Common use of Entitlement to Severance Benefits Clause in Contracts

Entitlement to Severance Benefits. If during that period starting on the date of a Change of Control and ending on the second anniversary of the Change of Control, the Company terminates Executive's employment without Cause, or if Executive terminates his employment for Good Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 1.

Appears in 3 contracts

Samples: Change of Control Agreement (pSivida LTD), Change of Control Agreement (pSivida LTD), Control Agreement (pSivida LTD)

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Entitlement to Severance Benefits. If during that period starting on the date of a Change of Control and ending on the second anniversary of the Change of in Control, the Company terminates Executive's employment without Cause, or if Executive terminates his employment for Good Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 1.

Appears in 2 contracts

Samples: Control Agreement (Control Delivery Systems Inc/Ma), Control Agreement (Control Delivery Systems Inc/Ma)

Entitlement to Severance Benefits. If If, during that the period starting on following the date commencement of efforts to sell the Company and prior to a Change of Control and ending on the second anniversary of the or twelve months following or otherwise in connection with a Change of Control, the Company terminates Executive's ’s employment without Cause, or if Executive terminates his employment for Good Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 11.2.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Intralase Corp), Change of Control Severance Agreement (Intralase Corp)

Entitlement to Severance Benefits. If If, during that the period starting on following the date commencement of efforts to sell the Company and prior to a Change of Control and ending on the second anniversary of the or twelve months following or otherwise in connection with a Change of Control, the Company terminates Executive's ’s employment without Cause, or if Executive terminates his her employment for Good Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 11.2.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Intralase Corp)

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Entitlement to Severance Benefits. If during that period starting ---------------------------------- on the date of a Change of Control and ending on the second anniversary of the Change of in Control, the Company terminates Executive's employment without Cause, or if Executive terminates his employment for Good Reason, the Company will, subject to Section 2 below, provide severance benefits to Executive as set forth below in this Section 1.

Appears in 1 contract

Samples: Control Agreement (Control Delivery Systems Inc/Ma)

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