Common use of Additional Severance Compensation Clause in Contracts

Additional Severance Compensation. 5.1 In addition to the amounts set forth in Section 4, upon termination of employment from the Company for any reason, Executive shall receive payment of either the amounts set forth in Section 5.2 or Section 5.3 below in consideration of Executive's undertaking not to compete with the Company, pursuant to Section 10 of Appendix B.

Appears in 2 contracts

Sources: Employment Agreement (Wintegra Inc), Employment Agreement (Wintegra Inc)