Right to Receive Termination Benefits. Executive shall be entitled to receive the Termination Benefits described in Section 4 if, during the Term of this Agreement, Executive’s employment with the Company (and any affiliate of the Company) is terminated without Cause by the Company (or any affiliate of the Company). No amounts will be payable under this Agreement unless Executive’s employment with the Company (and its affiliates) terminates or is terminated for any reason other than as described in the preceding sentence.
Appears in 2 contracts
Samples: Severance Agreement (Insteel Industries Inc), Severance Agreement (Insteel Industries Inc)
Right to Receive Termination Benefits. Executive shall be entitled to receive the Termination Benefits described in Section 4 if, during the Term of this Agreement, Executive’s employment with the Company (and any affiliate all Related Entities of the Company) is terminated without Cause by the Company (or any affiliate Related Entity of the Company). No amounts will be payable under this Agreement unless Executive’s employment with the Company (and its affiliatesRelated Entities) terminates or is terminated for any reason other than as described in the preceding sentencesentence and such termination of employment constitutes a Separation from Service as defined below.
Appears in 1 contract
Samples: Amended and Restated Severance Agreement (Insteel Industries Inc)