Common use of Post-Termination Compensation and Benefits Clause in Contracts

Post-Termination Compensation and 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: Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp), Change in Control Severance Agreement (Sapient Corp)

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Post-Termination Compensation and 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 applicable 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 first occurrence of the first an event or circumstance constituting Good Reason.

Appears in 3 contracts

Samples: Severance Agreement (Safeco Corp), Change in Control Severance Agreement (Liberty Mutual Agency Corp), Change in Control (Safeco Corp)

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Post-Termination Compensation and 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 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 applicable 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 first occurrence of the first an event or circumstance constituting Good Reason.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Safeco Corp), Change in Control (Safeco Corp)

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