Common use of Service Benefit Clause in Contracts

Service Benefit. Upon termination, if the Executive is entitled to this Service Benefit, Company will provide a severance to the Executive equivalent to: two (2) months plus one (1) month of the Executive’s Base Salary at the Termination Date for each of the Executive’s two Years of Service completed up to a maximum of (5) months. The following table states the number of months of Base Salary that the Executive will receive as a function of the Executive’s Years of Service. Years of Service Period < 2 years 2 months ≥2 years and < 4 years 3 months ≥ 4 years and < 6 years 4 months ≥ 6 years 5 months The Executive will be entitled to receive this payment regardless of whether or not he/she secures other employment during the time period that he/she is receiving this Service Benefit.

Service Benefit. Upon terminationtermination as a Managerial Employee, if the Executive is entitled to this Service Benefit, Company will provide a severance to the Executive equivalent to: to a minimum of two (2) months plus additionally one (1) month of the Executive’s Base Salary at the Employment Termination Date for each of the Executive’s two Years of Service completed up to a maximum of (5) months. The following table states the number of months of Base Salary that the Executive will receive as a function of the Executive’s Years of Service. Years of Service Period < 2 years 2 months ≥2 ≥ 2 years and < 4 years 3 months ≥ 4 years and < 6 years 4 months ≥ 6 years 5 months The Executive will be entitled to receive this payment regardless of whether or not he/she secures other employment during the time period that he/she is receiving this Service Benefit.

Service Benefit. Upon terminationtermination as a Managerial Employee, if the Executive is entitled to this Service Benefit, Company will provide a severance to the Executive equivalent to: a minimum of two (2) months plus additionally one (1) month of the Executive’s Base Salary at the Employment Termination Date for each of the Executive’s two Years of Service completed up to a maximum of (5) months. The following table states the number of months of Base Salary that the Executive will receive as a function of the Executive’s Years of Service. Years of Service Period < 2 years 2 months ≥2 ≥ 2 years and < 4 years 3 months ≥ 4 years and < 6 years 4 months ≥ 6 years 5 months The Executive will be entitled to receive this payment regardless of whether or not he/she secures other employment during the time period that he/she is receiving this Service Benefit.