Common use of Severance Benefits Clause in Contracts

Severance Benefits. If the Executive's employment shall be terminated by the Company within three (3) years after a Change in Control of the Company, for reasons other than for Termination for Cause, Retirement, Death or Disability, or terminated by the Executive for Good Reason within three (3) years after a Change in Control of the Company, then, subject to the limitations set forth in Subparagraph 5(d) below, the Executive shall be entitled to the benefits provided below:

Appears in 21 contracts

Samples: Employment Agreement (SilverSun Technologies, Inc.), Employment Agreement (iVoice Technology, Inc.), Employment Agreement (Trey Industries Inc)

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Severance Benefits. a. If the Executive's ’s employment shall be with the Company is terminated by the Company within three (3) six months preceding or two years after following a Change in Control of the Company, for reasons any reason other than for Termination for Cause, Retirement, Death or Disabilitydeath, or terminated Disability (for avoidance of doubt, transfer of employment between or among the Companies shall not constitute a termination of employment for purposes of this Agreement), or by the Executive for Good Reason within three (3) two years after following a Change in Control of the Company, then, subject to the limitations set forth in Subparagraph 5(d) below, the Executive shall be entitled to the benefits provided belowControl:

Appears in 14 contracts

Samples: Change in Control Severance Agreement (Stewardship Financial Corp), Change in Control Severance Agreement (Stewardship Financial Corp), Change in Control Severance Agreement (Stewardship Financial Corp)

Severance Benefits. If the Executive's employment shall be terminated by the Company within three one (31) years year after a Change in Control of the Company, for reasons other than for Termination for Cause, Retirement, Death or Disability, or terminated by the Executive for Good Reason within three one (31) years year after a Change in Control of the Company, then, subject to the limitations set forth in Subparagraph 5(d23(c) below, the Executive shall be entitled to the benefits provided below:

Appears in 6 contracts

Samples: Employment Agreement (Driversshield Com Corp), Employment Agreement (First Priority Group Inc), Employment Agreement (Driversshield Com Corp)

Severance Benefits. If the Company terminates Executive's ’s employment shall be terminated by with the Company within for a reason other than Cause or Executive’s death or disability, or Executive resigns for Good Reason and such termination occurs during the period commencing three (3) years after months before and ending twenty-four (24) months following a Change in Control of (the Company, for reasons other than for Termination for Cause, Retirement, Death or Disability, or terminated by the Executive for Good Reason within three (3) years after a Change in Control of the CompanyPeriod”), then, in each case subject to Section 4, Executive will receive the limitations set forth in Subparagraph 5(d) below, following severance from the Executive shall be entitled to the benefits provided belowCompany:

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Realnetworks Inc), Change in Control and Severance Agreement (Realnetworks Inc), Change in Control and Severance Agreement (Realnetworks Inc)

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Severance Benefits. If Subject to the Executive's employment shall be terminated by the Company within three provisions of Section 7.3(a)(ii) and Section 7.3(c), if, prior to (3and not in anticipation of) or more than two (2) years after a Change in Control of (as defined in Section 7.3(d)), the Company, for reasons other than for Termination for Company terminates the Executive's employment without Cause, Retirement, Death or Disability, or terminated by the Executive terminates his employment for Good Reason within three (3) years after a Change in Control of the CompanyReason, then, subject to the limitations set forth in Subparagraph 5(d) below, then the Executive shall be entitled to the following benefits provided below:(the "Severance Benefits"):

Appears in 3 contracts

Samples: Employment Agreement (Education Management Corporation), Employment Agreement (Education Management Corporation), Employment Agreement (Education Management Corporation)

Severance Benefits. (a) If the Executive's Executive is discharged from employment shall be terminated by the Company within three without Cause, or Executive resigns from employment with the Company for Good Reason, during the period commencing thirty (330) years after days prior to a Change in Control of the Company, for reasons other than for Termination for Cause, Retirement, Death or Disability, or terminated by the Executive for Good Reason within three and ending eighteen (318) years after months following a Change in Control of the Company, thenControl, subject to the limitations set forth in Subparagraph 5(d) belowExecutive’s compliance with Sections 3(c), the 4 and 5, Executive shall be entitled to receive the benefits provided below:

Appears in 1 contract

Samples: Change in Control Severance Agreement (Republic Property Trust)

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