Common use of Benefits Upon Certain Terminations Clause in Contracts

Benefits Upon Certain Terminations. If, (i) within twenty-four (24) months following the Effective Date, Executive (x) is terminated by the Company for any reason other than Misconduct or Disability or (y) terminates employment with the Company for Good Reason or (ii) subject to Section 2.3 hereof, the Effective Date occurs and Executive has been terminated by the Company for any reason other than Misconduct or Disability prior to the Effective Date and Executive can reasonably demonstrate that the termination was at the request of a third party who was taking steps reasonably calculated to effect the Transaction (or such termination otherwise occurs in contemplation of the consummation of the Transaction), then Executive shall receive, in accordance with Section 4.1 below, the following benefits:

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (American Airlines Inc)

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