Common use of Severance Compensation upon Termination of Employment Clause in Contracts

Severance Compensation upon Termination of Employment. If the Company shall terminate the Executive's employment other than pursuant to Section 3(b), 3(c) or 3(d) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount determined as follows:

Severance Compensation upon Termination of Employment. 5.1 If the Company shall terminate the Executive's employment with the Corporation shall be terminated (a) by the Corporation other than pursuant to Section 3(b)Sections 2 or 4, 3(cor (b) or 3(d) or if by the Executive shall terminate his employment for Good ReasonReason (as defined in Paragraph 5.3 below), then the Company Corporation shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount determined as follows:equal to two times his then annual salary and payable within 30 days of the termination date.

Severance Compensation upon Termination of Employment. If In the Company shall terminate event that the Executive's employment other than pursuant to Section 3(b)with the Company or any of its affiliates is terminated for one of the reasons described below, 3(c) or 3(d) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as the corresponding cash severance pay in a lump sum, in cash, on payment (the fifth day following the Date of Termination, an amount determined as follows:"Severance Payment"):

Severance Compensation upon Termination of Employment. If In the Company shall terminate event that the Executive's employment other than pursuant to Section 3(b)with the Company is terminated for one of the reasons described below, 3(c) or 3(d) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive or his/her beneficiaries or heirs, as applicable, the cash severance pay in a lump sum, in cash, on payment corresponding to that reason (the fifth day following the Date of Termination, an amount determined as follows:"Severance Payment"):

Severance Compensation upon Termination of Employment. If the Company shall terminate the Executive's ’s employment other than pursuant to Section 3(b)by reason of death, 3(c) Disability, Retirement or 3(d) Cause, or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sumpay, in cash, on the fifth business day following the Date date of Terminationtermination, an amount determined as follows:equal to Executive’s base compensation (excluding any bonuses, stock option grants, stock grants, fringe benefits and like compensations) paid Executive during the twelve months immediately preceding the month Executives’ employment is terminated.

Severance Compensation upon Termination of Employment. If In the event that the Executive’s employment with the Company shall terminate or any of its affiliates is terminated for one of the Executive's employment other than pursuant to Section 3(b)reasons described below, 3(c) or 3(d) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as the corresponding cash severance pay in a lump sum, in cash, on payment (the fifth day following the Date of Termination, an amount determined as follows:“Severance Payment”):

Severance Compensation upon Termination of Employment. 5.1 If the Company shall terminate the Executive's employment with the Corporation shall be terminated (a) by the Corporation other than pursuant to Section 3(b)Sections 2 or 4, 3(cor (b) or 3(d) or if by the Executive shall terminate his employment for Good ReasonReason (as defined in Paragraph 5.3 below), then the Company Corporation shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount determined as follows:equal to two times his then base annual salary and payable within one month of the termination date.

Severance Compensation upon Termination of Employment. 5.1 If the Company shall terminate the Executive's employment with the Corporation shall be terminated (a) by the Corporation other than pursuant to Section 3(b)Sections 2 or 4, 3(cor (b) or 3(d) or if by the Executive shall terminate his employment for Good ReasonReason (as defined in Paragraph 5.3 below), then the Company Corporation shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount determined as follows:equal to his then base annual salary and payable within three months of termination.

Severance Compensation upon Termination of Employment. 5.1 If the Company shall terminate the Executive's employment with the Corporation shall be terminated (a) by the Corporation other than pursuant to Section 3(b)Sections 2 or 4, 3(cor (b) or 3(d) or if by the Executive shall terminate his employment for Good ReasonReason (as defined in Paragraph 5.3 below), then the Company Corporation shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount determined as follows:equal to his then base annual salary and payable within 30 days of termination.