Common use of Right to Severance Benefits Clause in Contracts

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.3, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 9 contracts

Samples: Control Severance Agreement (Power One Inc), Control Severance Agreement (Power One Inc), Employment Agreement (Power One Inc)

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Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.34.3 herein, if the Executive has incurred incurs a Qualifying TerminationTermination during the six (6) month period immediately prior to a Change in Control or within twenty-four (24) calendar months following a Change in Control. The Executive shall not be entitled to receive Severance Benefits if he or she is terminated for Cause, or if his or her employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of with the Company ends due to death, Disability, or more than twenty-four (24) months after Retirement or due to termination of employment by the date of a Change in Control of the CompanyExecutive without Good Reason.

Appears in 7 contracts

Samples: Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 4.3, 3.3 if the Executive has incurred a Qualifying TerminationTermination and satisfies the release requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 6 contracts

Samples: Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp), Employment Agreement (Qlogic Corp), Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 4.32.3 herein, if the Executive there has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to been a Change in Control of the Controlling Company or more than twenty-four and if, within twelve (2412) months after thereafter, the date of Executive Separates from Service with the Company for any reason specified in Section 2.2 herein as being a Change in Control of the CompanyQualifying Termination.

Appears in 4 contracts

Samples: Restrictive Covenant Agreement (Enova International, Inc.), Restrictive Covenant Agreement (Enova International, Inc.), Restrictive Covenant Agreement (Enova International, Inc.)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 4.3, 3.3 if the Executive has incurred a Qualifying TerminationTermination and satisfies the release requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to date of a Change in Control of the Company or more than twenty-four twelve (2412) months after the date of a Change in Control of the Company.

Appears in 2 contracts

Samples: Control Severance Agreement (Cotherix Inc), Control Severance Agreement (Cotherix Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 4.3, 3.3 if the Executive has incurred a Qualifying TerminationTermination and satisfies the release requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if his or her employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Qlogic Corp), Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.34.4, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his or her employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c4.3(b)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 2 contracts

Samples: January 2010 Special Agreement (Northrop Grumman Corp /De/), January 2009 Special Agreement (Northrop Grumman Corp /De/)

Right to Severance Benefits. The Subject to Section 9.1, the Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.33.4, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c3.3(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (China Finance Online Co. LTD), Control Agreement (China Finance Online Co. LTD)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.34.4, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c4.3(d)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 2 contracts

Samples: March 2004 Special Agreement (Northrop Grumman Corp /De/), Employment Agreement (Northrop Grumman Corp /De/)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.33.3, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Diagnostic Products Corp)

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Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.33.3, if the Executive has incurred a Qualifying Termination, as described in Section 3.2(a). The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c3.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

Appears in 1 contract

Samples: Employment Agreement (Remedytemp Inc)

Right to Severance Benefits. A. The Executive shall will be entitled to receive from the Company Severance BenefitsBenefits pursuant to the terms of this Agreement, and as described set forth in Section 4.3Exhibit B, if the Executive there has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to been a Change in Control and if during the Protection Period a Qualifying Termination of the Company or more than twentyExecutive has occurred. Executive’s right to receive the Severance Benefits is conditioned upon Executive’s signing an effective general release of claims and covenant not to sue within forty-four five (2445) months after the date of a Change in Control days of the CompanyEffective Date of Termination, and not revoking such release during any revocation period required by law.

Appears in 1 contract

Samples: Executive Severance Agreement (TechnipFMC PLC)

Right to Severance Benefits. A. The Executive shall will be entitled to receive from the Company Severance BenefitsBenefits pursuant to the terms of this Agreement, and as described set forth in Section 4.3Exhibit B, if the Executive there has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to been a Change in Control and if during the Protection Period a Qualifying Termination of the Company or more than twentyExecutive has occurred. Executive’s right to receive the Severance Benefits is conditioned upon Executive’s signing an effective general release of claims and covenant not to xxx within forty-four five (2445) months after the date of a Change in Control days of the CompanyEffective Date of Termination, and not revoking such release during any revocation period required by law.

Appears in 1 contract

Samples: Executive Severance Agreement (TechnipFMC PLC)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.33.3, if the Executive has incurred a Qualifying Termination, as described in Section 3.2(a). The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c3.2(c)) corresponding to a Change in Control of the Company or more than twenty-four twelve (2412) months after the date of a Change in Control of the Company.

Appears in 1 contract

Samples: Control Severance Agreement (Remedytemp Inc)

Right to Severance Benefits. 1. The Executive shall will be entitled to receive from the Company Severance BenefitsBenefits pursuant to the terms of this Agreement, and as described set forth in Section 4.3Exhibit B, if the Executive there has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to been a Change in Control and if during the Protection Period a Qualifying Termination of the Company or more than twentyExecutive has occurred. Executive’s right to receive the Severance Benefits is conditioned upon Executive’s signing an effective general release of claims and covenant not to xxx within forty-four five (2445) months after the date of a Change in Control days of the CompanyEffective Date of Termination, and not revoking such release during any revocation period required by law.

Appears in 1 contract

Samples: Severance Agreement (TechnipFMC PLC)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.33.3, if if, within twenty-four (24) months following the Effective Time, the Executive’s employment with the Company shall end for the reason specified in Section 3.2 and provided that Executive has incurred executed, and not revoked, a Qualifying Termination. binding general release of claims in the form attached hereto as Exhibit A. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term he is defined in Section 4.2(c)) corresponding terminated for Cause or due to a Change in Control voluntary termination of employment by the Company or more than twenty-four (24) months after the date of a Change in Control of the CompanyExecutive for any reason.

Appears in 1 contract

Samples: Severance Agreement (Applied Films Corp)

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