Common use of SEVERANCE BENEFITS FOR NON-RENEWAL Clause in Contracts

SEVERANCE BENEFITS FOR NON-RENEWAL. Notwithstanding SECTION 9(a), if the Board’s election not to renew the term of this Agreement as provided in SECTION 3 within 24 months following a Change in Control causes Executive’s Qualifying Termination, then Executive shall not be entitled to the amount specified in SECTION 8(b) and the number “two” shall replace “three” in SECTIONS 9(a)(i)(B) and (C) and “24 months” shall replace “36 months” in SECTION 9(a)(ii).