Common use of Payments Upon Termination of Employment Clause in Contracts

Payments Upon Termination of Employment. (a) In the event of any termination of the Employee’s employment hereunder (i) by the Employee for Good Reason or (ii) by the Company for any reason other than Cause or the Employee’s Disability, then, as soon as practicable (but not more than sixty (60) days) after any such termination the Company shall pay to the Employee the following amounts, and shall provide the Employee and the dependents, beneficiaries and estate of the Employee with the following, as liquidated damages or severance pay, or both:

Appears in 9 contracts

Samples: Unitil Corporation (Unitil Corp), Severance Agreement (Unitil Corp), Unitil Corporation (Unitil Corp)

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Payments Upon Termination of Employment. (a) In the event of any termination of the Employee’s 's employment hereunder (i) by the Employee for Good Reason pursuant to paragraph 8(c), above, or (ii) by the Company for any reason other than Cause one of those specified in paragraph 8(a), 8(b) or the Employee’s Disability8(d), above, then, as soon as practicable except for Subsection (but not more than sixty (60) days) iv), below, within five business days after any such termination the Company shall pay to the Employee the following amounts, and shall provide the Employee and the dependents, beneficiaries and estate of the Employee with the following, as liquidated damages or severance pay, or both:

Appears in 1 contract

Samples: Year Severance Agreement (Bay State Gas Co /New/)

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