Common use of Severance Payments Clause in Contracts

Severance Payments. 6.1. Subject to Section 6.2 hereof, the Company shall pay the Executive the payments and benefits described in this Section 6.1 ("Severance Payments"), in addition to the applicable payments and benefits described in Section 5 hereof, upon any termination after a Change in Control by the Company Without Cause or by the Executive for Good Reason.

Appears in 31 contracts

Samples: Agreement (BNS Co), Cic" Agreement (BNS Co), Cic" Agreement (Brown & Sharpe Manufacturing Co /De/)

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Severance Payments. 6.1. 6.1 Subject to Section 6.2 hereof, the Company shall pay the Executive the payments and benefits described in this Section 6.1 (the "Severance Payments")) upon the termination of the Executive's employment following a Change in Control and during the term of this Agreement, in addition to the applicable payments and benefits described in Section 5 hereof, upon any unless such termination after a Change in Control is (i) by the Company Without Cause or the Bank for Cause, (ii) by reason of death, or (iii) by the Executive for Good Reason.Executive

Appears in 1 contract

Samples: Agreement (Bankboston Corp)

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Severance Payments. 6.1. 21.1 Subject to Section 6.2 hereof, the Company shall pay the Executive the payments and benefits described in this Section 6.1 (the "Severance Payments"), in addition to ) upon the applicable payments and benefits described in Section 5 hereof, upon any termination after of the Executive's employment following a Change in Control by or a Major Transaction and during the Company Without Cause or by the Executive for Good Reason.term of this

Appears in 1 contract

Samples: Agreement (New England Power Co)

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