Common use of Right to Receive Severance Benefits Clause in Contracts

Right to Receive Severance Benefits. Executive shall receive the severance benefits described in paragraph 3 if (a) a Change in Control occurs during the Period (as defined in paragraph 4), and (b) at any time during the period beginning ninety (90) days before, and ending two (2) years after, the Effective Date, Executive terminates Executive’s employment with the Entity for Good Reason or the Entity terminates Executive’s employment without Cause. Executive shall not be deemed to have terminated Executive’s employment with the Entity for Good Reason, and the Entity shall not be deemed to have terminated Executive’s employment without Cause, (a) if the Entity has offered to employ Executive on such terms that would not constitute Good Reason for termination of Executive’s employment if imposed by the Entity, (b) Executive refuses to accept such employment, and (c) the Entity thereupon terminates Executive’s employment.

Right to Receive Severance Benefits. Executive shall receive the severance benefits described in paragraph 3 if (a) a Change in Control occurs during the Period (as defined in paragraph 4), and (b) at any time during the period beginning ninety (90) days before, and ending two (2) years after, the Effective Date, Executive terminates Executive’s 's employment with the Entity for Good Reason or the Entity terminates Executive’s 's employment without Cause. Executive shall not be deemed to have terminated Executive’s 's employment with the Entity for Good Reason, and the Entity shall not be deemed to have terminated Executive’s 's employment without Cause, (a) if the Entity has offered to employ Executive on such terms that would not constitute Good Reason for termination of Executive’s 's employment if imposed by the Entity, (b) Executive refuses to accept such employment, and (c) the Entity thereupon terminates Executive’s 's employment.