Severance Benefit Payment. The Company shall provide Employee with a severance benefit payment in an amount equal to three (3) times the Employee's then existing annual base pay (the "Severance Benefit Payment") upon a Change in Control during the Employment Period followed by (i) the occurrence of any one of the events specified in subparagraphs (a) through (f) below and (ii) Employee's resignation from employment:
Appears in 2 contracts
Samples: Employment Agreement (Comstock Resources Inc), Employment Agreement (Comstock Resources Inc)
Severance Benefit Payment. The Company shall provide Employee with a severance benefit payment in an amount equal to three (3) times the Employee's then existing annual base pay (or an amount equal to the Employee's base pay for the balance of the term hereof if less than one year) (the "Severance Benefit Payment") upon a Change in Control during the Employment Period followed by (i) the occurrence of any one of the events specified in subparagraphs (a) through (fd) below and (ii) Employee's resignation from employment:employment (each, a "Severance Event"):
Appears in 1 contract
Severance Benefit Payment. The Company shall provide Employee with a severance benefit payment in an amount equal to three (3) times the Employee's then existing annual base pay (or an amount equal to the Employee's base pay for the balance of the term hereof if less than one year) (the "Severance Benefit Payment") upon a Change in Control during the Employment Period followed by (i) the occurrence of any one of the events specified in subparagraphs subsections (a) through (fd) below and (ii) Employee's subsequent resignation from employment:or termination of employment (each, a "Severance Event"):
Appears in 1 contract
