Common use of Payments on Change in Control Clause in Contracts

Payments on Change in Control. Notwithstanding the provisions of Section 1, if a Change in Control occurs prior to the date on which the Executive has received all of the payments due his hereunder, all of the then remaining Retirement Benefits to which he is entitled hereunder, determined in accordance with Exhibit A (without any adjustment for early payment), shall be paid to the Executive in a lump sum as soon as practicable following the Change in Control.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (Axis Capital Holdings LTD), Supplemental Executive Retirement Agreement (Axis Capital Holdings LTD), Supplemental Executive Retirement Agreement (Axis Capital Holdings LTD)

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