Example ContractsClauseschange of control separation benefitsVariants
Change of Control Separation Benefits
Change of Control Separation Benefits contract clause examples

Terminations of Employment Which Give Rise to Separation Benefits Under This Plan. A Participant shall be entitled to Separation Benefits as set forth in Section 4.2 below if, at any time during the two-year period immediately following a Change in Control, the Participant’s employment is terminated # by the Employer for any reason other than Cause, death, or Disability or # by the Participant for Good Reason.

Termination By Employer Other Than For Cause or By Participant For Good Reason (other than Good Reason as described in [Subsection 2.17(d)]) Within Two Years After a Change in Control. Subject to Section 3.3 and Article VI of the Plan, if, within two years following the occurrence of a Change in Control, either # an Employer shall terminate a Participant’s employment other than for Cause or Disability, or # a Participant shall voluntarily terminate his employment for Good Reason pursuant to [Subsections 2.17] (a), (b), (c) or (e), the Participant shall be entitled to benefits in [Sections 5.2 through 5.8] of the Plan. For the avoidance of any doubt, a Participant shall not be entitled to benefits under the Plan if his employment terminates as a result of death, Disability or the Participant voluntarily terminates employment, except for Good Reason, except as otherwise provided under the Plan.

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