Entitlement to Severance Benefits. In the event that the Company terminates Executive's employment other than for Cause, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 1.2.
Appears in 6 contracts
Samples: Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp)
Entitlement to Severance Benefits. In the event that that, following or in connection with a Change of Control, the Company terminates Executive's employment other than without Cause, or if Executive terminates his employment for CauseGood Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 1.21.3.
Appears in 6 contracts
Samples: Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp), Macrochem Corporation Severance Agreement (Macrochem Corp)