Common use of Special Severance Benefits Clause in Contracts

Special Severance Benefits. (a) If, during the specific time periods listed in subparagraph (b), the Employment is terminated by any of the specific events listed there, then the Executive will be entitled to the following benefits (“Special Severance Benefits”): (1) all benefits that would be provided under this Agreement in the event of a termination of the Employment without Cause by the Company, with the Severance Payment paid as provided in subparagraph (c) below, instead of as provided in Section 6 of this Agreement; and (2) a special, additional severance payment (“Special Severance Payment”) equal to one-half (.5) times the highest Base Salary in effect (i) during the 12 months immediately prior to the Termination Date or (ii) during the Employment, if the Employment has lasted less than 12 months. (b) The specific termination events and time periods in which the Executive will be entitled to the Special Severance Benefits are as follows: (1) the Executive’s Employment is terminated by the Company, for any reason other than Cause, at any time during the period beginning on the Change of Control Date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Date; or (2) the Executive Resigns for Good Reason at any time during the period beginning on the Change of Control Date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Date. (c) The Special Severance Payment and the Severance Payment required by this Agreement shall be made to the Executive, in cash or immediately-available funds, in a lump sum within 10 business days following the execution by Executive of a release. (d) Payments pursuant to this Agreement shall not be deemed to constitute continued employment beyond the Termination Date. (e) As a condition to providing the Executive with the Special Severance Benefits, the Company will require the Executive to first execute a release.

Special Severance Benefits. (a) If, during the specific time periods listed in subparagraph (b), the Employment is terminated by any of the specific events listed there, then the Executive will be entitled to the following benefits (“Special Severance Benefits”): (1) all benefits that would be provided under this Agreement in the event of a termination of the Employment without Cause by the Company, with the Severance Payment paid as provided in subparagraph (c) below, instead of as provided in Section 6 of this Agreement; and (2) a special, additional severance payment (“Special Severance Payment”) equal to one-half (.5) times the highest Base Salary in effect (i) during the 12 months immediately prior to the Termination Date or (ii) during the Employment, if the Employment has lasted less than 12 months. (b) The specific termination events and time periods in which the Executive will be entitled to the Special Severance Benefits are as follows: (1) the Executive’s Employment is terminated by the Company, for any reason other than Cause, at any time during the period beginning on the Change of Control Date date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Datedate; or (2) the Executive Resigns for Good Reason at any time during the period beginning on the Change of Control Date date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Datedate. (c) The Special Severance Payment and the Severance Payment required by this Agreement shall be made to the Executive, in cash or immediately-available funds, in a lump sum within 10 ten (10) business days following the execution by Executive of a releaseTermination Date. (d) Payments pursuant to this Agreement shall not be deemed to constitute continued employment beyond the Termination Date. (e) As a condition to providing the Executive with the Special Severance Benefits, the Company will require the Executive to first execute a release.

Special Severance Benefits. (a) If, during the specific time periods listed in subparagraph (b)) below, the Employment is terminated by any of the specific events listed theretherein, then the Executive will be entitled to the following benefits (“Special Severance Benefits”): (1) all benefits that would be provided under this Agreement in the event of a termination of the Employment without Cause by the Company, with the Severance Payment paid as provided in subparagraph (c) below, instead of as provided in Section 6 of this Agreement; and (2) a special, additional severance payment (the “Special Severance Payment”) equal to one-half (.5) times the highest Base Salary in effect (i) during the 12 months immediately prior to the Termination Date or (ii) during the Employment, if the Employment has lasted less than 12 months. (b) The specific termination events and time periods in which the Executive will be entitled to the Special Severance Benefits are as follows: (1) the Executive’s Employment is terminated by the Company, for any reason other than Cause, at any time during the period beginning on the Change of Control Date date and ending at 5 5:00 pm Houston Phoenix time on the date two (2) years after the Change of Control Datedate; or (2) the Executive Resigns for Good Reason at any time during the period beginning on the Change of Control Date date and ending at 5 5:00 pm Houston Phoenix time on the date two (2) years after the Change of Control Datedate. (c) The Special Severance Payment and the Severance Payment required by this Agreement shall be made to the Executive, in cash or immediately-available funds, in a lump sum within 10 ten (10) business days following the execution by Executive of a releaseTermination Date. (d) Payments pursuant to this Agreement shall not be deemed to constitute continued employment beyond the Termination Date. (e) As a condition to providing the Executive with the Special Severance Benefits, the Company will require the Executive to first execute a releaserelease on the same terms as specified in Section 6.1(f) above.

Special Severance Benefits. (a) If, during the specific time periods listed in subparagraph (b), the Employment is terminated by any of the specific events listed there, then the Executive will be entitled to the following benefits (“Special Severance Benefits”): (1i) all benefits that would be provided under this Agreement in the event of a termination of the Employment without Cause by the Company, with the Severance Payment paid as provided in subparagraph (c) below, instead of as provided in Section 6 of this Agreement; and (2ii) a special, additional severance payment (“Special Severance Payment”) equal to one-half (.5) times the highest Base Salary in effect (i) during the 12 months immediately prior to the Termination Date or (ii) during the Employment, if the Employment has lasted less than 12 months. (b) The specific termination events and time periods in which the Executive will be entitled to the Special Severance Benefits are as follows: (1i) the Executive’s Employment is terminated by the Company, for any reason other than Cause, at any time during the period beginning on the Change of Control Date date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Datedate; or (2ii) the Executive Resigns for Good Reason at any time during the period beginning on the Change of Control Date date and ending at 5 pm Houston time on the date two (2) years after the Change of Control Datedate. (c) The Special Severance Payment and the Severance Payment required by this Agreement shall be made to the Executive, in cash or immediately-available funds, in a lump sum within 10 ten (10) business days following the execution by Executive of a releaseTermination Date. (d) Payments pursuant to this Agreement shall not be deemed to constitute continued employment beyond the Termination Date. (e) As a condition to providing the Executive with the Special Severance Benefits, the Company will require the Executive to first execute a release.