Common use of Compensation Other Than Severance Payments Clause in Contracts

Compensation Other Than Severance Payments. If the Executive’s employment shall be terminated for any reason during the Term of this Agreement, the Company shall pay the Executive’s full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reduction, the rate in effect immediately prior to such Base Salary Reduction, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason).

Appears in 6 contracts

Samples: Severance Agreement (STR Holdings, Inc.), Severance Agreement (STR Holdings, Inc.), Severance Agreement (STR Holdings, Inc.)

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Compensation Other Than Severance Payments. 5.1 If the Executive’s 's employment shall be terminated for any reason following a Change in Control and during the Term of this AgreementTerm, the Company shall pay the Executive’s 's full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reductionhigher, the rate in effect immediately prior to such Base Salary Reductionthe Change in Control, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason)Change in Control.

Appears in 4 contracts

Samples: Severance Agreement (Immunex Corp /De/), Severance Agreement (Immunex Corp /De/), Severance Agreement (Immunex Corp /De/)

Compensation Other Than Severance Payments. 4.1 If the Executive’s 's employment shall be terminated for any reason following a Change in Control and during the Term of this AgreementTerm, the Company shall pay the Executive’s 's full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reductionhigher, the rate in effect immediately prior to such Base Salary Reductionthe first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason).

Appears in 3 contracts

Samples: Form of Severance Agreement (Healthsource Inc), Form of Severance Agreement (Healthsource Inc), Form of Severance Agreement (Healthsource Inc)

Compensation Other Than Severance Payments. 5.1 If the Executive’s employment shall be terminated for any reason following a Change in Control and during the Term of this AgreementTerm, the Company shall pay the Executive’s full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reductionhigher, the rate in effect immediately prior to such Base Salary Reductionthe first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason).

Appears in 2 contracts

Samples: In Control Severance Agreement (Veoneer, Inc.), Severance Agreement (Veoneer, Inc.)

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Compensation Other Than Severance Payments. 4.1 If the Executive’s employment shall be terminated for any reason during the Term of this AgreementTerm, the Company shall pay the Executive’s full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reductionhigher, the rate in effect immediately prior to such Base Salary Reductionthe first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits accrued and payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason).

Appears in 1 contract

Samples: Release Agreement (Armstrong World Industries Inc)

Compensation Other Than Severance Payments. 4.1 If the Executive’s 's employment shall be terminated for any reason during the Term of this Agreementfollowing a Change in Control, the Company shall pay the Executive’s 's full salary to the Executive through the Date of Termination at the rate in effect immediately prior to the Date of Termination or, if there has been a Base Salary Reductionhigher, the rate in effect immediately prior to such Base Salary Reductionthe first occurrence of an event or circumstance constituting Good Reason, together with all compensation and benefits payable to the Executive through the Date of Termination under the terms of the Company’s 's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination (or, if more favorable to the Executive, as in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason).

Appears in 1 contract

Samples: Employment Agreement (Kaman Corp)

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