Severance Plan Benefits. Notwithstanding Section 2(i), if Executive incurs a Separation from Service for which Executive becomes entitled to, and receives, severance benefits pursuant to the UniSource Energy Corporation Severance Pay Plan (the “Severance Plan”) and a Change in Control occurs within six months following such Separation from Service, Executive will be entitled to Change in Control Severance Benefits pursuant to this Agreement. The payments and benefits due to Executive as Change in Control Severance Benefits then will be reduced by the amount of any payment or benefit Executive already has received pursuant to the Severance Plan.
Appears in 2 contracts
Samples: Officer Change in Control Agreement (Tucson Electric Power Co), Officer Change in Control Agreement (Tucson Electric Power Co)
Severance Plan Benefits. Notwithstanding Section 2(i), if Executive incurs a Separation from Service for which Executive becomes entitled to, and receives, severance benefits pursuant to the UniSource Energy Corporation Severance Pay Plan (the “Severance Plan”) and if Executive’s Separation from Service occurs within six months prior to the occurrence of a Change in Control occurs within six months following and is effected in contemplation of such Separation from Servicechange in Control, Executive also will be entitled to Change in Control Severance Benefits pursuant to this Agreement. The payments and benefits due to Executive as Change in Control Severance Benefits then will be reduced by the amount of any payment or benefit Executive already has received pursuant to the Severance Plan.
Appears in 2 contracts
Samples: Officer Change in Control Agreement (Unisource Energy Corp), Officer Change in Control Agreement (Tucson Electric Power Co)