (ii) your employment must be terminated by Times Mirror or Tribune prior to the end of the Severance Protection Period; or (iii) you terminate your employment after the Effective Date for the limited good reasons included within the terms of the provisions of the Severance Attachment. Upon the satisfaction of said conditions precedent, you will receive the enhanced severance benefits set forth in the Severance Attachment to this Agreement. However, (i) in the event that the merger of Times Mirror into Tribune is completed but your employment is not terminated in the manner set forth above within the Severance Protection Period as defined in the Severance Attachment, or (ii) your employment is terminated under the provisions of paragraph 1 (d), you will not receive the enhanced severance benefits.