Other Post Termination Obligations. (a) In the event of termination of Executive’s employment, the sole obligation of the Company under this Agreement will be its obligation to make the payments called for by Sections 9 or 10 hereof, as the case may be, and the Company will have no other obligation to Executive or to his beneficiary or his estate, except as otherwise provided by law or by the terms of any employee benefit plans or programs, or of any incentive compensation or stock ownership plans, then maintained by the Company in which Executive participates. In no event shall Executive be eligible for payments under both Section 9 and Section 10.
Appears in 2 contracts
Samples: Key Employee Agreement (Graco Inc), Key Employee Agreement (Graco Inc)
Other Post Termination Obligations. (a) In the event of termination of Executive’s employment, the sole obligation of the Company under this Agreement will be its obligation to make the payments called for by Sections 9 9, 10 or 10 12 hereof, as the case may be, and the Company will have no other obligation to Executive or to his Executive’s beneficiary or his Executive’s estate, except as otherwise provided by law or by the terms of any employee benefit plans or programs, or of any incentive compensation or stock ownership plans, then maintained by the Company in which Executive participates. In no event shall Executive be eligible for payments under both Section 9 and Section 10.
Appears in 2 contracts
Samples: Employment Agreement (Crocs, Inc.), Employment Agreement (Crocs, Inc.)
Other Post Termination Obligations. (a) In the event of termination of Executive’s employment, the sole obligation of the Company under this Agreement will be its obligation to make the payments called for by Sections 9 or 10 hereof, as the case may be, and the Company will have no other obligation to Executive or to his Executive’s beneficiary or his Executive’s estate, except as otherwise provided by law or by the terms of any employee benefit plans or programs, or of any incentive compensation or stock ownership plans, then maintained by the Company in which Executive participates. In no event shall Executive be eligible for payments under both Section 9 and Section 10.
Appears in 1 contract
Samples: Key Employee Agreement (Graco Inc)
