Other Severance Sample Clauses

Other Severance. In addition to the aforementioned Severance Payments, the Employee shall be due: (choose one)
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Other Severance. In consideration for the payments to be made to the Employee under this Employment Agreement, the Employee agrees to waive any and all rights to any payments or benefits under any other severance plan, program or arrangement of the Company.
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Other Severance. In the event the Company's written severance pay policy applicable to Executive provides for greater severance pay and benefits than are provided for in Section 9(d) or 9(g), Executive may elect to receive termination pay and benefits under the terms and conditions of such policy in lieu of the payments and benefits under Section 9(d) or 9(g). It is understood by the Parties that Executive shall not be entitled to both the payments and benefits under the severance pay policy and those available under Section 9(d) or 9(g). Notwithstanding the foregoing, in addition to being entitled to the greater of the payments and benefits under the severance pay policy and under Section 9(d) or 9(g), as applicable, Executive shall be entitled to professional outplacement services (including office space and secretarial services), at a cost not exceeding 10% of Executive's annual Base Salary, in accordance with the Company's policies regarding outplacement services; provided, however, that payments pursuant to this sentence shall be made only for actual outplacement services, and Executive shall not have the option to elect to receive all or part of the maximum allowances therefor in lieu of outplacement services.
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Other Severance. If the Executive's employment is ---------------- terminated by the Corporation other than at a time, or for a reason, described in Section 3 or 4 above, the Executive will be entitled to receive the severance payments and benefits set forth in Sections 6 and 7 below; provided, however, that no severance payments shall be made, or continuing benefits provided, under the Agreement, if any of the following apply:
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Other Severance. The Company acknowledges and agrees that the Change-in-Control Payment is in addition to any severance payments to which Executive may be entitled under the Company's Key Employee Retention Plan and which are described in the consent order of the U.S. Bankruptcy Court overseeing the Parent's reorganization dated November 26, 2003.
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Other Severance. In the event the Company's written severance pay policy applicable to Executive provides for greater severance pay and benefits than are provided for in Section 9(d) or 9(g), Executive may elect to receive termination pay and benefits under the terms and conditions of such policy in lieu of the payments and benefits under Section 9(d) or 9(g). It is understood by the Parties that Executive shall not be entitled to both the payments and benefits under the severance pay policy and those available under Section 9(d) or 9(g). Notwithstanding the foregoing, in addition to being entitled to the greater of the payments and benefits under the severance pay policy and under Section 9(d) or 9(g), as applicable, Executive shall be entitled to professional outplacement services (including office space and
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Other Severance. Except as may be otherwise specifically provided in an amendment of this paragraph (e) adopted in accordance with paragraph 14, the Executive's rights under this paragraph 4 shall be in lieu of any benefits that may be otherwise payable to or on behalf of the Executive pursuant to the terms of any severance pay arrangement of the Company or any Affiliate or any other, similar arrangement of the Company or any Affiliate providing benefits upon involuntary termination of employment.
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Other Severance. AGREEMENTS Any severance payments provided to the Executive under Section 4 hereof shall be offset by the dollar amount of any other cash severance payments to which the Executive is entitled under any other severance or termination pay plan, policy or agreement with the Company or its affiliates (including, without limitation, the severance or termination pay plans, policies and agreements of Red Lion Hotels, Inc.).
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Other Severance. As additional Severance, Xxxxxxxxx shall receive reimbursement for all submitted expense reports through October of 2014 and shall be allowed to retain his Company laptop computer.
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Related to Other Severance

  • Other Severance Benefits Executive hereby agrees that in consideration for the payments to be received under Section 7(b) of this Agreement, Executive waives any and all rights to any payments or benefits under any severance plans or arrangements of the Company or their respective affiliates that specifically provide for severance payments, other than the Change in Control Severance Agreement between the Company and Executive (the “Change in Control Severance Agreement”); provided that any payments payable to Executive under Section 7(b) hereof shall be offset by any payments payable under the Change in Control Severance Agreement.

  • No Other Severance The provisions of this Section 6 shall supersede in their entirety any severance payment provisions in any severance plan, policy, program, or other arrangement maintained by the Company except as otherwise approved by the Board.

  • No Other Severance Benefits Except as specifically set forth in this Agreement, the Executive covenants and agrees that he shall not be entitled to any other form of severance benefits from the Company, including, without limitation, benefits otherwise payable under any of the Company's regular severance policies, in the event his employment hereunder ends for any reason and, except with respect to obligations of the Company expressly provided for herein, the Executive unconditionally releases the Company and its subsidiaries and affiliates, and their respective directors, officers, employees and stockholders, or any of them, from any and all claims, liabilities or obligations under this Agreement or under any severance or termination arrangements of the Company or any of its subsidiaries or affiliates for compensation or benefits in connection with his employment or the termination thereof.

  • Bonus Severance A single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

  • Cash Severance The Company shall make a single lump sum severance payment to Executive in an amount equal to Executive’s Base Annual Salary in effect as of the Termination Date plus an amount equal to Executive’s Annual Bonus target in effect as of the Termination Date, less required tax withholdings and deductions (the “Change in Control Payment”). The Change in Control Payment will be paid within sixty (60) days after the Termination Date, but in no event later than March 15 of the year following the year of termination.

  • Termination Severance Either party may terminate the employment relationship as evidenced by this Agreement at any time and for any reason upon ninety days written notice to the other.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

  • Change in Control Severance Benefits If there is a Change in Control, and within one (1) year of such Change in Control, the Executive’s employment is terminated under the circumstances described in Sections 4(a) through 4(f) above, the Executive shall be entitled to the following: (I) if such termination is a termination by the Company without Cause pursuant to Section 4(a) or the Executive resigns for Good Reason pursuant to Section 4(b), the Company shall pay the Executive the Accrued Obligations and the Pro Rata Bonus and, in addition, subject to the provisions of Section 19, (A) an amount equal to twenty-four (24) months of the Executive’s Base Salary at the rate in effect on the date of termination or resignation, payable in a lump sum within sixty (60) calendar days of the date of termination or resignation; and (B) provided the Executive timely elects continuation coverage under COBRA, the Company shall also pay, on the Executive’s behalf, the portion of monthly premiums for the Executive’s group health insurance, including coverage for the Executive’s dependents, that the Company paid immediately prior to the date of termination or resignation, during the eighteen (18) month period following the date of termination or resignation, subject to the Executive’s continued eligibility for COBRA coverage. The Company will pay for such COBRA coverage for eligible dependents only for those dependents who were enrolled immediately prior to the date of termination or resignation. The Executive will continue to be required to pay that portion of the premium for the Executive’s health coverage, including coverage for the Executive’s eligible dependents, that the Executive was required to pay as an active employee immediately prior to the date of termination or resignation. Notwithstanding the foregoing, in the event that under applicable guidance the reimbursement of COBRA premiums causes the Company’s group health plan to violate any applicable nondiscrimination rule, the parties agree to negotiate in good faith a mutually agreeable alternative arrangement; and (II) if such termination is a termination or resignation under the circumstances described in Sections 4(c), 4(d), 4(e) or 4(f), the Executive shall be entitled to the compensation and benefits for which the Executive is eligible under such sections.

  • Severance Payments 6.1 If the Executive's employment is terminated following a Change in Control and during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments") and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof; provided, however, that the Executive shall not be entitled to the Severance Payments unless and until the Executive (or, in the event of the Executive's death, the executor, personal representative or administrator of the Executive's estate) has signed a written waiver and release substantially in the form set forth on Exhibit A hereto. For purposes of this Agreement, the Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) during the Term the Executive's employment is terminated by the Company without Cause following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, (ii) during the Term the Executive terminates his employment for Good Reason following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person or (iii) during the Term the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in connection with or in anticipation of a Change in Control (whether or not a Change in Control ever occurs). An Executive will not be considered to have been terminated by reason of the divestiture of a facility, sale or other disposition of a business or business unit, or the outsourcing of a business activity with which the Executive is affiliated, notwithstanding the fact that such divestiture, sale or outsourcing takes place within two years following a Change in Control, if the Executive is offered comparable employment by the successor company and such successor company agrees to assume the Company's obligations to the Executive under this Agreement.

  • Compensation Other Than Severance Payments 5.1 Following a Change in Control and during the Term, during any period that the Executive fails to perform the Executive's full-time duties with the Company as a result of incapacity due to physical or mental illness, the Company shall pay the Executive's full salary to the Executive at the rate in effect at the commencement of any such period, together with all compensation and benefits payable to the Executive under the terms of any compensation or benefit plan, program or arrangement maintained by the Company during such period (other than any disability plan), until the Executive's employment is terminated by the Company for Disability.

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