EX-10.7
from 10-Q
24 pages
In Order to Induce You to Remain in the Employ of the Corporation and in Consideration of Your Continued Service to the Corporation Pursuant to the Amended and Restated Executive Employment Agreement, Between You and the Corporation, Effective as of the Date Hereof (The “Employment Agreement”), the Corporation Agrees That You Shall Receive Certain Benefits in the Event of a Change in Control and Certain Severance Benefits in the Event Your Employment With the Corporation Is Terminated Subsequent to or in Anticipation of a Change in Control, as Set Forth in This Amended and Restated Severance Compensation Agreement (This “Agreement”). This Agreement Amends and Restates in Its Entirety the Previous Severance Compensation Agreement, Entered Into by You and the Corporation on April 20, 2020 (The “Prior Change in Control Agreement”). 1. Definitions. A.“cause” Has the Meaning Set Forth in the Employment Agreement as in Effect on the Date Hereof. B.“change in Control” Means the Occurrence of Any of the Following Events
12/34/56