Enhanced Severance. In lieu of the above severance or any other severance as may be offered by the Company, Employee shall be eligible for an "Enhanced Severance Plan" for a period commencing on the date hereof and continuing for a period of two (2) years following the election by the Board of Directors of a successor for Rolf A. Classon as Chief Executive Officer of Hillenbrand Industxxxx Xxx. (xxxxinafter, the "Election Date"). Xxxxxxxxxxxy, in the event Employee's employment is terminated by the Company "without cause" or by Employee for "Good Reason" (as those terms are defined above), within two (2) years following the Election Date, Employee shall be eligible to receive severance pay based upon his base salary at the time of termination in accordance with any guidelines as may be subsequently established by the Company or for the period described below (whichever is longer). NUMBER OF MONTHS FOLLOWING ELIGIBLE NUMBER OF WEEKS THE ELECTION DATE OF SEVERANCE -------------------------- ------------------------ 1-12 months 104 weeks 13 months 92 weeks 14 months 88 weeks 15 months 84 weeks 16 months 80 weeks 17 months 76 weeks 18 months 72 weeks 19 months 68 weeks 20 months 64 weeks 21 months 60 weeks 22 months 56 weeks 23 months 52 weeks 24 months 52 weeks 25 months and thereafter 52 weeks
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Samples: Employment Agreement (Hillenbrand Industries Inc), Employment Agreement (Hillenbrand Industries Inc), Employment Agreement (Hillenbrand Industries Inc)
Enhanced Severance. In lieu of the above severance or any other severance as may be offered by the Company, Employee shall be eligible for an "Enhanced Severance Plan" for a period commencing on the date hereof and continuing for a period of two (2) years following the election by the Board of Directors of a successor for Rolf A. Classon as Chief Executive Officer of Hillenbrand Industxxxx Indusxxxxx Xxx. (xxxxinafterxxxeinafter, the "Election Date"). XxxxxxxxxxxyXxxxxxxxxxly, in the event Employee's employment is terminated by the Company "without cause" or by Employee for "Good Reason" (as those terms are defined above), within two (2) years following the Election Date, Employee shall be eligible to receive severance pay based upon his base salary at the time of termination in accordance with any guidelines as may be subsequently established by the Company or for the period described below (whichever is longer). NUMBER OF MONTHS FOLLOWING THE ELECTION DATE ELIGIBLE NUMBER OF WEEKS THE ELECTION DATE OF SEVERANCE -------------------------- ------------------------ -------------------------------------------- ------------------------------------- 1-12 months 104 weeks 13 months 92 weeks 14 months 88 weeks 15 months 84 weeks 16 months 80 weeks 17 months 76 weeks 18 months 72 weeks 19 months 68 weeks 20 months 64 weeks 21 months 60 weeks 22 months 56 weeks 23 months 52 weeks 24 months 52 weeks 25 months and thereafter 52 weeks
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Enhanced Severance. In lieu of the above severance or any other severance as may be offered by the Company, Employee shall be eligible for an "Enhanced Severance Plan" for a period commencing on 5 the date hereof and continuing for a period of two (2) years following the election by the Board of Directors of a successor for Rolf A. Classon as Chief Executive Officer of Hillenbrand Industxxxx Indusxxxxx Xxx. (xxxxinafterxxxeinafter, the "Election Date"). XxxxxxxxxxxyXxxxxxxxxxly, in the event Employee's employment is terminated by the Company "without cause" or by Employee for "Good Reason" (as those terms are defined above), within two (2) years following the Election Date, Employee shall be eligible to receive severance pay based upon his her base salary at the time of termination in accordance with any guidelines as may be subsequently established by the Company or for the period described below (whichever is longer). NUMBER OF MONTHS FOLLOWING ELIGIBLE NUMBER OF WEEKS THE ELECTION DATE OF SEVERANCE -------------------------- ------------------------ 1-12 months 104 weeks 13 months 92 weeks 14 months 88 weeks 15 months 84 weeks 16 months 80 weeks 17 months 76 weeks 18 months 72 weeks 19 months 68 weeks 20 months 64 weeks 21 months 60 weeks 22 months 56 weeks 23 months 52 weeks 24 months 52 weeks 25 months and thereafter 52 weeks
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