Termination Giving Rise to a Termination Payment. 8.1 If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay the Termination Payment pursuant to Section 9.2. 8.2 If there is Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits: (i) The Executive shall receive, at the expense of the Company, outplacement services, on an individualized basis at a level of service commensurate with the Executive's status with the Company, Belden Technologies or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company. (ii) For two years after the date of Termination, the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 3 contracts
Samples: Change of Control Employment Agreement (Belden Inc), Change of Control Employment Agreement (Belden Inc), Change of Control Employment Agreement (Belden Inc)
Termination Giving Rise to a Termination Payment. 8.1 If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay the Termination Payment pursuant to Section 9.2.
8.2 If there is Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, on an individualized basis at a level of service commensurate with the Executive's status with the Company, Belden Technologies BWC or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company.
(ii) For two years after the date of Termination, the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 2 contracts
Samples: Change of Control Employment Agreement (Belden Inc), Change of Control Employment Agreement (Belden Inc)
Termination Giving Rise to a Termination Payment. 8.1 (a) If there is a Covered Termination by the Executive for Good ReasonReason or a Discretionary Termination, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 1212 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13)Cause, then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 9(a) hereof and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay pay, the Termination Payment pursuant to Section 9.29(b) hereof.
8.2 (b) If there is a Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, services on an individualized individual basis at a level of service commensurate with the Executive's status with the Company, Belden Technologies or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company and acceptable to Executive until the earlier of the third anniversary of the Termination Date or such time as the Executive has obtained new full-time employment comparable to his position at the Company.
(ii) For two years after Until the date earlier of Termination, the third anniversary of the Termination Date or such time as the Executive has obtained new employment and is covered by benefits which in the aggregate are at least equal in value to the following benefits the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage insurance as was required under this Agreement hereunder with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 2 contracts
Samples: Key Executive Employment and Severance Agreement (Northland Cranberries Inc /Wi/), Executive Employment and Severance Agreement (Northland Cranberries Inc /Wi/)
Termination Giving Rise to a Termination Payment. 8.1 (a) If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 1212 hereof, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13)Cause, then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 9(a) hereof and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay pay, the Termination Payment pursuant to Section 9.29(b) hereof.
8.2 (b) If there is a Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, services on an individualized basis at a level of service commensurate with the Executive's status with the Company, Belden Technologies or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company.
(ii) For two years after Until the date earlier of Termination, the third anniversary of the Termination Date or such time as the Executive has obtained new employment and is covered by benefits which in the aggregate are at least equal in value to the following benefits the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement hereunder with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 2 contracts
Samples: Key Executive Employment and Severance Agreement (Schultz Sav O Stores Inc), Key Executive Employment and Severance Agreement (Schultz Holding Co Inc)
Termination Giving Rise to a Termination Payment. 8.1 If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 and, in lieu of further base salary for periods p e riods following the Termination Date, as liquidated damages and additional severance pay the Termination Payment pursuant to Section 9.2.
8.2 If there is Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, on an individualized basis at a level of service commensurate with the Executive's status with the Company, Belden Technologies BWC or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company.
(ii) For two years after the date of Termination, the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 1 contract
Samples: Change of Control Employment Agreement (Belden Inc)
Termination Giving Rise to a Termination Payment. 8.1 If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay the Termination Payment pursuant to Section 9.2.
8.2 If there is Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, on an individualized basis at a level of service commensurate with the Executive's status with the Company, Belden Xxxxxx Technologies or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's employment), provided by a nationally recognized executive placement firm selected by the Company.
(ii) For two years after the date of Termination, the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 1 contract
Samples: Change of Control Employment Agreement (Belden Inc)
Termination Giving Rise to a Termination Payment. 8.1 If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 12, or (iii) Cause (any such terminations to be subject to the procedures set forth in Section 13), then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits pursuant to Section 9.1 and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay the Termination Payment pursuant to Section 9.2.
8.2 If there is Covered Termination and the Executive is entitled to Accrued Benefits and the Termination Payment, then the Executive shall be entitled to the following additional benefits:
(i) The Executive shall receive, at the expense of the Company, outplacement services, on an individualized basis at a level of service commensurate with the Executive's ’s status with the Company, [Belden Technologies Technologies] or their Affiliates immediately prior to the Change in Control of the Company (or, if higher, immediately prior to the termination of the Executive's ’s employment), provided by a nationally recognized executive placement firm selected by the Company.
(ii) For two years after the date of Termination, the Executive shall continue to be covered, at the expense of the Company, by the same or equivalent life insurance, hospitalization, medical and dental coverage as was required under this Agreement with respect to the Executive immediately prior to the date the Notice of Termination is given.
Appears in 1 contract
Samples: Change of Control Employment Agreement (Belden CDT Inc.)