Common use of Severance Benefits Period Clause in Contracts

Severance Benefits Period. A period of 12 months following a termination of your employment with the Company and its subsidiaries by the Company without Cause or resignation of your employment with the Company and its subsidiaries by you for Good Reason, other than in the event of a Change of Control or if such severance occurs within 12 months after the Effective Date. If you resign for Good Reason or are terminated by the Company without Cause within one year following a Change of Control or within 12 months following the Effective Date, the Severance Benefits Period shall be a period of 24 months following such termination of employment.

Appears in 8 contracts

Samples: Release and Severance Agrement (Turning Point Brands, Inc.), Release and Severance Agrement (Turning Point Brands, Inc.), Release and Severance Agrement (Turning Point Brands, Inc.)

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Severance Benefits Period. A period of 12 months following a termination of your employment with the Company and its subsidiaries by the Company without Cause or resignation of your employment with the Company and its subsidiaries by you for Good Reason, other than in the event of a Change of Control or if such severance occurs within 12 months after the Effective DateControl. If you resign for Good Reason or are terminated by the Company without Cause within one year following a Change of Control or within 12 months following the Effective Date, the Severance Benefits Period shall be a period of 24 months following such termination of employment.

Appears in 3 contracts

Samples: Release and Severance Agreement (Turning Point Brands, Inc.), Release and Severance Agreement (Turning Point Brands, Inc.), Release and Severance Agrement (Turning Point Brands, Inc.)

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Severance Benefits Period. A period of 12 months following a termination of your employment with the Company and its subsidiaries by the Company without Cause (other than death or disability) or resignation of your employment with the Company and its subsidiaries by you for Good Reason, other than in the event of within one year following a Change of Control or if such severance occurs within 12 months after the Effective DateControl. If you resign for Good Reason or are terminated by the Company without Cause (other than death or disability) within one year following a Change of Control or within 12 months following the Effective DateControl, the Severance Benefits Period shall be a period of 24 months following such termination of employment.

Appears in 2 contracts

Samples: Release and Severance Agrement (Turning Point Brands, Inc.), Turning Point Brands, Inc.

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