Severance Pay Plans. The Parties acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any NSAM Participant for purposes of any policy, plan, program or agreement of NorthStar Realty or any member of the NorthStar Realty Group that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.
Appears in 3 contracts
Sources: Employee Matters Agreement (Northstar Realty Finance Corp.), Employee Matters Agreement (NorthStar Asset Management Group Inc.), Employee Matters Agreement (NorthStar Asset Management Group Inc.)