Common use of Other Employment Arrangements Clause in Contracts

Other Employment Arrangements. (a) This Agreement does not affect the Executive’s existing or future employment arrangements with the Company, except as specifically provided herein. The Executive’s employment with the Company shall continue to be governed by the Executive’s existing or future employment agreements with the Company, if any, or, in the absence of any employment agreement, shall continue to be at the will of the Board of Directors of the Company or, if the Executive is not an officer of the Company at the time of the termination of the Executive’s employment with the Company, the will of the Chief Executive Officer of the Company, except that if the Executive’s employment with the Company is terminated (whether by the Executive or the Company), then the Executive shall be entitled to receive certain benefits, if any, as provided in this Agreement.

Appears in 2 contracts

Samples: Form of Waiver and Release Agreement (Quanex Corp), Severance Agreement Between Quanex Building Products Corporation And (Quanex Building Products CORP)

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Other Employment Arrangements. (a) This Agreement does not affect the ExecutiveEmployee’s existing or future employment arrangements with the Company, except as specifically provided herein. The ExecutiveEmployee’s employment with the Company shall continue to be governed by the ExecutiveEmployee’s existing or future employment agreements with the Company, if any, or, in the absence of any employment agreement, shall continue to be at the will of the Board of Directors of the Company or, if the Executive Employee is not an officer of the Company at the time of the termination of the ExecutiveEmployee’s employment with the Company, the will of the Chief Executive Officer of the Company, except that if the ExecutiveEmployee’s employment with the Company is terminated (whether by the Executive Employee or the Company), then the Executive Employee shall be entitled to receive certain benefits, if any, as provided in this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Patterson Uti Energy Inc), Severance Agreement (Patterson Uti Energy Inc)

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