immediately prior to the change of control, or if more favorable, at the level made available to the executive or other similarly situated officers at any time thereafter, (d) receive vacation and fringe benefits and office and support staff at a level that is commensurate with the executives benefits immediately prior to the change of control, or if more favorable, at the level made available to the executive or other similarly situated officers at any time thereafter, (e) receive expense reimbursement at a level that is commensurate with the executives benefits immediately prior to the change of control, or if more favorable, at the level made available to the executive thereafter and (f) be indemnified, during and after his employment period, for claims arising from or out of the executives performance as an officer, director or employee of Wabtec or any of its subsidiaries, or in any other capacity while serving at the request of the Company, to the maximum extent permitted by applicable law and Wabtecs governing documents. Wabtec is also required to maintain existing or comparable insurance policies covering such matters at a level of protection that is no less than that afforded under the Companys governing documents in effect immediately prior to the change of control.
Death or Disability
. If an executives employment is terminated after a change of control due to death or disability, the executive will receive only the executives base salary through the date of termination, any vested amounts or benefits under Wabtecs benefit plans, including accrued but unpaid vacation and any benefits payable for death or disability under applicable plans or policies. If, after a change of control, any of the five named executive officers had terminated employment due to death at December 31, 2017, the value of the life insurance benefits payable under Wabtecs plan to such executive would have been: Mr. Betler $1,350,000, Mr. Dugan $1,250,000, Mr. DeNinno $713,000, Mr. Wahlstrom $965,000, Mr. Neupaver $0, or, in the case of termination for disability at December 31, 2017, the value of the disability benefits under Wabtecs plan to such executive would have been: Mr. Betler $240,000, Mr. Dugan $240,000, Mr. DeNinno $240,000, Mr. Wahlstrom $186,000, Mr. Neupaver $0. In addition to the benefits paid pursuant to the Agreements, upon a change in control, stock options become exercisable, restrictions on restricted stock lapse and performance units are deemed to have been fully earned as described under Outstanding Stock Awards below.
For Cause/Voluntary Termination
. If, after a change of control, an executives employment is terminated by Wabtec for cause (as defined in the Agreements), or the executive voluntarily terminates his or her employment other than for good reason (as defined in the Agreements), the executive will receive only the executives base salary through the date of termination and any vested amounts or benefits under Wabtecs benefit plans, including accrued but unpaid vacation. If, after a change of control any of the five named executive officers had been terminated by the Company for cause, or the executive voluntarily terminated his employment other than for good reason, at December 31, 2017, no benefits would have been payable to Messrs. Betler, Dugan, DeNinno, Wahlstrom and Neupaver. In addition to benefits paid pursuant to the Agreement, upon a change in control, stock options become exercisable, restrictions on restricted stock lapse and performance units are deemed to have been fully earned under the Outstanding Stock Awards below.
Other than for Cause/Good Reason
. If, after a change of control, an executives employment is terminated by Wabtec other than for cause or the executive terminates his employment for good reason the executive will receive (a) the executives base salary through the date of termination, (b) a cash amount equal to two times the sum of the executives annual base salary and the target cash bonus amount for the executive for the fiscal year ending immediately prior to the change of control, and (c) any vested benefits under Wabtecs benefit plans, including accrued but unpaid vacation and including benefits under the 2011 Stock Incentive Plan. The executive will also be entitled to continue participation in all of Wabtecs employee and executive welfare and fringe plans until the earlier of the 24 month anniversary of the termination date and the date the executive becomes eligible for comparable benefits under a similar plan, policy or program of a subsequent employer. The amounts described may be subject to reduction as may be necessary to avoid characterization of amounts as excess parachute payments under the Internal Revenue Code. If, after a change of control, any of the five named executive officers had been terminated by the Company other than for cause, or if the executive had terminated his employment for good reason, at December 31, 2017, the value of the benefit to such executive would have been: Mr. Betler $4,022,800, Mr. Dugan $2,002,800, Mr. DeNinno $1,637,800, Mr. Wahlstrom $1,014,803, Mr. Neupaver $0. In addition to the benefits paid pursuant to the Agreement, upon a change in control, stock options become exercisable, restrictions on restricted stock lapse and performance units are deemed to have been fully earned as described under Outstanding Stock Awards below.
Potential Change of Control
. If, after the occurrence of a potential change of control, as defined in the Agreement, and prior to a change of control, (a)(i) an executives employment is terminated by the Company other than for cause