Common use of Severance Compensation Payable Upon Termination of Employment Without Cause or for Good Reason Following a Change in Control Clause in Contracts

Severance Compensation Payable Upon Termination of Employment Without Cause or for Good Reason Following a Change in Control. If, within 24 months following a Change in Control, the Company terminates Executive’s employment for any reason other than Cause, Disability or death, or if Executive terminates his or her employment for Good Reason pursuant to Section 4.5, then, subject to Section 5.2 (Section 280G Limitation on Payments), Section 6 (Release of Claims) and Section 8 (Section 409A) below, Executive will receive the following severance compensation from the Company: