Common use of Regular Severance Benefits Clause in Contracts

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.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Voyager Learning CO), Restricted Stock Agreement (Cambium-Voyager Holdings, Inc.)

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Regular Severance Benefits. (a) Subject to Section 7 6 below, you shall be entitled to regular severance benefits under Section 6(c5(c) below if: 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, Change and (2) you are not entitled to enhanced severance benefits under Section 54. Under no circumstances shall you receive severance benefits under both Section 5 4 and Section 6 5 of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Voyager Learning CO), Restricted Stock Agreement (Proquest Co)

Regular Severance Benefits. (a) Subject to Section 7 6 below, you shall be entitled to regular severance benefits under Section 6(c5(c) below if: (1) ProQuest the 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, Change and (2) you neither are not entitled to enhanced severance nor received benefits under Section 54. Under no circumstances shall you receive severance benefits under both Section 5 4 and Section 6 5 of this Agreement.

Appears in 2 contracts

Samples: Cambium-Voyager Holdings, Inc., Voyager Learning CO

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Regular Severance Benefits. (a) Subject to Section 7 8 below, you shall be entitled to regular severance benefits under Section 6(c7(c) below if: (1) ProQuest the 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, Change and (2) you are not entitled to enhanced severance benefits under Section 56. Under no circumstances shall you receive severance benefits under both Section 5 6 and Section 6 7 of this Agreement.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Voyager Learning CO)

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