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 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 14 contracts

Samples: Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, 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 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, death or Retirement Disability or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Severance Protection Agreement (Deere & Co)

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Right to Severance Benefits. The Executive 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, within twenty-four (24) calendar months following the Change in Control, a Notice of Termination for a Qualifying Termination of the Executive has occurredbeen delivered. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Charming Shoppes Inc

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