Common use of Change of Control Severance Benefit Clause in Contracts

Change of Control Severance Benefit. (a) Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s Employment (other than a termination for Cause, Disability, or death pursuant to Section 10), or (ii) the Executive voluntarily Terminates his/her Employment pursuant to Section 11 for Good Reason.

Appears in 3 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

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Change of Control Severance Benefit. (a) Subject a)Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s 's Employment (other than a termination for Cause, Disability, or death pursuant to Section 10), or (ii) the Executive voluntarily Terminates his/her Employment pursuant to Section 11 for Good Reason.

Appears in 2 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

Change of Control Severance Benefit. (a) Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s 's Employment (other than a termination for Cause, Disability, or death pursuant to Section 10)8), or (ii) the Executive voluntarily Terminates his/her Employment pursuant to Section 11 9 for Good Reason.

Appears in 1 contract

Samples: Control Agreement (Old National Bancorp /In/)

Change of Control Severance Benefit. (a) Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s Employment (other than a termination for Cause, Disability, or death pursuant to Section 10), or (ii) the Executive voluntarily Terminates his/her Employment pursuant to Section 11 for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Old National Bancorp /In/)

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Change of Control Severance Benefit. (a) Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s Employment (other than a termination for Cause, Disability, or death pursuant to Section 10)8), or (ii) the Executive voluntarily Terminates his/her Employment pursuant to Section 11 9 for Good Reason.

Appears in 1 contract

Samples: Change of Control Agreement (Old National Bancorp /In/)

Change of Control Severance Benefit. (a) Subject to the following provisions of this Section, the Employing Companies shall provide the Executive with the payments and benefits set forth in this Section, if during the Term and concurrent with or within two (2) years after a Change of Control, either (i) the Employing Companies Terminate the Executive’s Employment (other than a termination for Cause, Disability, or death pursuant to Section 10), or (ii) the Executive voluntarily Terminates his/her his Employment pursuant to Section 11 for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Old National Bancorp /In/)

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