Participation in Plan. Employee is hereby designated a "Key Employee" for purposes of the Plan and is eligible for the severance benefits provided therein. Such benefits shall be in lieu of any further salary payments to Employee for periods subsequent to termination of employment, to the extent Employee becomes eligible for such severance payments by reason of termination of employment.
Appears in 8 contracts
Samples: Severance and Deferred Compensation Agreement (Mg Waldbaum Co), Severance and Deferred Compensation Agreement (Mg Waldbaum Co), Severance and Deferred Compensation Agreement (Mg Waldbaum Co)
Participation in Plan. Employee is hereby designated a "Key Employee" for -- --------------------- purposes of the Plan and is eligible for the severance benefits provided therein. Such benefits shall be in lieu of any further salary payments to Employee for periods subsequent to termination of employment, to the extent Employee becomes eligible for such severance payments by reason of termination of employment.
Appears in 4 contracts
Samples: Option Cancellation Agreement (M Foods Investors LLC), Option Cancellation Agreement (M Foods Investors LLC), Option Cancellation Agreement (M Foods Investors LLC)
