Common use of Severance Payments and Benefits Clause in Contracts

Severance Payments and Benefits. If on or within 24 months following the consummation of a Change in Control, the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason (each a “Qualifying Termination”), in addition to all accrued but unpaid salary and accrued vacation and unused paid time off, or PTO, the Company shall provide to the Executive a lump sum cash payment as set forth in (a) below, the continued benefits as set forth in (b) below, and the outplacement services set forth in (c) below.

Severance Payments and Benefits. If If, on or within 24 months following the consummation of a Change in Control, the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive for Good Reason (each a “Qualifying Termination”), in addition to all accrued accrued, but unpaid unpaid, salary and accrued vacation and unused paid time off, or PTO, the Company shall provide to the Executive a lump sum cash payment as set forth in (a) below, ; the continued benefits as set forth in (b) below; and, and the outplacement services set forth in (c) below.