Common use of Compensation Upon Termination Following a Change in Control Clause in Contracts

Compensation Upon Termination Following a Change in Control. The Executive shall be entitled to the severance benefits provided in Section 5 hereof if his employment is terminated within the Effective Period or the Window Period following a Change in Control of the Company (even if such Effective Period or the Window Period extends beyond the term of this Agreement or any extension thereof) unless his termination is (i) because of his death or Retirement, (ii) by the Company for Cause or Disability, or (iii) by the Executive other than for Good Reason; provided however, that the Executive may terminate his employment for any reason during the Window Period, and shall be entitled to the severance benefits provided in Section 5(c) hereof.