Common use of Effect of Certain Terminations Clause in Contracts

Effect of Certain Terminations. Notwithstanding Section 3 hereof, Employee shall not be entitled to receive, and the Successor shall have no obligation to pay, the Severance Amount if, during the Transition Period:

Appears in 6 contracts

Samples: Transcat Inc, Agreement for Severance (Skaneateles Bancorp Inc), Skaneateles Bancorp Inc

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Effect of Certain Terminations. Notwithstanding Section 3 hereof, the Employee shall not be entitled to receiveto, and the Successor shall have no obligation to pay, the Severance Amount if, during the Transition Period:

Appears in 2 contracts

Samples: Agreement for Severance Upon Change in Control (Transcat Inc), Agreement for Severance Upon Change in Control (Transcat Inc)

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