Common use of Termination Without Cause After Change of Control Clause in Contracts

Termination Without Cause After Change of Control. If the Employer shall determine to terminate the Employee for any reason other than "with cause," as defined in paragraph 6.1(a) above, and such termination shall occur after a Change of Control, in addition to the payments provided in paragraph 6.1(b), the Employer shall be obligated to make the following payments: (i) On or before the effective date of the Employee's termination, the Employer shall pay the Employee's regular compensation (as in effect on the date of termination) through the effective date of such termination. (ii) If the Employee has not attained an Early Retirement Date as defined in Section 4.01(b) of the First Security Supplemental Executive Retirement Plan ("SERP"), the Employer shall pay a benefit equal to the benefit that would have been paid under the SERP as if the Employee had attained an Early Retirement Date