Common use of Payment and Other Provisions After Change of Control Clause in Contracts

Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS: In the event Employee's employment with the Company is terminated within two years following the occurrence of a Change of Control (other than as a consequence of his death or disability, or of his normal retirement under the Company's retirement plans and practices) either (x) by the Company for any reason other than for Cause or (z) by Employee with Good Reason as provided in Paragraph , then Employee shall be entitled to receive from the Company, the following: i. BASE SALARY. Employee's Base Salary as in effect at the date of termination, multiplied by two, shall be paid on the date of termination;

Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS: In the event Employee's employment with the Company is terminated within two years following the occurrence of a Change of Control (other than as a consequence of his death or disability, or of his normal retirement under the Company's retirement plans and practices) either (x) by the Company for any reason other than for Cause whatsoever or (z) by Employee with Good Reason as provided in Paragraph , then Employee shall be entitled to receive from the Company, the following: i. BASE SALARY. Employee's Base Salary as in effect at the date of termination, multiplied by two, termination shall be paid on the date of termination;

Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS: In the event Employee's employment with the Company is terminated within two years following the occurrence of a Change of Control (other than as a consequence of his death or disability, or of his normal retirement under the Company's retirement plans and practices) either (x) by the Company for any reason other than for Cause or (z) by Employee with Good Reason as provided in Paragraph , then Employee shall be entitled to receive from the Company, the following: i. BASE SALARY. Employee's Base Salary as in effect at the date of termination, multiplied by two, termination shall be paid on the date of termination;

Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS: In the event Employee's employment with the Company is terminated within two years following the occurrence of a Change of Control (other than as a consequence of his death or disability, or of his normal retirement under the Company's retirement plans and practices) either (x) by the Company for any reason other than for Cause or (z) by Employee with Good Reason as provided in Paragraph 6, then Employee shall be entitled to receive from the Company, the following: i. BASE SALARY. Employee's Base Salary as in effect at the date of termination, multiplied by two, termination shall be paid on the date of termination;