Common use of Eligibility for Severance Clause in Contracts

Eligibility for Severance. Enhanced severance payments will be paid, if, during the severance protection period, you: 1) are involuntarily terminated on account of the change of control for other than cause or 2) voluntarily terminate employment for good reason which includes the following: (a) experience a substantial reduction in the nature or scope of the authorities, powers, functions of your current position (which would not include changes in title or reporting relationship); (b) are required to relocated your principal office more than 50 miles from the current site; or (c) suffer a reduction in either your base salary or bonus opportunity or in the aggregate value of your long-term incentives, benefits and executive perquisites during the severance protection period which is not remedied within 30 days after receipt by Tribune Company of written notice from you.

Eligibility for Severance. Enhanced severance payments will be paid, if, during the severance protection period, you: 1) are involuntarily terminated on account of the change of control for other than cause or 2) voluntarily terminate employment for good reason which includes the following: (a) experience a substantial reduction in the nature or scope of the authorities, powers, functions of your current position (which would not include changes in title or reporting relationship); (b) are required to relocated relocate your principal office more than 50 miles from the current site; or (c) suffer a reduction in either your base salary or bonus opportunity or in the aggregate value of your long-term incentives, benefits and executive perquisites during the severance protection period which is not remedied within 30 days after receipt by Tribune Company of written notice from you.