Common use of Events Giving Rise to Benefits Clause in Contracts

Events Giving Rise to Benefits. Executive shall be entitled to payments and other benefits as set forth in Sections 2(b) and 2(c) if within two (2) years following a Change in Control, the Company shall terminate Executive's employment other than for Disability, Retirement, or Cause, or, within such 2-year period, Executive shall terminate his or her employment for Good Reason. Except as specifically provided in this Section 2, Executive shall have no right to receive compensation under this Agreement. Termination of employment due to death shall not give rise to any rights to compensation under this Agreement.

Appears in 7 contracts

Samples: Severance Compensation Agreement (Aquila Inc), Severance Compensation Agreement (Aquila Inc), Severance Compensation Agreement (Aquila Inc)

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