Common use of Termination in Connection with Change of Control Clause in Contracts

Termination in Connection with Change of Control. (a) Upon Employee’s termination of employment hereunder in those circumstances which entitle Employee to payment under the terms of the Company’s COC Severance Plan, as it may be duly amended from time to time, Employee shall be entitled to receive from the Company under the COC Severance Plan those cash amounts to be paid to Officers of the Company thereunder, plus an additional amount equal to 50% of the cash amounts provided to be paid under the Company’s COC Severance Plan to Officers of the Company, plus the benefits provided in the COC Severance Plan, including continuation of medical and dental insurance, matching 401-K plan contributions by the Company, and reimbursement of out-placement services, in each case as required to be paid under the terms of the Company’s COC Severance Plan as duly amended from time to time;

Appears in 3 contracts

Samples: Executive Employment Agreement (Swift Energy Co), Employment Agreement (Swift Energy Co), Employment Agreement (Swift Energy Co)

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Termination in Connection with Change of Control. (a) Upon Employee’s termination of employment hereunder in those circumstances which entitle Employee to payment under the terms of the Company’s COC Severance Plan, as it may be duly amended from time to time, Employee shall be entitled to receive from the Company under the COC Severance Plan those cash amounts to be paid to Officers of the Company thereunder, plus an additional amount equal to 5025% of the cash amounts provided to be paid under the Company’s COC Severance Plan to Officers of the Company, plus the benefits provided in the COC Severance Plan, including continuation of medical and dental insurance, matching 401-K plan contributions by the Company, and reimbursement of out-placement services, in each case as required to be paid under the terms of the Company’s COC Severance Plan as duly amended from time to time;

Appears in 3 contracts

Samples: Employment Agreement (Swift Energy Co), Employment Agreement (Swift Energy Co), Executive Employment Agreement (Swift Energy Co)

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