Severance and Benefits. 3.1 If, during the Term, the Executive’s employment with the Company is terminated within twenty-four (24) months following a Change in Control, the Executive shall be entitled to the following compensation and benefits:
Severance and Benefits. 5.1 If, on or before December 31, 1999, the Company successfully divests the Division and the Executive's employment with the Company shall be terminated by the purchasers for reasons other than Cause, Disability or Death within one year of the completion of the divestiture, then the Executive will be entitled to one year's base salary plus one year's taxable bonus (calculated as maximum normal bonus achievable in 1999), payable by the purchaser.
Severance and Benefits. As of the expiration of the revocation period with respect to this Agreement provided for in Section 12 and the consequent effectiveness of the
Severance and Benefits. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time after a Change of Control, and provided that the Employee duly executes a General Release of All Claims, in the form attached hereto as Exhibit A or in another form provided by the Company, then:
Severance and Benefits. Company will pay to Employee as severance his/her monthly salary through July 18, 2003 for a total salary severance amount of $175,000.00 less deductions and withholding. Company will also pay Employee's COBRA premiums for health insurance benefit continuation through July 31, 2003. Except as set forth herein, all other benefits shall cease on the Ending Date. Employee shall have the right to self-pay health insurance benefits under COBRA after July 31, 2003.
Severance and Benefits. 5.1 If within one year of a Change in Control or a Divestiture of BASS, the Executive is terminated by the purchasers for reasons other than Cause or if the executive resigns for Good Reason, then the Executive will be entitled to one year's base salary plus one year's taxable bonus (calculated as maximum normal bonus, excluding retention bonus), payable by the purchaser. "Severance Payments."
Severance and Benefits. In consideration for the release of claims set forth below and other obligations under this Agreement and provided that this Agreement is signed by Tidmarsh and not revoked under Section 13 below, and further provided that Tidmarsh remains in full compliance with his obligations to the Company under this Agreement and the Proprietary Information and Inventions Assignment Agreement described in Section 9 below, the Company agrees to provide the following separation benefits to Tidmarsh:
Severance and Benefits. As of the expiration of the revocation period with respect to this Agreement provided for in Section 12 and the consequent effectiveness of the waiver and release set forth in Section 6 hereof (the "Release"), the Company shall provide the Executive with the payments and benefits specified in clauses (B), (C) and (D) of Section 4(a)(i) of the Employment Agreement (the "Severance Benefits"). The Executive acknowledges and agrees that his right to receive the Severance Benefits thereunder is contingent upon his execution of this Agreement and the consequent effectiveness due to non-revocation of this Agreement and the Release. If the Executive fails to execute this Agreement within twenty-one days after it is executed by the Company and delivered to the Executive and/or the Executive revokes this Agreement or the Release within seven days after such execution, then the Executive shall not be entitled to the Severance Benefits.
Severance and Benefits. Subject to the terms of this Agreement, and providing Employee executes and does not revoke this Agreement and complies with the terms of this Agreement, the Company agrees to pay to Employee the Severance Payments and other benefits as set forth below. The Company shall have the right, upon due notice to Employee to set off any amounts due and owing by Employee to the Company against any amounts due and owing by the Company to Employee.
Severance and Benefits. The severance and benefits to which you are entitled as of the Separation Date are as follows:
