Common use of Payment Triggers Clause in Contracts

Payment Triggers. Executive shall be entitled to the severance benefits provided in Section 4 hereof if, and only if, Executive has a Separation from Service and that Separation from Service occurs either: i) prior to a Change of Control, as a result of an Anticipatory Separation, or ii) within two (2) years following a Change of Control: (1) by the Company without Cause, or (2) by Executive for Good Reason.

Payment Triggers. Executive shall be entitled to the severance benefits provided in Section 4 hereof if, and only if, Executive has a Separation from Service and that Separation from Service occurs either: (i) prior to a Change of Control, as a result of an Anticipatory Separation, or (ii) within two (2) years following a Change of Control: (1) by the Company without Cause, or (2) by Executive for Good Reason.

Payment Triggers. Executive shall be entitled to the severance benefits provided in Section 4 hereof if, and only if, Executive has a Separation from Service and that Separation from Service occurs either: (i) prior to a Change of Control, as a result of an Anticipatory Separation, or or (ii) within two (2) years following a Change of Control: (1) . by the Company without Cause, or (or 2) . by Executive for Good Reason.