Common use of Other Separation Clause in Contracts

Other Separation. If the Employee's Separation from Service is due to the Employee's death, disability (for the avoidance of doubt, including an involuntary termination due to disability), termination by the Company for Cause or termination by the Employee other than for Good Reason, then no further compensation or benefits will be provided to the Employee by the Company under this Agreement following the date of such Separation from Service other than payment of compensation earned to the date of Separation from Service but not yet paid. As more fully and generally provided in Section 15 hereof, this Subsection 5(b) shall not be interpreted to deny the Employee any benefits to which he may be entitled under any plan or arrangement of the Company applicable to the Employee. Likewise, this Subsection 5(b) shall not be interpreted to entitle the Employee to a bonus under the Bonus Plan following his Separation from Service except as provided in the Bonus Plan.

Appears in 2 contracts

Sources: Employment Agreement (Sealy Corp), Employment Agreement (Sealy Corp)

Other Separation. If the Employee's ’s Separation from Service is due to the Employee's ’s death, disability (for the avoidance of doubt, including an involuntary termination due to disability), termination by the Company for Cause or termination by the Employee other than for Good Reason, then no further compensation or benefits will be provided to the Employee by the Company under this Agreement following the date of such Separation from Service other than payment of compensation earned to the date of Separation from Service but not yet paid. As more fully and generally provided in Section 15 hereof, this Subsection 5(b) shall not be interpreted to deny the Employee any benefits to which he may be entitled under any plan or arrangement of the Company applicable to the Employee. Likewise, this Subsection 5(b) shall not be interpreted to entitle the Employee to a bonus under the Bonus Plan following his Separation from Service except as provided in the Bonus Plan.

Appears in 1 contract

Sources: Employment Agreement (Sealy Corp)