Common use of Severance Benefits Upon Termination Clause in Contracts

Severance Benefits Upon Termination. If the Executive's employment with the Company: (i) is terminated by the Company for any reason other than for Cause; or (ii) is terminated by the Executive's resignation under circumstances constituting Good Reason, then, during the Continuation Period (except for the benefits described in subsection (c), which shall be provided as described in such subsection), the Executive shall be eligible to receive the severance benefits described in this Section 3.

Appears in 4 contracts

Samples: Executive Employment Agreement (American National Can Group Inc), Executive Employment Agreement (American National Can Group Inc), Executive Employment Agreement (American National Can Group Inc)

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Severance Benefits Upon Termination. If the Executive's employment with the Company: (i) other than as described in clause (iii), is terminated by the Company for any reason other than for Cause; or (ii) other than as described in clause (iii), is terminated by the Executive's resignation under circumstances constituting Good Reason; or (iii) following a Change of Control, is terminated by the Company other than for Cause or is terminated by the Executive for Good Reason, then, during the Continuation Period (except for the benefits described in subsection (c), which shall be provided as described in such subsection)Period, the Executive shall be eligible to receive the severance benefits described in this Section 3.

Appears in 1 contract

Samples: Executive Employment Agreement (American National Can Group Inc)

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