Severance and Benefits. 3.1 If, during the Term, the Executive’s employment with the Company is terminated within twenty-four (24) months following a Change in Control, the Executive shall be entitled to the following compensation and benefits:
Severance and Benefits. As of the expiration of the revocation period with respect to this Agreement provided for in Section 12 and the consequent effectiveness of the
Severance and Benefits. 5.1 If, on or before December 31, 1999, the Company successfully divests the Division and the Executive's employment with the Company shall be terminated by the purchasers for reasons other than Cause, Disability or Death within one year of the completion of the divestiture, then the Executive will be entitled to one year's base salary plus one year's taxable bonus (calculated as maximum normal bonus achievable in 1999), payable by the purchaser.
Severance and Benefits. If the Employee's employment with the Company terminates as a result of an Involuntary Termination at any time after a Change of Control, and provided that the Employee duly executes a General Release of All Claims, in the form attached hereto as Exhibit A or in another form provided by the Company, then:
Severance and Benefits. Company will pay to Employee as severance his/her monthly salary through January 31, 2003 for a total salary severance amount of $100,000.00 less deductions and withholding. Company will also pay Employee's COBRA premiums for health insurance benefit continuation through January 31, 2002. All other benefits shall cease on the Ending Date, except Employee shall have the right to self-pay health insurance benefits under COBRA from the time Company is no longer obligated to pay such premiums.
Severance and Benefits. Upon a Termination that occurs at any time during the period commencing on the occurrence of a Change in Control and ends on the second anniversary of such Change in Control, the Company shall pay the Executive the amount set forth in Section 6(a)(i) and, subject to and conditioned upon the provisions of Section 24 and to the Executive’s delivering to the Company the Release provided for in Section 16 with all periods for revocation expired, the Company shall pay or provide to the Executive the amounts and benefits set forth in Section 6(a)(ii) and 6(a)(iii):
Severance and Benefits. As of the expiration of the revocation period with respect to this Agreement provided for in Section 12 and the consequent effectiveness of the waiver and release set forth in Section 6 hereof (the "Release"), the Company shall provide the Executive with the payments and benefits specified in clauses (B), (C) and (D) of Section 4(a)(i) of the Employment Agreement (the "Severance Benefits"). The Executive acknowledges and agrees that his right to receive the Severance Benefits thereunder is contingent upon his execution of this Agreement and the consequent effectiveness due to non-revocation of this Agreement and the Release. If the Executive fails to execute this Agreement within twenty-one days after it is executed by the Company and delivered to the Executive and/or the Executive revokes this Agreement or the Release within seven days after such execution, then the Executive shall not be entitled to the Severance Benefits.
Severance and Benefits. I understand that by signing, returning and not revoking this Agreement within the time periods described below, I will receive the following pay and/or benefits from the Company:
Severance and Benefits. Subject to the terms of this Agreement, and providing Employee executes and does not revoke this Agreement and complies with the terms of this Agreement, the Company agrees to pay to Employee the Severance Payments and other benefits as set forth below. The Company shall have the right, upon due notice to Employee to set off any amounts due and owing by Employee to the Company against any amounts due and owing by the Company to Employee.
Severance and Benefits. 5.1 If within one year of a Change in Control or a Divestiture of BASS, the Executive is terminated by the purchasers for reasons other than Cause or if the executive resigns for Good Reason, then the Executive will be entitled to one year's base salary plus one year's taxable bonus (calculated as maximum normal bonus, excluding retention bonus), payable by the purchaser. "Severance Payments."
