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Common use of Right to Receive Benefits Clause in Contracts

Right to Receive Benefits. Xxxxxxxx shall receive the severance benefits described in paragraph 5.(e)(ii) if (1) a "Change in Control" (as defined in paragraph 5.(e)(iii)) occurs during the "Period" (as defined in paragraph 5.(e)(iv)), and (2) either (A) at any time during the period beginning 90 days before, and ending two years after, the Change in Control, Xxxxxxxx terminates his employment with the "Entity" (as defined in paragraph 5.(e)(vii)) for "Good Reason" (as defined in paragraph 5.(e)(viii)) or the "Entity" terminates Xxxxxxxx'x employment without Cause, or (B) at any time during the 3rd month after the Change in Control, Xxxxxxxx terminates his employment with the "Entity" for any reason or for no reason.

Appears in 2 contracts

Samples: Employment Agreement (Jacobson Stores Inc), Employment Agreement (Jacobson Stores Inc)

Right to Receive Benefits. Xxxxxxxx Xxxxxxx shall receive the severance benefits described in paragraph 5.(e)(ii) if (1) a "Change in Control" (as defined in paragraph 5.(e)(iii)) occurs during the "Period" (as defined in paragraph 5.(e)(iv)), and (2) either (A) at any time during the period beginning 90 days before, and ending two years after, the Change in Control, Xxxxxxxx Xxxxxxx terminates his employment with the "Entity" (as defined in paragraph 5.(e)(vii)) for "Good Reason" (as defined in paragraph 5.(e)(viii)) or the "Entity" terminates Xxxxxxxx'x Xxxxxxx'x employment without Cause, or (B) at any time during the 3rd month after the Change in Control, Xxxxxxxx Xxxxxxx terminates his employment with the "Entity" for any reason or for no reason.

Appears in 2 contracts

Samples: Employment Agreement (Jacobson Stores Inc), Employment Agreement (Jacobson Stores Inc)

Right to Receive Benefits. Xxxxxxxx Xxxxx shall receive the severance benefits described in paragraph 5.(e)(ii) if (1) a "Change in Control" (as defined in paragraph 5.(e)(iii)) occurs during the "Period" (as defined in paragraph 5.(e)(iv)), and (2) either (A) at any time during the period beginning 90 days before, and ending two years after, the Change in Control, Xxxxxxxx Xxxxx terminates his employment with the "Entity" (as defined in paragraph 5.(e)(vii)) for "Good Reason" (as defined in paragraph 5.(e)(viii)) or the "Entity" terminates Xxxxxxxx'x Xxxxx'x employment without Cause, or (B) at any time during the 3rd month after the Change in Control, Xxxxxxxx Xxxxx terminates his employment with the "Entity" for any reason or for no reason.

Appears in 1 contract

Samples: Employment Agreement (Jacobson Stores Inc)