Change of Control Severance Benefits. If (a) Executive terminates his employment with the Company during the Protected Period for a Good Reason event or (b) the Company terminates Executive’s employment during the Protected Period other than (i) for Cause or (ii) due to Executive’s inability to perform the primary duties of his position for at least 180 consecutive days due to a physical or mental impairment, Executive shall receive the following compensation and benefits from the Company subject to the execution (and non-revocation within eight days thereafter) and delivery to the Company of a release, substantially in the form attached as Exhibit A hereto, with such changes as the Company reasonably determines must be made to comply with applicable law at the time of such execution (the “Release”):
Appears in 22 contracts
Samples: Executive Change of Control Severance Agreement (Penn Virginia Corp), Executive Change of Control Severance Agreement (Penn Virginia Corp), Executive Change of Control Severance Agreement (Penn Virginia Corp)
Change of Control Severance Benefits. If (a) If at any time on or after the Commencement Date, (i) Executive terminates his employment with the Company during the Protected Period for a Good Reason event or (bii) the Company terminates Executive’s employment during the Protected Period other than (ix) for Cause or (iiy) due to Executive’s inability to perform the primary duties of his position for at least 180 consecutive days due to a physical death or mental impairmentDisability, Executive shall receive the following compensation and benefits from the Company subject to the execution (and non-revocation within eight days thereafter) and delivery to the Company of a release, substantially in the form attached as Exhibit A hereto, with such changes as the Company reasonably determines must be made to comply with applicable law at the time of such execution (the “Release”):
Appears in 6 contracts
Samples: Employment Agreement (Penn Virginia Resource Partners L P), Employment Agreement (Penn Virginia Resource Partners L P), Employment Agreement (Penn Virginia Resource Partners L P)