HOSTILE CHANGE IN CONTROL. In the event of a Hostile Change in Control: (a) Section 6 shall apply, except as set forth in Section 8(b) below. (b) Enhanced Severance Package in the Event of Hostile Change in Control. In the event that Employee, at any time after a Hostile Change in Control, is discharged without Cause and for reasons unrelated to his disability or death, or resigns for Good Reason within twelve (12) weeks of the occurrence of the event upon which Employee relies for claiming that his resignation is for Good Reason: (i) The period specified in Section 6(a)(i) above during which Employee shall receive his Base Compensation shall be increased to 48 months from 36 months. (ii) The maximum period during which Employee and his eligible, previously enrolled dependents shall be eligible for Employer-paid group medical and dental insurance under Section 6(a)(iii) above shall be increased to 36 months from twelve (12) months.
Appears in 5 contracts
Samples: Employment Agreement (Philadelphia Consolidated Holding Corp), Employment Agreement (Philadelphia Consolidated Holding Corp), Employment Agreement (Philadelphia Consolidated Holding Corp)
