Regular Severance Benefits. Subject to Section 13, if the Company terminates Executive’s employment (i) other than for Cause and (ii) not during the Protected Period, Executive shall receive the following compensation and benefits from the Company:
Regular Severance Benefits. (a) Subject to Section 7 below, you shall be entitled to regular severance benefits under Section 6(c) below if: (1) ProQuest Company terminates your employment without Cause or you resign for Good Reason at any time before a Change of Control of the Company or an Acquisition of at Least 30% of the Company’s Outstanding Voting Stock and Board Change, and (2) you are not entitled to enhanced severance benefits under Section 5. Under no circumstances shall you receive severance benefits under both Section 5 and Section 6 of this Agreement.
Regular Severance Benefits. In the event that during the Term of Employment Executive should incur a Severance Payment Event at a time when he is serving as the President, then in addition to the Minimum Payments under Section 4.1(a), above, the Company shall pay to Executive as additional compensation (the “Severance Payment”), an amount equal to fifty thousand dollars ($50,000), net of applicable taxes and other withholdings, within sixty (60) days following the Termination Date.
Regular Severance Benefits. (a) Subject to Section 7 below, you shall be entitled to regular severance benefits under Section 6(c) below if: (1) ProQuest Company and ProQuest Information & Learning Company terminate your employment without Cause or you resign for Good Reason at any time before the earlier of a Change of Control of the Company, a Sale of the ProQuest I&L Business or an Acquisition of at Least 30% of the Company’s Outstanding Voting Stock and Board Change, and (2) you are not entitled to enhanced severance benefits under Section 5. Under no circumstances shall you receive severance benefits under both Section 5 and Section 6 of this Agreement.
Regular Severance Benefits. If prior to January 25, 2017 (the “Protection Period Date”), the Executive’s employment is terminated by the Company for any reason other than for Cause, Disability or death, or if the Executive resigns for Good Reason, subject to the Executive signing a separation and release agreement in the form of Exhibit II (the “Separation Agreement and Release”), and the Separation Agreement and Release becoming irrevocable, all within 60 days after the earlier of (i) the date of termination or (ii) the date the Executive is provided with the Separation Agreement and Release (the “60-day Period”), the Executive shall be entitled to the following:
Regular Severance Benefits. If during the Term, (w) the Bank terminates Executive’s employment other than for Cause, (x) Executive’s employment terminates by reason of his Resignation for Good Reason, (y) Executive’s employment with the Bank terminates due to Executive’s death or Disability, or (z) Executive’s employment with the Bank terminates pursuant to Section 4(d), in each case of clauses (w), (x) and (z) at a time that Executive is otherwise willing and able to continue in employment, then, in addition to the Accrued Compensation, Executive shall, subject to Section 5(b)(v) and Section 12 below, be entitled to receive the payments and benefits set forth in this Section 5(b), which shall be paid to Executive as follows:
Regular Severance Benefits. If during the Term, (x) the Bank terminates Executive’s employment other than for Cause, death, or Disability or (y) Executive’s employment terminates by reason of his Resignation for Good Reason, in each case at a time that Executive is otherwise willing and able to continue in employment, then, in addition to the Accrued Compensation, Executive shall, subject to Section 5(b)(v) and Section 12 below, be entitled to receive the payments and benefits set forth in this Section 5(b), which shall be paid to Executive as follows:
Regular Severance Benefits. If Executive's employment terminates prior to a Change of Control (other than a termination due to Executive's death or disability, for Cause, or due to Executive's voluntary resignation), DVI shall pay severance benefits to Executive for the two-year period following Executive's termination of employment (subject to Section 7 and provided that Executive signs a release as provided in Section 6). Such severance benefits shall be in an annual amount equal to Executive's annual salary rate in effect on the date of termination plus the average of the last two annual bonuses awarded to Executive prior to termination. Such severance benefits shall be paid in substantially equal periodic payments in accordance with the then current payroll practices of DVI.
Regular Severance Benefits. (a) Subject to Section 7 below, you shall be entitled to regular severance benefits under Section 6(c) below if: (1) either (A) ProQuest Company terminates your employment without Cause or you resign for Good Reason at any time before a Change of Control of the Company or an Acquisition of at Least 30% of the Company’s Outstanding Voting Stock and Board Change, or (B) you decline an offer of employment with the successor to ProQuest Company for any or no reason on or within 30 days after a Change of Control of the Company by providing written notice to ProQuest Company’s Chief Executive Officer and (2) you are not entitled to enhanced severance benefits under Section 5. Under no circumstances shall you receive severance benefits under both Section 5 and Section 6 of this Agreement.
Regular Severance Benefits. Subject to Section 13, if the Company terminates Executive's employment other than for Cause and not during the Protected Period, Executive shall receive the following compensation and benefits from the Company: (A) Within 15 days of the expiration of the Release Period (as defined in Section 13), the Company shall pay to Executive in a lump sum, in cash, an amount equal to one times the sum of Executive's (i) Termination Base Salary and (ii) Target AICP. (B) Notwithstanding anything in any Company stock plan or grant agreement to the contrary, all restricted shares, restricted stock units, phantom stock units or any other equity based award of Executive shall, to the extent such awards would have vested in accordance with their terms had Executive remained employed for the 12- month period following the Date of Termination, become vested and restrictions thereon shall lapse as of the expiration of the Release Period, and the Company shall promptly deliver such shares to Executive. 5.
