Common use of Obligations of the Company Upon Termination of Executive's Employment Following a Change in Control Clause in Contracts

Obligations of the Company Upon Termination of Executive's Employment Following a Change in Control. (a) If, during the Effective Period, the Company terminates the Executive’s employment other than for Cause or the Executive terminates employment with the Company for Good Reason: (i) The Company will pay Executive all of Executive’s Accrued Compensation and Accrued Other Benefits; (ii) The Company will pay severance of three times the sum of Executive’s Base Salary and Bonus Amount; (iii) To the extent not included in Executive’s Accrued Compensation, the Company will pay Executive a pro-rata bonus amount for the year of termination, based on Executive’s Bonus Amount; and (iv) The Company will pay for the continuation of the provision of medical, dental and life insurance benefits for a period of three years following the Date of Termination to the Executive and the Executive’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies of the Company as in effect and applicable generally to other peer executives and their families during the 90-day period immediately preceding the Effective Period or on the Date of Termination, at the election of the Executive; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical, dental and/or life insurance benefits under another employer provided plan, the medical, dental and/or life insurance benefits described herein will cease.

Obligations of the Company Upon Termination of Executive's Employment Following a Change in Control. (a) If, during the Effective Period, the Company terminates the Executive’s employment other than for Cause or the Executive terminates employment with the Company for Good Reason: (i) The Company will pay Executive all of Executive’s Accrued Compensation and Accrued Other Benefits; (ii) The Company will pay severance of three two times the sum of Executive’s Base Salary and Bonus Amount; (iii) To the extent not included in Executive’s Accrued Compensation, the Company will pay Executive a pro-rata bonus amount for the year of termination, based on Executive’s Bonus Amount; and (iv) The Company will pay for the continuation of the provision of medical, dental and life insurance benefits for a period of three two years following the Date of Termination to the Executive and the Executive’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies of the Company as in effect and applicable generally to other peer executives and their families during the 90-day period immediately preceding the Effective Period or on the Date of Termination, at the election of the Executive; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical, dental and/or life insurance benefits under another employer provided plan, the medical, dental and/or life insurance benefits described herein will cease.

Obligations of the Company Upon Termination of Executive's Employment Following a Change in Control. (a) If, during the Effective Period, the Company terminates the Executive’s employment other than for Cause or the Executive terminates employment with the Company for Good Reason: (i) The Company will pay Executive all of Executive’s Accrued Compensation and Accrued Other Benefits; (ii) The Company will pay severance of three [ ] times the sum of Executive’s Base Salary and Bonus Amount; (iii) To the extent not included in Executive’s Accrued Compensation, the Company will pay Executive a pro-rata bonus amount for the year of termination, based on Executive’s Bonus Amount; and (iv) The Company will pay for the continuation of the provision of medical, dental and life insurance benefits for a period of three [ ] years following the Date of Termination to the Executive and the Executive’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies of the Company as in effect and applicable generally to other peer executives and their families during the 90-day period immediately preceding the Effective Period or on the Date of Termination, at the election of the Executive; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical, dental and/or life insurance benefits under another employer provided plan, the medical, dental and/or life insurance benefits described herein will cease.