Termination by the Executive other than for Good Reason. The Executive may terminate his employment at any time during the Employment Period for any reason other than Good Reason, in which case the Company or an Affiliate shall pay the Executive the base salary to which he is entitled through the date of his termination of employment. If such termination of employment occurs during the 30-day period beginning on the first anniversary of the Change in Control, and subject to the following provisions of this paragraph (d), the Company or an Affiliate shall pay the Executive an additional amount in a lump sum payment within 30 days of such termination of employment equal to the Executive’s base salary (at the rate in effect immediately prior to his termination of employment) for _____ months [Ranging from 9 to 18 months]. In no event, however, shall the Executive be entitled to receive the amount described in the preceding sentence unless he executes a Release, nor shall the Executive be entitled to receive the amount described in the preceding sentence if, immediately prior to at the time of his termination of employment, the Company or an Affiliate could have terminated his employment for Cause. The Executive’s entitlement to benefits and options under any incentive or deferred compensation or other employee benefit programs in which the Executive participates shall be determined in accordance with the terms of such programs for officer/employee termination.
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Samples: Change of Control Agreement (Corus Bankshares Inc), Change of Control Agreement (Corus Bankshares Inc)
Termination by the Executive other than for Good Reason. The Executive may terminate his employment at any time during the Employment Period for any reason other than Good Reason, in which case the Company or an Affiliate shall pay the Executive the base salary to which he is entitled through the date of his termination of employment. If such termination of employment occurs during the 30-day period beginning on the first anniversary of the Change in Control, and subject to the following provisions of this paragraph (d), the Company or an Affiliate shall pay the Executive an additional amount in a lump sum payment within 30 days of such termination of employment equal to the Executive’s 's base salary (at the rate in effect immediately prior to his termination of employment) for _____ months [Ranging from 9 nine to 18 eighteen months]. In no event, however, shall the Executive be entitled to receive the amount described in the preceding sentence unless he executes a Release, nor shall the Executive be entitled to receive the amount described in the preceding sentence if, immediately prior to at the time of his termination of employment, the Company or an Affiliate could have terminated his employment for Cause. The Executive’s 's entitlement to benefits and options under any incentive or deferred compensation or other employee benefit programs in which the Executive participates shall be determined in accordance with the terms of such programs for officer/employee termination.
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Termination by the Executive other than for Good Reason. The Executive may terminate his employment at any time during the Employment Period for any reason other than Good Reason, in which case the Company or an Affiliate shall pay the Executive the base salary to which he is entitled through the date of his termination of employment. If such termination of employment occurs during the 30-day period beginning on the first anniversary of the Change in Control, and subject to the following provisions of this paragraph (d), the Company or an Affiliate shall pay the Executive an additional amount in a lump sum payment within 30 days of such termination of employment equal to the Executive’s base salary (at the rate in effect immediately prior to his termination of employment) for _____ months [Ranging from 9 nine to 18 eighteen months]. In no event, however, shall the Executive be entitled to receive the amount described in the preceding sentence unless he executes a Release, nor shall the Executive be entitled to receive the amount described in the preceding sentence if, immediately prior to at the time of his termination of employment, the Company or an Affiliate could have terminated his employment for Cause. The Executive’s entitlement to benefits and options under any incentive or deferred compensation or other employee benefit programs in which the Executive participates shall be determined in accordance with the terms of such programs for officer/employee termination.
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Termination by the Executive other than for Good Reason. The Executive may terminate his employment at any time during the Employment Period for any reason other than Good Reason, in which case the Company or an Affiliate shall pay the Executive the base salary to which he is entitled through the date of his termination of employment. If such termination of employment occurs during the 30-day period beginning on the first anniversary of the Change in Control, and subject to the following provisions of this paragraph (d), the Company or an Affiliate shall pay the Executive an additional amount in a lump sum payment within 30 days of such termination of employment equal to the Executive’s base salary (at the rate in effect immediately prior to his termination of employment) for _____ months [Ranging from 9 to 18 months]. In no event, however, shall the Executive be entitled to receive the amount described in the preceding sentence unless he executes a Release, nor shall the Executive be entitled to receive the amount described in the preceding sentence if, immediately prior to at the time of his termination of employment, the Company or an Affiliate could have terminated his employment for Cause. The Executive’s entitlement to benefits and options under any incentive or deferred compensation or other employee benefit programs in which the Executive participates shall be determined in accordance with the terms of such programs for officer/employee termination.
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