Termination of Employment Following Change in Control. The Executive shall be entitled to the benefits provided in Section 5 hereof upon the termination of his employment during the term of this Agreement, as the same may be extended, after a Change in Control has occurred, unless such termination is: (a) due to the Executive's death or Retirement, (b) by the Company for Cause or Disability, or (c) by the Executive other than for Good Reason (as such foregoing capitalized terms are hereinafter defined). (i) Termination by the Executive or by the Company of the Executive's employment based on "Retirement" shall mean termination: (A) at such age as shall be established by the Board prior to a Change in Control for mandatory or normal retirement of Company executives in general, which shall not be less than age 65, or (B) at any other retirement age set by mutual agreement of the Company and the Executive and approved by the Board.
Appears in 9 contracts
Samples: Termination Agreement (Selective Insurance Group Inc), Termination Agreement (Selective Insurance Group Inc), Termination Agreement (Selective Insurance Group Inc)
