Common use of Payment in the Event of Termination Upon Change in Control of Company Clause in Contracts

Payment in the Event of Termination Upon Change in Control of Company. (i) If in the eighteen-month period following the Change in Control, Executive is terminated for any reason other than Cause, then upon any such Separation From Service Company shall be obligated to make the payments and provide the benefits to Executive as set forth in Section 6. (ii) Nothing set forth in Section 6(d) is intended or shall be construed to limit Executive's right to terminate his employment for Good Reason during the aforementioned eighteen-month period or to limit Company's obligation to make the payments or provide the benefits set forth in Section 6 upon events described in Section 6. (iii) Executive shall not be required to mitigate the amount of any payment provided for in this Section 6 by seeking other employment or otherwise, and no such payment shall be offset or reduced as a result of Executive obtaining new employment.