Severance Event

Severance Event. The term "Severance Event" means any cessation of your employment at the Company, whether as a result of a decision by you or a decision by the Company, except that a "Severance Event" does not occur if the cessation of your employment occurs as the result of (i) a decision by the Company to terminate your employment for Cause; (ii) a decision by you to leave employment with the Company in the presence of circumstances that would have supported a decision by the Company to terminate your... employment for Cause; or (iii) an employment termination that entitles you to receive severance benefits under the Merck & Co., Inc. Change in Control Separation Benefits Plan as in effect from time to time. View More

Severance Event. A termination of the Executive's employment with the Company and its subsidiaries (1) by the Company without Cause, or (2) by the Executive for Good Reason, in either case occurring within one year following the date of a Change in Control.

Severance Event. Means either: (i) the effective date of the termination of Executive's employment by the Company for any reason other than for Cause, or (ii) the effective date of the termination of Executive's employment for Good Reason. A Severance Event shall not include a termination of Executive's employment as a result of Executive's death. The term "termination of employment" and other similar terms used in this Agreement shall be construed to have the same meaning as is given to the term "separation... from service" in Section 409A of the Code. View More

Severance Event. A termination of Executive's employment with the Company and its subsidiaries during the Term of this Agreement, either (1) by the Company without Cause, or (2) by Executive for Good Reason.