Common use of Severance Payments Clause in Contracts

Severance Payments. In the event the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason, subject to the provisions of Section 5.3, the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 (collectively, the “Severance Payments”).

Appears in 11 contracts

Samples: Employment Agreement (TradeUP Global Corp), Employment Agreement (Holicity Inc.), Employment Agreement (Astra Space, Inc.)

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Severance Payments. In the event Except as otherwise provided in Section 4 and subject to Section 6 and Section 19, if the Executive’s employment with the Company is terminated other than by reason of a Nonqualifying Termination, then the Company without Cause shall pay or by provide the Executive for Good Reason, subject to the provisions of Section 5.3, the Company will pay (or the Executive, in addition to ’s beneficiary or estate) with the Final Compensation, severance following payments as provided in this Section 5.2 (collectively, the “Severance Payments”).or benefits:

Appears in 10 contracts

Samples: Severance Agreement (Force Protection Inc), Severance Agreement (Force Protection Inc), Severance Agreement (Force Protection Inc)

Severance Payments. In the event If the Executive’s 's employment is terminated following a Change in Control and during the Term, other than (A) by the Company without Cause for Cause, (B) by reason of death, Disability or Retirement, or (C) by the Executive for without Good Reason, subject to the provisions of Section 5.3, then the Company will shall pay the ExecutiveExecutive the following amounts, in addition to and provide the Final Compensation, severance payments as provided in this Section 5.2 Executive the following benefits (collectively, the “Severance Payments”)., in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof:

Appears in 10 contracts

Samples: Change in Control Agreement (Tractor Supply Co /De/), Change in Control Agreement (Tractor Supply Co /De/), Change in Control Agreement (Tractor Supply Co /De/)

Severance Payments. In the event If the Executive’s employment is terminated following a Change in Control and during the Term, other than (A) by the Company without Cause for Cause, (B) by reason of death or Disability, or (C) by the Executive for without Good Reason, subject to the provisions of Section 5.3, then the Company will shall pay the ExecutiveExecutive the following amounts, in addition to and provide the Final Compensation, severance payments as provided in this Section 5.2 Executive the following benefits (collectively, the “Severance Payments”)., together with any Gross-Up Payment payable under Section 6(b) hereof, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof:

Appears in 3 contracts

Samples: Change in Control Agreement (Tractor Supply Co /De/), Change in Control Agreement (Tractor Supply Co /De/), Change in Control Agreement (Tractor Supply Co /De/)

Severance Payments. In the event If the Executive’s employment is terminated following a Change in Control and during the Term, other than (A) by the Company without Cause for Cause, (B) by reason of death, Disability or Retirement, or (C) by the Executive for without Good Reason, subject to the provisions of Section 5.3, then the Company will shall pay the ExecutiveExecutive the following amounts, in addition to and provide the Final Compensation, severance payments as provided in this Section 5.2 Executive the following benefits (collectively, the “Severance Payments”)., together with any Gross-Up Payment payable under Section 6(b) hereof, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof:

Appears in 2 contracts

Samples: Change in Control Agreement (Tractor Supply Co /De/), Change in Control Agreement (Tractor Supply Co /De/)

Severance Payments. In the event If the Executive’s 's employment is terminated during the Term, other than (A) by the Company without Cause for Cause, (B) by reason of death or Disability, or (C) by the Executive for without Good Reason, subject to and Xxxxx X. Xxxxxxx is not the provisions Chief Executive Officer of Section 5.3, the Company will upon the Date of Termination, then the Company shall pay the ExecutiveExecutive the amounts, in addition to and provide the Final CompensationExecutive the benefits, severance payments as provided described in this Section 5.2 5 (collectively, the “"Severance Payments”)."):

Appears in 1 contract

Samples: Retention and Severance Agreement (Adesa Inc)

Severance Payments. In the event 5.1 If the Executive’s employment is terminated during the Term by the Company without Cause or by the Executive for Good Reason, subject to the provisions of Section 5.3, the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 (collectively, the “Severance Payments”).Cause:

Appears in 1 contract

Samples: Severance Agreement (Adesa Inc)

Severance Payments. In the event 6.1. Subject to Section 6.2 hereof, if the Executive’s 's employment is terminated during the Term, other than (A) by the Company without Cause for Cause, (B) by reason of death or Disability, or (C) by the Executive for without Good Reason, subject to the provisions of Section 5.3, the Company will shall pay the ExecutiveExecutive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments"), in addition to any payments and benefits to which the Final Compensation, severance payments as provided in this Executive is entitled under Section 5.2 (collectively, the “Severance Payments”)5 hereof.

Appears in 1 contract

Samples: Severance Agreement (Harvard Industries Inc)

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Severance Payments. In the event of any termination of the Executive’s employment is terminated by the Company without Cause under Section 4(b) or by the Executive for Good Reason, subject to the provisions of Reason under Section 5.34(c), the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 the following (collectively, the “Severance PaymentsBenefits).):

Appears in 1 contract

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Severance Payments. In the event of any termination of the Executive’s 's employment is terminated by the Company without Cause under Section 4(b) or by the Executive for Good Reason, subject to the provisions of Reason under Section 5.34(c), the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 the following (collectively, the "Severance Payments”).Benefits"):

Appears in 1 contract

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Severance Payments. In the event the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason, subject to the provisions of Section 5.3, the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 (collectively, the “Severance the“Severance Payments”).

Appears in 1 contract

Samples: Employment Agreement (Holicity Inc.)

Severance Payments. In the event of any termination of the Executive’s 's employment is terminated by the Company without Cause under Section 4(b) or by the Executive for Good Reason, subject to the provisions of Reason under Section 5.34(c), the Company will pay the Executive, in addition to the Final Compensation, severance payments as provided in this Section 5.2 the following (collectively, the “Severance PaymentsBenefits).):

Appears in 1 contract

Samples: Employment Agreement (Cerevel Therapeutics Holdings, Inc.)

Severance Payments. In the event the If Company terminates Executive’s 's employment is terminated by the Company without Cause or by the Executive for Good Reason, subject prior to the provisions end of Section 5.3the Employment Period, the Company will shall pay the Executive, in addition to the Final Compensation, Executive as severance payments as provided a monthly amount equal to his then current month base salary (less applicable withholding) for the remainder of the Employment Period. The severance payments described in this Section 5.2 (collectively, 6 shall discharge all of the “Severance Payments”)Company's obligations to the Executive.

Appears in 1 contract

Samples: Employment Agreement (CMC Industries Inc)

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