Common use of Post-Employment Benefits Clause in Contracts

Post-Employment Benefits. (a) If, during the Term, Employee is terminated by the Company without Cause or the Employee terminates his employment with the Company for Good Reason (within four (4) months following the occurrence of the event constituting Good Reason), the Company shall pay to the Employee the amount specified below in Section 3.1(a)(i) within fifteen (15) business days after the date the Employee's employment is terminated (the "Termination Date"):

Appears in 3 contracts

Samples: Employment Agreement (Pillowtex Corp), Employment Agreement (Pillowtex Corp), Employment Agreement (Pillowtex Corp)

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Post-Employment Benefits. (a) If, during the Term, Employee is terminated by the Company without Cause or the Employee terminates his employment with the Company for Good Reason (within four (4) months following the occurrence of the event constituting Good Reason, other than as described in Section 1.15(e)), the Company shall pay to the Employee the amount specified below in Section 3.1(a)(i) within fifteen (15) business days after the date the Employee's employment is terminated (the "Termination Date"):

Appears in 1 contract

Samples: Employment Agreement (Pillowtex Corp)

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