Common use of Severance Benefit Clause in Contracts

Severance Benefit. In the event Executive’s employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated without Cause (other than due to death or Disability) as a condition to the consummation of the proposed transaction, whether at the request of the acquiring firm or otherwise, Executive shall be entitled to receive:

Severance Benefit. In the event Executive’s employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated by the Company without Cause (other than due to death or Disability) as a condition to the consummation of the proposed transaction), whether at the request of the acquiring firm or otherwisevoluntarily terminated by Executive for Good Reason, in either case Executive shall be entitled to receivereceive in a cash lump sum not later than 15 days following Executive’s termination of employment:

Severance Benefit. In the event Executive’s employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her his employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated without Cause (other than due to death or Disability) as a condition to the consummation of the proposed transaction, whether at the request of the acquiring firm or otherwise, Executive shall be entitled to receive, subject to Section 4(d) below:

Severance Benefit. In the event Executive’s 's employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated by the Company without Cause (other than due to death or Disability) as ), or voluntarily by Executive for Good Reason, in either case within three years after a condition to the consummation Change in Control has occurred (or any such termination in contemplation of the proposed transaction, whether at the request of the acquiring firm or otherwisesuch Change in Control), Executive shall be entitled to receive:

Severance Benefit. In the event Executive’s 's employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated by the Company without Cause (other than due to death or Disability) as a condition to the consummation of the proposed transaction), whether at the request of the acquiring firm or otherwisevoluntarily terminated by Executive for Good Reason, in either case Executive shall be entitled to receiveto:

Severance Benefit. In a. If, during the event period commencing on the date of a Change in Control and ending on the last day of the Term, the Executive’s 's employment with hereunder is terminated by the Company is terminated without Causefor any reason, other than due to Cause, death, Disability or Retirementdisability, or is terminated by the Executive in the event Executive terminates his/her employment for Good Reasonof a Constructive Discharge, in either case then, within two years following a Change of Controlfive (5) business days after such termination, or in the event that prior PEC shall pay to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated without Cause Executive (other than due if the Executive has died before receiving all payments to death or Disability) as a condition which he has become entitled hereunder to the consummation beneficiary or estate of the proposed transaction, whether at the request of the acquiring firm or otherwise, Executive shall be entitled to receive:Executive

Severance Benefit. In the event Executive’s employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated by the Company without Cause (other than due to death or Disability) as ), or voluntarily by Executive for Good Reason, in either case within three years after a condition to the consummation Change in Control has occurred (or any such termination in contemplation of the proposed transaction, whether at the request of the acquiring firm or otherwisesuch Change in Control), Executive shall be entitled to receive:

Severance Benefit. In the event Executive’s 's employment with the Company is terminated without Cause, other than due to death, Disability or Retirement, or in the event Executive terminates his/her employment for Good Reason, in either case within two years following a Change of Control, or in the event that prior to the consummation of a pending Change of Control Executive’s employment is involuntarily terminated by the Company without Cause (other than due to death or Disability) as a condition to the consummation of the proposed transaction), whether at the request of the acquiring firm or otherwisevoluntarily terminated by Executive for Good Reason, in either case Executive shall be entitled to receivereceive in a cash lump sum not later than 15 days following Executive's termination of employment: