Common use of Entitlement to Severance Benefits Clause in Contracts

Entitlement to Severance Benefits. Executive shall be entitled to the benefits provided in this Agreement in the event the Executive has a Separation from Service under the circumstances described in (i) through (iii) below (a “Covered Termination”), provided that Executive executes, and does not revoke, a full Release agreement in favor of the Company as described below. A Covered Termination shall have occurred in the event that: (i) Executive’s employment with the Company is terminated prior to a Change in Control other than (A) by the Company for Cause, (B) by Executive, or (C) due to Executive’s Disability; or (ii) Executive is not offered comparable employment by the Company’s successor upon a Change in Control; or (iii) Executive’s employment with the Company or its successor (referred to jointly as the “Company”) is terminated within 12 months following a Change in Control other than (A) by the Company for Cause, (B) by Executive without Good Reason, or (C) due to Executive’s Disability (a Covered Terminations of the type described in items (ii) and (iii) shall be referred to herein as a “Change in Control Termination”).