Common use of Severance Compensation upon Termination Clause in Contracts

Severance Compensation upon Termination. In the event of Executive's Termination upon a Change in Control, Executive shall be entitled to receive the Severance Package. In such event, the Company shall have no further liability or obligation to Executive for compensation under this Agreement except as otherwise specifically provided in this Agreement.

Appears in 5 contracts

Samples: Executive Employment Agreement (Medical Nutrition Usa Inc), Executive Employment Agreement (Gender Sciences Inc), Executive Employment Agreement (Medical Nutrition Usa Inc)

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Severance Compensation upon Termination. In the event of --------------------------------------- Executive's Termination upon a Change in Control, Executive shall be entitled to receive the Severance Package. In such event, the Company shall have no further liability or obligation to Executive for compensation under this Agreement except as otherwise specifically provided in this Agreement. A voluntary resignation by Executive shall not be deemed a breach of this Agreement and shall not effect any rights of Executive accrued through the date of such resignation.

Appears in 2 contracts

Samples: Indemnification Agreement (Entravision Communications Corp), Indemnification Agreement (Entravision Communications Corp)

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