SERP Contribution. The Executive shall be entitled to his SERP contribution earned or accrued but unpaid through the date of termination. Anything in this Agreement to the contrary notwithstanding, if the Executive’s employment with the Company is terminated other than for Cause prior to the date on which a Trigger Event occurs, and it is reasonably demonstrated that such termination (i) was at the request of a third party who has taken steps reasonably calculated to effect a Trigger Event or (ii) otherwise arose in connection with or anticipation of a Trigger Event then for all purposes of this Agreement the date of the Trigger Event shall mean the date immediately prior to the date of such termination.
Appears in 1 contract
Sources: Employment Agreement (Esmark INC)
SERP Contribution. The Executive shall be entitled to his Executive’s SERP contribution earned or and accrued but unpaid through the date of termination. Anything in this Agreement to the contrary notwithstanding, if the Executive’s employment with the Company is terminated other than for Cause prior to the date on which a Trigger Event occurs, and it is reasonably demonstrated that such termination (i) was at the request of a third party who has taken steps reasonably calculated to effect a Trigger Event or (ii) otherwise arose in connection with or anticipation of a Trigger Event then for all purposes of this Agreement the date of the Trigger Event shall mean the date immediately prior to the date of such termination.
Appears in 1 contract
Sources: Employment Agreement (Esmark INC)