Common use of Rights and Benefits Upon Termination Clause in Contracts

Rights and Benefits Upon Termination. In the event of the termination of Executive's employment under any of the circumstances set forth in Section 2 hereof ("Termination"), Sonat agrees to provide or cause to be provided to Executive the following rights and benefits: (a) Salary and Other Payment at Termination. Executive shall be entitled to receive within 30 days of Termination a lump-sum payment in cash in the amount of three times Executive's highest Earnings (as such term is defined in this Section 3 (a)) with respect to any 12 consecutive month period during the three years ending with the date of Termination; provided, however, that if there are fewer than 36 months remaining from the date of Termination to Executive's Normal Retirement Date, the amount calculated pursuant to this paragraph will be reduced by multiplying such amount by a fraction, the numerator of which is the number of months (including any fraction of a month) so remaining to Executive's Normal Retirement Date and the denominator of which is 36.

Rights and Benefits Upon Termination. In the event of the termination of Executive's employment under any of the circumstances set forth in Section 2 hereof ("Termination"), Sonat agrees to provide or cause to be provided to Executive the following rights and benefits: (aA) Salary and Other Payment at TerminationSALARY AND OTHER PAYMENT AT TERMINATION. Executive shall be entitled to receive within 30 days of Termination a lump-sum payment in cash in the amount of three times Executive's highest Earnings (as such term is defined in this Section 3 (a3(a)) with respect to any 12 consecutive month period during the three years ending with the date of Termination; provided, however, that if there are fewer than 36 months remaining from the date of Termination to Executive's Normal Retirement Date, the amount calculated pursuant to this paragraph will be reduced by multiplying such amount by a fraction, the numerator of which is the number of months (including any fraction of a month) so remaining to Executive's Normal Retirement Date and the denominator of which is 36.

Rights and Benefits Upon Termination. In the event of the termination of Executive's employment under any of the circumstances set forth in Section 2 hereof ("Termination"), Sonat agrees to provide or cause to be provided to Executive the following rights and benefits: (a) Salary and Other Payment at Termination. Executive shall be entitled to receive within 30 days of Termination a lump-sum payment in cash in the amount of three times Executive's highest Earnings (as such term is defined in this Section 3 (a3(a)) with respect to any 12 consecutive month period during the three years ending with the date of Termination; provided, however, that if there are fewer than 36 months remaining from the date of Termination to Executive's Normal Retirement Date, the amount calculated pursuant to this paragraph will be reduced by multiplying such amount by a fraction, the numerator of which is the number of months (including any fraction of a month) so remaining to Executive's Normal Retirement Date and the denominator of which is 36.of