Common use of Severance and Benefits Clause in Contracts

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.