Common use of Post-Termination Benefits Clause in Contracts

Post-Termination Benefits. If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

Appears in 7 contracts

Samples: Severance Agreement (Starwood Hotels & Resorts), Severance Agreement (Starwood Hotels & Resorts), Severance Agreement (Starwood Hotels & Resorts)

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Post-Termination Benefits. If the Executive's ’s employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's ’s normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's ’s retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

Appears in 6 contracts

Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide, Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide Inc)

Post-Termination Benefits. If the Executive's employment shall be ------------------------- terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

Appears in 2 contracts

Samples: Severance Agreement (Aura Systems Inc), Severance Agreement (Aura Systems Inc)

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Post-Termination Benefits. If the Executive's employment shall be terminated for any reason following a Change in Control and If, during the Term, the Company Executive's employment with the Employer shall terminate for any reason, the Employer shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the CompanyEmployer's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Pacific Enterprises Inc)

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