Common use of Right to Severance Benefits Clause in Contracts

Right to Severance Benefits. Subject to the provisions hereof, the Executive will be entitled to receive from the Company Severance Benefits as described in Section 3.3 if there has been a Change in Control of the Company and if any of the events designated within Section 3.2 occur. The Executive will not be entitled to receive Severance Benefits if his or her employment with the Company ends due to death, disability, voluntary retirement, a voluntary termination by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 10 contracts

Samples: Control Severance Agreement (Mb Financial Inc /Md), Control Severance Agreement (Mb Financial Inc /Md), Severance Agreement (Mb Financial Inc /Md)

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Right to Severance Benefits. Subject to the provisions hereof, the The Executive will be entitled to receive from the Company Severance Benefits Benefits, as described in this Article 3 herein, if the Executive satisfies the conditions set forth in this Article 3. Except with respect to the Accrued Obligations (and subject to Section 3.3 if there has been a Change 3.3, as applicable), in Control of no event herein, except as may be required by applicable federal and/or state law, shall the Company and if any of the events designated within Section 3.2 occur. The Executive will not be entitled to receive any other Severance Benefits if his the Executive’s employment is terminated (i) for Cause or her employment with the Company ends (ii) due to death, disability, voluntary retirement, a voluntary termination by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 6 contracts

Samples: Churchill Downs Incorporated (CHURCHILL DOWNS Inc), Churchill Downs Incorporated (CHURCHILL DOWNS Inc), Churchill Downs Incorporated (CHURCHILL DOWNS Inc)

Right to Severance Benefits. Subject to the provisions hereof, the The Executive will shall be entitled to receive from the Company Severance Benefits as described in Section 3.3 2.3 hereof, if there has been a Change in Control of the Company and if if, within the Window Period, the Executive’s employment with the Company ends for any of the events designated within reason specified in Section 3.2 occur2.2 hereof. The Executive will shall not be entitled to receive Severance Benefits if he is terminated for Cause, or if his or her employment with the Company ends due to death, disability, voluntary retirement, Disability or due to a voluntary termination of employment by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 5 contracts

Samples: Combination Agreement (Covalent Group Inc), Employment Agreement (Encorium Group Inc), Combination Agreement (Covalent Group Inc)

Right to Severance Benefits. Subject to the provisions hereof, the Executive will be entitled to receive from the Company Severance Benefits as described in Section 3.3 if there has been a Change in Control of the Company and if any of the events designated within Section 3.2 occur. The Executive will not be entitled to receive Severance Benefits if his or her employment with the Company ends due to death, disability, voluntary retirement, a voluntary termination by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 4 contracts

Samples: Control Severance Agreement (Plymouth Industrial REIT, Inc.), Control Severance Agreement (Plymouth Industrial REIT Inc.), Control Severance Agreement (Plymouth Industrial REIT Inc.)

Right to Severance Benefits. Subject to the provisions hereof, the The Executive will shall be entitled to receive from the Company Severance Benefits Benefits, as described in Section Paragraph 3.3 herein, if there has been a Change in Control of the Company and if any of the events designated within Section 3.2 occurQualifying Termination. The Executive will shall not be entitled to receive Severance Benefits if his or her employment with the Company ends due to death, disability, voluntary retirement, a voluntary termination by the Executive without Good Reason, or due to an involuntary termination by the Company he is terminated for Just Cause.

Appears in 3 contracts

Samples: Severance Agreement (Lee Sara Corp), Earthgrains Co /De/, Earthgrains Co /De/

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Right to Severance Benefits. Subject to the provisions hereof, the The Executive will shall be entitled to receive from the Company Severance Benefits Benefits, as described in Section 3.3 herein, if there has been a Change in Control Qualifying Termination of the Company and if any of the events designated within Section 3.2 occurExecutive has occurred. The Executive will shall not be entitled to receive Severance Benefits if he or she is terminated for Cause, or if his or her employment with the Company ends due to death, disability, voluntary retirement, death or Disability or due to a voluntary termination of employment by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 1 contract

Samples: Agreement (Deere & Co)

Right to Severance Benefits. Subject to the provisions hereof, the Executive will shall be entitled to receive from the Company Severance Benefits as described in Section 3.3 herein, if there has been a Change in Control of the Company and if any of the events designated within Section 3.2 herein shall occur. The Executive will shall not be entitled to receive Severance Benefits if his or her employment with the Company ends due to death, disability, voluntary retirement, a voluntary termination by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Mb Midcity Inc)

Right to Severance Benefits. Subject to the provisions hereof, the The Executive will shall be entitled to receive from the Company Severance Benefits described in Section 2.4 herein if the Executive has incurred a Qualifying Termination as described in Section 3.3 if there has been a Change in Control of the Company and if any of the events designated within Section 3.2 occur2.3. The Executive will shall not be entitled to receive Severance Benefits if he is terminated for Cause, or if his or her employment with the Company ends due to deathdeath or Disability, disability, voluntary retirement, or due to a voluntary termination of employment by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 1 contract

Samples: Special Agreement (Northrop Grumman Corp)

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