Common use of Severance Benefit Clause in Contracts

Severance Benefit. Key Employee will be entitled to receive the severance benefits described in ARTICLE III upon his termination of employment during the term of this Agreement described in Section 2.1 provided he satisfies the requirements outlined in ARTICLE III.

Severance Benefit. The Key Employee will shall be entitled to receive the severance benefits described in ARTICLE III upon his the Key Employee’s termination of employment during the term of this Agreement described in Section 2.1 Employment Term, provided he the Key Employee satisfies the requirements outlined in ARTICLE III.

Severance Benefit. Key Employee will shall be entitled to receive the severance benefits described in ARTICLE III upon his termination of employment during the term of this Agreement described in Section 2.1 Employment Term, provided he satisfies the requirements outlined in ARTICLE III.

Severance Benefit. Key Employee will shall be entitled to receive the severance benefits described in ARTICLE III upon his termination of employment during the term of this Agreement described in Section 2.1 Employment Term, provided he satisfies the requirements outlined in ARTICLE III. Notwithstanding anything in this Agreement to the contrary, for all purposes of this Agreement, Key Employee shall not be deemed to have incurred a termination of employment unless Key Employee has incurred a “separation from service” as defined in Treasury Regulation §1.409A-1(h).

Severance Benefit. Key Employee will be entitled to receive the severance benefits described in ARTICLE III upon his termination of employment during the term of this Agreement described in Section 2.1 provided he satisfies the requirements outlined in ARTICLE III.. ARTICLEV