Common use of By the Company Without Cause or By the Executive for Good Reason Clause in Contracts

By the Company Without Cause or By the Executive for Good Reason. Subject to the Executive’s compliance with Section 7 hereof and subject to the execution by the Executive, without revocation, of a general release in the form attached hereto as Exhibit A (the “Release”), if during the Employment Term, without the Consulting Term having commenced, the Executive’s employment terminates without Cause or Executive terminates his employment for Good Reason, the Executive shall receive the severance payments set forth in this Section 5.2 at such times and subject to the provisions of paragraphs (I) and (II) below (which shall be in lieu of any payments or benefits to which the Executive may be entitled under any Company severance plan (the “Severance Plan”)):

Appears in 2 contracts

Samples: Employment Agreement (NewPage Holding CORP), Employment Agreement (NewPage CORP)

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By the Company Without Cause or By the Executive for Good Reason. Subject to the Executive’s compliance with Section 7 hereof and subject to the execution by the Executive, without revocation, of a general release in the form attached hereto as Exhibit A (the “Release”), if during the Employment Term, without the Consulting Term having commenced, the Executive’s employment terminates without Cause or Executive terminates his employment for Good Reason, the Executive shall receive the severance payments set forth in this Section 5.2 at such times and subject to the provisions of paragraphs (I) and (II) below (which shall be in lieu of any payments or benefits to which the Executive may be entitled under any Company severance plan (the “Severance Plan”)):

Appears in 2 contracts

Samples: Employment Agreement (NewPage CORP), Employment Agreement (NewPage Holding CORP)

By the Company Without Cause or By the Executive for Good Reason. Subject to the Executive’s compliance with Section 7 hereof and subject to the execution by the Executive, without revocation, of a general valid employment release in the form attached hereto as Exhibit A (the “Release”)described herein, if during the Employment Term, without the Consulting Term having commenced, the Executive’s employment terminates without Cause or Executive terminates his employment for Good Reason, the Executive shall receive the severance payments set forth in this Section 5.2 at such times and subject to the provisions of paragraphs (I) and (II) below (which shall be in lieu of any payments or benefits to which the Executive may be entitled under any Company severance plan (the “Severance Plan”)):.

Appears in 2 contracts

Samples: Employment Agreement (NewPage Energy Services LLC), Employment Agreement (NewPage Holding CORP)

By the Company Without Cause or By the Executive for Good Reason. Subject to the Executive’s compliance with Section 7 hereof and subject to the execution by the Executive, without revocation, of a general release in the form attached hereto as Exhibit A or in other form satisfactory to the Company (the “Release”), if during the Employment Term, without the Consulting Term having commenced, the Executive’s employment terminates without Cause or Executive terminates his employment for Good Reason, the Executive shall receive the severance payments set forth in this Section 5.2 at such times and subject to the provisions of paragraphs (I) and (II) below (which shall be in lieu of any payments or benefits to which the Executive may be entitled under any Company severance plan (the “Severance Plan”)):

Appears in 1 contract

Samples: Employment Agreement (NewPage CORP)

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By the Company Without Cause or By the Executive for Good Reason. Subject to the Executive’s compliance with Section 7 hereof and subject to the execution by the Executive, without revocation, of a general release in the form attached hereto as Exhibit A or in other form satisfactory to the Company (the “Release”), if during the Employment Term, without the Consulting Term having commenced, the Executive’s employment terminates without Cause or Executive terminates his employment for Good Reason, the Executive shall receive the severance payments set forth in this Section 5.2 at such times and subject to the provisions of paragraphs (I) and (II) below (which shall be in lieu of any payments or benefits to which the Executive may be entitled under any Company severance plan (the “Severance Plan”)):

Appears in 1 contract

Samples: Employment Agreement (NewPage CORP)

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