Common use of Right to Severance Benefit Clause in Contracts

Right to Severance Benefit. Executive shall be entitled to receive from the Company a Severance Benefit in the amount provided in Section 4.2 if (i) a Change in Control has occurred and (ii) within one year thereafter, Executive's employment with the Company terminates for any reason, except (b), that notwithstanding the provisions of subparagraph (1), no benefits under this Plan will be payable should the Participant's termination of employment be (i) for Cause, (ii) by reason of Permanent Disability, (iii) initiated by the Participant for other than Good Reason, or (iv) by reason of the Participant's death.