Common use of Severance Protection Upon Involuntary Termination Clause in Contracts

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control and ending twelve (12) months following the effective date of a Change in Control, the Executive's employment is terminated by the Company without Cause (pursuant to Section 5(E)) or by the Executive for Good Reason (pursuant to Section 5(F)), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) except (i) in lieu of the severance payments described in Section 6(D)(iv), Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months of the Executive's Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's employment); and (ii) the benefit continuation period described in Section 6(D)(v) shall commence on the date the Executive's employment terminates and expire twelve (12) months from such date of termination. The payments and benefits described in the preceding sentence and in Sections 6(D)(iv) and 6(D)(v) and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's continuing compliance with the Executive’s obligations under Section 8 of this Agreement, and the Executive's execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control and ending twelve (12) months following the effective date of a Change in Control, the Executive's employment is terminated by the Company without Cause (pursuant to Section 5(E)) or by the Executive for Good Reason (pursuant to Section 5(F)), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) except (i) in lieu of the severance payments described in Section 6(D)(iv), Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months of the Executive's Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's employment); and (ii) the benefit continuation period described in Section 6(D)(v) shall commence on the date the Executive's employment terminates and expire twelve (12) months from such date of termination. The payments and benefits described in the preceding sentence and in Sections 6(D)(iv) and 6(D)(v) and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's continuing compliance with the Executive’s obligations under Section 8 of this Agreement, and the Executive's execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control and ending twelve (12) months following the effective date of a Change in Control, the Executive's employment is terminated by the Company without Cause (pursuant to Section 5(E)) or by the Executive for Good Reason (pursuant to Section 5(F)), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) except (i) in lieu of the severance payments described in Section 6(D)(iv), the Executive will be entitled to receive an immediate cash payment of an amount equal to twelve eighteen (1218) months of the Executive's Base Salary and 1.0 1.5 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's employment); and (ii) the benefit continuation period described in Section 6(D)(v) shall commence on the date the Executive's employment terminates and expire twelve eighteen (1218) months from such date of termination. The payments and benefits described in the preceding sentence and in Sections 6(D)(iv) and 6(D)(v) and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's continuing compliance with the Executive’s obligations under Section 8 of this Agreement, and the Executive's execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control (as defined below) and ending twelve twenty four (1224) months following the effective date of a Change in Control, the Executive's ’s employment is terminated by the Company without Cause (pursuant to Section 5(E)5E) or by the Executive for Good Reason (pursuant to Section 5(F)5F), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) 6D except (i1) in lieu of the severance payments described in part (iv) of Section 6(D)(iv)6D, Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months 2.75 times the sum of the Executive's ’s Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's ’s employment); and (ii2) the benefit continuation period described in part (v) of Section 6(D)(v) shall commence on 6D will be 33 months from the date the Executive's ’s employment terminates and expire twelve (12) months from such date of terminationterminates. The payments and benefits described in the preceding sentence and in Sections 6(D)(ivparts (v) and 6(D)(v(vi) of Section 6D and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's ’s continuing compliance with the Executive’s his obligations under Section 8 of this Agreement, and the Executive's ’s execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control and ending twelve twenty four (1224) months following the effective date of a Change in Control, the Executive's ’s employment is terminated by the Company without Cause (pursuant to Section 5(E)) or by the Executive for Good Reason (pursuant to Section 5(F)), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) except (i) in lieu of the severance payments described in Section 6(D)(iv), Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months consisting of 2.75 times the sum of the Executive's ’s Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's ’s employment); and (ii) the benefit continuation period described in Section 6(D)(v) shall commence on the date the Executive's ’s employment terminates and expire twelve (12) 36 months from such date of termination. The payments and benefits described in the preceding sentence and in Sections 6(D)(iv) and 6(D)(v) and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's ’s continuing compliance with the Executive’s his obligations under Section 8 of this Agreement, and the Executive's ’s execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control (as defined below) and ending twelve twenty four (1224) months following the effective date of a Change in Control, the Executive's ’s employment is terminated by the Company without Cause (pursuant to Section 5(E)) or by the Executive for Good Reason (pursuant to Section 5(F)), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) except (i) in lieu of the severance payments described in Section 6(D)(iv), Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months consisting of 2.75 times the sum of the Executive's ’s Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's ’s employment); and (ii) the benefit continuation period described in Section 6(D)(v) shall commence on the date the Executive's ’s employment terminates and expire twelve (12) 33 months from such date of termination. The payments and benefits described in the preceding sentence and in Sections 6(D)(iv) and 6(D)(v) and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's ’s continuing compliance with the Executive’s his obligations under Section 8 of this Agreement, and the Executive's ’s execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.

Severance Protection Upon Involuntary Termination. In the event that, during the period beginning one hundred and eighty (180) days before the effective date of a Change in Control (as defined below) and ending twelve twenty four (1224) months following the effective date of a Change in Control, the Executive's ’s employment is terminated by the Company without Cause (pursuant to Section 5(E)5E) or by the Executive for Good Reason (pursuant to Section 5(F)5F), the Executive shall be entitled to the payments and benefits described in the preceding Section 6(D) 6D except (i1) in lieu of the severance payments described in part (iv) of Section 6(D)(iv)6D, Executive will be entitled to receive an immediate cash payment of an amount equal to twelve (12) months 3.0 times the sum of the Executive's ’s Base Salary and 1.0 times the Target Annual Bonus (in each case determined without regard to any reduction prior to the termination of Executive's ’s employment); and (ii2) the benefit continuation period described in part (v) of Section 6(D)(v) shall commence on 6D will be three years from the date the Executive's ’s employment terminates and expire twelve (12) months from such date of terminationterminates. The payments and benefits described in the preceding sentence and in Sections 6(D)(ivparts (v) and 6(D)(v(vi) of Section 6D and the single sum severance payment described in the preceding sentence shall be conditioned upon and subject to the Executive's ’s continuing compliance with the Executive’s his obligations under Section 8 of this Agreement, and the Executive's ’s execution and delivery of a general release substantially in the form annexed hereto as Exhibit C.A.