Termination Apart from Change of Control. In the event the Employee's employment is terminated in an Involuntary Termination more than 60 days prior to the occurrence of a Change of Control or after the 18-month period following a Change of Control (the "No-Change Period"), then the Employee shall be entitled to receive severance pay equal to 12 months' Base Compensation, to be paid out monthly at the same time as the Company's regular payroll is paid, and any other benefits that may then be established under the Company's existing severance and benefit plans and policies for employees generally at the time of such termination. In the event the Employee's employment is terminated voluntarily by the Employee during the No-Change Period, then no severance payment shall be made unless in accordance with the Company's existing severance and benefit plans and policies for employees generally at the time of such termination.
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Samples: Management Continuity Agreement (Usweb Corp), Management Continuity Agreement (Usweb Corp), Management Continuity Agreement (Usweb Corp)
Termination Apart from Change of Control. In the event the Employee's employment is terminated terminates in circumstances that constitute an Involuntary Termination more than 60 days prior to the occurrence of a Change of Control or after the 18-month period following a Change of Control (the "No-Change Period"), then the Employee shall be entitled to receive severance pay equal to 12 months' Base Compensation, to be paid out monthly at the same time as the Company's regular payroll is paid, and any other benefits that may then be established under the Company's existing severance and benefit plans and policies for employees generally at the time of such termination. In the event the Employee's employment is terminated voluntarily by the Employee resigns under circumstances that do not constitute an Involuntary Termination during the No-Change Period, then no severance payment shall be made due unless in accordance with the Company's existing severance and benefit plans and policies for employees generally at the time of such termination.
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