Severance Policy. Commencing on the second (2nd) anniversary of the Company’s emergence from Chapter 11 or, if later, the Participant’s commencement of employment with the Company, the Participant shall cease participating in any severance policies, plans or arrangements with the Company, including for the avoidance of doubt any severance terms set forth in any offer letter or employment agreement between the Company and Participant, and shall instead be eligible to participate in the new severance policy to be adopted by the Committee and/or Board on the following terms:
Appears in 3 contracts
Sources: Restricted Stock Unit Award Agreement (Garrett Motion Inc.), Restricted Stock Unit Award Agreement (Garrett Motion Inc.), Restricted Stock Unit Award Agreement (Garrett Motion Inc.)