Common use of Right to Severance Benefits Clause in Contracts

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 14 contracts

Samples: Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, Inc.), Severance Agreement (Cullen/Frost Bankers, Inc.)

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Right to Severance Benefits. The Executive shall will be entitled to receive the Severance Benefits from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Qualifying Termination occurs after a Change in Control and before the end of the Company and if, within twenty-four fourth (2424th) calendar months month following the end of the month in which the Change in Control, a Qualifying Termination of the Executive has occurredControl occurs. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability.

Appears in 12 contracts

Samples: Severance Agreement (FMC Corp), Executive Severance Agreement (FMC Corp), Severance Agreement (FMC Corp)

Right to Severance Benefits. The Subject to the provisions hereof, the Executive shall will be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination if any of the Executive has occurredevents designated within Section 3.2 occur. The Executive shall will not be entitled to receive Severance Benefits if he/she is terminated for Cause, his or if his/her employment with the Company ends due to death, Disabilitydisability, or Retirement or due to voluntary retirement, a voluntary termination of employment by the Executive without Good Reason, or due to an involuntary termination by the Company for Just Cause.

Appears in 10 contracts

Samples: Control Severance Agreement (Mb Financial Inc /Md), Control Severance Agreement (Mb Financial Inc /Md), Severance Agreement (Mb Financial Inc /Md)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein4.3, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if he/she his employment terminates (regardless of the reason) before the Protected Period (as such term is terminated for Cause, or if his/her employment with defined in Section 4.2(c)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 9 contracts

Samples: Control Severance Agreement (Power One Inc), Control Severance Agreement (Power One Inc), Employment Agreement (Power One Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 4.3 herein, if there has been the Executive incurs a Qualifying Termination during the six (6) month period immediately prior to a Change in Control of the Company and if, or within twenty-four (24) calendar months following the a Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/he or she is terminated for Cause, or if his/his or her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 7 contracts

Samples: Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp), Executive Severance Agreement (Cobalt Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 3.3 herein, if there the Executive has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, incurred a Qualifying Termination of and satisfies the Executive has occurredrelease requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her his employment with terminates (regardless of the reason) before the Protected Period corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 6 contracts

Samples: Employment Agreement (Qlogic Corp), Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp), Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp)

Right to Severance Benefits. The Executive shall will be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability.

Appears in 6 contracts

Samples: Severance Agreement (John Bean Technologies CORP), Severance Agreement (John Bean Technologies CORP), Severance Agreement (FMC Technologies Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 herein2.3 hereof, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change Window Period, the Executive’s employment with the Company ends for any reason specified in Control, a Qualifying Termination of the Executive has occurredSection 2.2 hereof. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement Disability or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 5 contracts

Samples: Combination Agreement (Covalent Group Inc), Executive Severance Agreement (Encorium Group Inc), Executive Severance Agreement (Covalent Group Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 2.3 herein, if there has been a Change in Control of the Company and if, within twenty-four twelve (2412) calendar months following thereafter, the Change Executive Separates from Service with the Company for any reason specified in Control, Section 2.2 herein as being a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reasonfor reasons other than as specified in Section 2.2(b) herein.

Appears in 5 contracts

Samples: Control Severance and Restrictive Covenant Agreement (Enova International, Inc.), Control Severance and Restrictive Covenant Agreement (Enova International, Inc.), Severance and Restrictive Covenant Agreement (Enova International, Inc.)

Right to Severance Benefits. The Executive shall will be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability. 3.2.

Appears in 4 contracts

Samples: Control Agreement (John Bean Technologies CORP), Control Agreement (John Bean Technologies CORP), John Bean Technologies CORP

Right to Severance Benefits. The Executive shall will be entitled to receive --------------------------- from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive's employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability.

Appears in 4 contracts

Samples: Agreement (FMC Corp), Agreement (FMC Technologies Inc), Agreement (FMC Corp)

Right to Severance Benefits. The Executive shall will be entitled to receive the Severance Benefits from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Qualifying Termination occurs on or after a Change in Control and before the end of the Company and if, within twenty-four fourth (2424th) calendar months month following the end of the month in which the Change in Control, a Qualifying Termination of the Executive has occurredControl occurs. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability. Section 3.02.

Appears in 4 contracts

Samples: 97955201v2 Executive Severance Agreement (Arcadium Lithium PLC), 97955151v2 Executive Severance Agreement (Arcadium Lithium PLC), Executive Severance Agreement (Livent Corp.)

Right to Severance Benefits. The Subject to the provisions hereof, the Executive shall will be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination if any of the Executive has occurredevents designated within Section 3.2 occur. The Executive shall will not be entitled to receive Severance Benefits if he/she is terminated for Cause, his or if his/her employment with the Company ends due to death, Disabilitydisability, or Retirement or due to voluntary retirement, a voluntary termination of employment by the Executive without Good Reason, or due to an involuntary termination by the Company for Cause.

Appears in 4 contracts

Samples: Control Severance Agreement (Plymouth Industrial REIT Inc.), Control Severance Agreement (Plymouth Industrial REIT, Inc.), Control Severance Agreement (Plymouth Industrial REIT Inc.)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 2.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following thereafter, the Change Executive Separates from Service with the Company for any reason specified in Control, Section 2.2 herein as being a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reasonfor reasons other than as specified in Section 2.2(b) herein.

Appears in 2 contracts

Samples: Restrictive Covenant Agreement (Cash America International Inc), Severance Agreement (Cash America International Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 3.4 herein, if there has been a Change in Control of the Company as defined in Section 2.1(e) herein, and if, within twentythirty-four six (2436) calendar months following thereafter, the Change Executive's employment shall end for any reason specified in Control, Section 3.2 herein as being a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she the Executive's employment is involuntarily terminated for Just Cause, as provided under Article IV herein, or if his/her the Executive's employment with the Company ends terminates due to death, death or Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 2 contracts

Samples: Maui Land & Pineapple Co Inc, Maui Land & Pineapple Co Inc

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following thereafter, the Change in Control, Executive experiences a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated he experiences an Involuntary Termination for Cause, a Separation from Service by reason of his death or if his/her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good ReasonSeparation from Service after attaining his Normal Retirement Age, or a voluntary Separation from Service that is not a Constructive Termination.

Appears in 2 contracts

Samples: Waiver and General (Walter Energy, Inc.), Walter Energy, Inc.

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 3.3 herein, if there the Executive has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, incurred a Qualifying Termination of and satisfies the Executive has occurredrelease requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her his employment with terminates (regardless of the reason) before the date of a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twelve (12) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 2 contracts

Samples: Control Severance Agreement (Cotherix Inc), Control Severance Agreement (Cotherix Inc)

Right to Severance Benefits. The Subject to Section 9.1, the Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein3.4, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if he/she his employment terminates (regardless of the reason) before the Protected Period (as such term is terminated for Cause, or if his/her employment with defined in Section 3.3(c)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 2 contracts

Samples: Change in Control Agreement (China Finance Online Co. LTD), Control Agreement (China Finance Online Co. LTD)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein4.4, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if he/she his employment terminates (regardless of the reason) before the Protected Period (as such term is terminated for Cause, or if his/her employment with defined in Section 4.3(d)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 2 contracts

Samples: March 2004 Special Agreement (Northrop Grumman Corp /De/), Employment Agreement (Northrop Grumman Corp /De/)

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Right to Severance Benefits. The Executive shall will be entitled to receive the Severance Benefits from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Qualifying Termination occurs on or after a Change in Control and before the end of the Company and if, within twenty-four fourth (2424th) calendar months month following the end of the month in which the Change in Control, a Qualifying Termination of the Executive has occurredControl occurs. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive's employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability. Section 3.02.

Appears in 2 contracts

Samples: Form of Executive Severance Agreement (Livent Corp.), Form of Executive Severance Agreement (Livent Corp.)

Right to Severance Benefits. The Executive shall will be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within by the end of the twenty-four fourth (2424th) calendar months month following the end of the month in which the Change in ControlControl occurs, a Qualifying Termination of the Executive has occurred. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability.

Appears in 2 contracts

Samples: Executive Severance Agreement (FMC Corp), Severance Agreement (FMC Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein4.4, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, his or if his/her employment with terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.3(b)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 2 contracts

Samples: January 2009 Special Agreement (Northrop Grumman Corp /De/), January 2010 Special Agreement (Northrop Grumman Corp /De/)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company the Severance Benefits, as Benefits described in Section 3.3 herein, if there the Executive has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, incurred a Qualifying Termination of and satisfies the Executive has occurredrelease requirements set forth in Section 3.7. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, his or if his/her employment with terminates (regardless of the reason) before the Protected Period corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 2 contracts

Samples: Qlogic Corporation Change in Control Severance Agreement (Qlogic Corp), Change in Control Severance Agreement (Qlogic Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein3.3, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her his employment with terminates (regardless of the Company ends due to death, Disability, or Retirement or due to reason) more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Diagnostic Products Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein3.3, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination, as described in Section 3.2(a). The Executive shall not be entitled to receive Severance Benefits if he/she his employment terminates (regardless of the reason) before the Protected Period (as such term is terminated for Cause, or if his/her employment with defined in Section 3.2(c)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twenty-four (24) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 1 contract

Samples: Employment Agreement (Remedytemp Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein3.3, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change Effective Time, the Executive’s employment with the Company shall end for the reason specified in ControlSection 3.2 and provided that Executive has executed, and not revoked, a Qualifying Termination binding general release of claims in the Executive has occurred. form attached hereto as Exhibit A. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement Cause or due to a voluntary termination of employment by the Executive without Good Reasonfor any reason.

Appears in 1 contract

Samples: Severance Agreement (Applied Films Corp)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 2.3 herein, if there has been a Change in Control of the Controlling Company and if, within twenty-four (24) calendar months following thereafter, the Change Executive Separates from Service with the Company for any reason specified in Control, Section 2.2 herein as being a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reasonfor reasons other than as specified in Section 2.2(b) herein.

Appears in 1 contract

Samples: Control Severance Agreement (Cash America International Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, Benefits as described in Section 3.3 3.4 herein, if there has been a Change in Control of the Company as defined in Section 2.1(e) herein, and if, within twenty-four (24) calendar months following thereafter, the Change Executive's employment shall end for any reason specified in Control, Section 3.2 herein as being a Qualifying Termination of the Executive has occurredTermination. The Executive shall not be entitled to receive Severance Benefits if he/she the Executive's employment is involuntarily terminated for Just Cause, as provided under Article IV herein, or if his/her the Executive's employment with the Company ends terminates due to death, death or Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Maui Land & Pineapple Co Inc

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein3.3, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurredincurred a Qualifying Termination, as described in Section 3.2(a). The Executive shall not be entitled to receive Severance Benefits if he/she his employment terminates (regardless of the reason) before the Protected Period (as such term is terminated for Cause, or if his/her employment with defined in Section 3.2(c)) corresponding to a Change in Control of the Company ends due to death, Disability, or Retirement or due to more than twelve (12) months after the date of a voluntary termination Change in Control of employment by the Executive without Good ReasonCompany.

Appears in 1 contract

Samples: Control Severance Agreement (Remedytemp Inc)

Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Notice of Termination for a Qualifying Termination of the Executive has occurredbeen delivered. The Executive shall not be entitled to receive Severance Benefits if he/she he is terminated for Cause, or if his/her his employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Charming Shoppes Inc

Right to Severance Benefits. The Executive shall will be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within by the end of the twenty-four fourth (2424th) calendar months month following end of the month in which the Change in ControlControl occurs, a Qualifying Termination of the Executive has occurred. The Executive shall will not be entitled to receive Severance Benefits if he/she the Executive’s employment is terminated (i) for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or (ii) due to a voluntary termination of employment by the Executive without Good Reason, or (iii) due to death or Disability.

Appears in 1 contract

Samples: Severance Agreement (FMC Corp)

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