Common use of Enhanced Severance Package in the Event of Hostile Change in Control Clause in Contracts

Enhanced Severance Package in the Event of Hostile Change in Control. In the event that Employee, at any time after a Hostile Change in Control, is discharged without Cause and for reasons unrelated to his disability or death, or resigns for Good Reason, Employee shall receive the payments and other benefits specified in Section 6(a) regardless of whether Employee executes (and does not revoke) an Agreement and General Release with the following exception: The period specified in Section 6(a)(i) above during which Employee shall receive his Base Compensation and Target Bonus shall be thirty-six (36) months.

Appears in 4 contracts

Samples: Employment Agreement (Philadelphia Consolidated Holding Corp), Employment Agreement (Philadelphia Consolidated Holding Corp), Employment Agreement (Philadelphia Consolidated Holding Corp)

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