Common use of REDUCTION IN COMPENSATION PROSCRIBED AFTER A CHANGE IN CONTROL Clause in Contracts

REDUCTION IN COMPENSATION PROSCRIBED AFTER A CHANGE IN CONTROL. During the term of this Agreement from the date of a Change in Control forward, Executive shall receive as compensation, while still employed by Company, a salary at a rate no less than the highest rate in effect during the one-year period before the Change in Control, and shall, in addition, be entitled to receive a bonus equal to at least the average of the last three years bonuses paid before the Change in Control. In addition, during such period, the Company shall pay and provide for Executive at no cost to Executive, all of his then-current fringe benefits, including but not limited to health, disability, dental, life insurance, club memberships, etc., all of which shall be at levels and amounts no less favorable than levels and amounts in effect as of the Change in Control.

REDUCTION IN COMPENSATION PROSCRIBED AFTER A CHANGE IN CONTROL. During the term of this Agreement from From the date of a Change in Control forward, to the date of termination of this Agreement Executive shall receive as compensation, while still employed by Company, a salary at a rate no less than the highest rate in effect during the one-year period before the Change in Control, and shall, in addition, be entitled to receive a bonus equal to at least the average of the last three years bonuses paid before the Change in Control. In addition, during such period, the Company shall pay and provide for Executive at no cost to Executive, all of his then-current fringe benefits, including but not limited to health, disability, dental, life insurance, insurance and club memberships, etc., all of which shall be at levels and amounts no less favorable than levels and amounts in effect as of the Change in Control.

REDUCTION IN COMPENSATION PROSCRIBED AFTER A CHANGE IN CONTROL. During the term of this Agreement from as defined by Section 2 and after the date of a Change in Control forwardControl, Executive shall receive as compensation, while still employed by Company, a salary at a rate no less than the highest rate that in effect during the one-year period before as of the Change in Control, and shall, in addition, be entitled to receive a bonus equal to at least the average of the last three years bonuses paid before the Change in Controlpaid. In addition, during such period, the Company shall pay and provide for Executive at no cost to Executive, all of his then-current fringe benefits, including but not limited to health, disability, dental, life insurance, club memberships, etc., all of which shall be at levels and amounts no less favorable than levels and amounts in effect as of the Change in Control.