Common use of Sole Right to Severance Clause in Contracts

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 9 contracts

Samples: Change of Control Retention Agreement (Aldila Inc), Change of Control Retention Agreement (Aldila Inc), Change of Control Retention Agreement (Brocade Communications Systems Inc)

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Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Sunpower Corp), Employment Agreement (Sunpower Corp), Employment Agreement (Tibco Software Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 6 contracts

Samples: Jonathan Faddis Employment Agreement (Taleo Corp), Employment Agreement (Taleo Corp), Bradford Benson Employment Agreement (Taleo Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive receives cash severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, cash severance payments and benefits due to Executive under this Agreement will be so correspondingly reduced, except where . Executive will not be required to mitigate the Company (as authorized amount of any payment contemplated by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement, nor will any earnings that Executive may receive from any other source reduce any such payment.

Appears in 5 contracts

Samples: Katy Murray Employment Agreement (Taleo Corp), Taleo Corporation (Taleo Corp), Jason Blessing Employment Agreement (Taleo Corp)

Sole Right to Severance. This Severance Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Severance Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 5 contracts

Samples: Executive Severance Agreement (Informatica Corp), Executive Severance Agreement (Informatica Corp), Executive Severance Agreement (Box Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 5 contracts

Samples: Greenman Employment Agreement (Majesco Holdings Inc), Patrick Flaherty Employment Agreement (Majesco Holdings Inc), Carl Yankowski Employment Agreement (Majesco Holdings Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the a termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company planhis employment In Connection with a Change in Control, program, agreement, policy, practice, or the like, severance except for such payments and benefits due to which Executive under this Agreement will would be so reduced, except where entitled as an employee of the Company (as authorized by in the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under absence of this Agreement.

Appears in 3 contracts

Samples: Executive Change in Control Agreement (Cree Inc), Executive Change in Control Agreement (Cree Inc), Executive Change in Control Agreement (Cree Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company Taleo plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 2 contracts

Samples: Taleo Corp, Taleo Corp

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the termination of Executive’s 's employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 2 contracts

Samples: Control Retention Agreement (Brocade Communications Systems Inc), Control Retention Agreement (Brocade Communications Systems Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the a termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan's employment In Connection with a Change in Control, program, agreement, policy, practice, or the like, severance except for such payments and benefits due to which Executive under this Agreement will would be so reduced, except where entitled as an employee of the Company (as authorized by in the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under absence of this Agreement.

Appears in 2 contracts

Samples: Agreement (Cree Inc), Control Agreement (Cree Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 2 contracts

Samples: Bob Eulau Employment Agreement (Alien Technology Corp), Stavro Prodromou Employment Agreement (Alien Technology Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executivehis employment. Executive acknowledges and agrees that he is not entitled to participate in the Company’s employmentExecutive Change in Control Program as amended and restated as of February 1, 2011 (the “Program”). To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company correspondingly reduced (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 2 contracts

Samples: Release of Claims Agreement (Autodesk Inc), Release of Claims Agreement (Autodesk Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 2 contracts

Samples: Change of Control Retention Agreement (Brocade Communications Systems Inc), Change of Control Retention Agreement (Brocade Communications Systems Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s her employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 1 contract

Samples: Bartz Employment Agreement (Autodesk Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the event of a termination of Executive’s his employment. To the extent Executive is shall not be entitled to receive claim severance or similar payments and/or benefits under any other Company plan, program, agreement, agreement or policy, practice, or including without limitation under the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this AgreementSunPower Corporation Management Career Transition Plan.

Appears in 1 contract

Samples: Employment Agreement (Sunpower Corp)

Sole Right to Severance. This Agreement is intended to represent the Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent the Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to the Executive under this Agreement will shall be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Vonage Holdings Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Carl Rubin Employment Agreement (Ulta Salon, Cosmetics & Fragrance, Inc.)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the a termination of Executive’s employment. To , except for such payments and benefits to which Executive would be entitled as an employee of the extent Company in the absence of this Agreement; provided, however, that the severance benefits under this Agreement are in lieu of any other severance benefits that Executive is entitled would have been eligible to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, practice or policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Control Agreement (Cree Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To If however, the Company adopts a written program that provides for severance payments or benefits that in the aggregate are greater than the payments and benefits provided under this Agreement, then to the extent Executive is entitled to receive severance payments or similar payments and/or benefits under any other such Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Swoboda Employment Agreement (Cree Inc)

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Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employmentemployment within eighteen (18) months following a Change of Control. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Change of Control Retention Agreement (RBS Global Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the a termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company planemployment In Connection with a Change in Control, program, agreement, policy, practice, or the like, severance except for such payments and benefits due to which Executive under this Agreement will would be so reduced, except where entitled as an employee of the Company (as authorized by in the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under absence of this Agreement.

Appears in 1 contract

Samples: Agreement (Cree Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where correspondingly reduced (and vice-versa) but only to the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing extent that such additional benefits are intended to reduction can be in addition to (and not in lieu of) accomplished without triggering taxation of the severance benefits Executive under this Agreement.Section 409A. --

Appears in 1 contract

Samples: Gregoire Employment Agreement (Taleo Corp)

Sole Right to Severance. This Severance Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Severance Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Executive Severance Agreement (Informatica Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executivehis employment. Executive acknowledges and agrees that he is not entitled to participate in the Company’s employmentExecutive Change in Control Program as may be amended and restated (the “Program”). To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company correspondingly reduced (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 1 contract

Samples: Release of Claims Agreement (Autodesk Inc)

Sole Right to Severance. This Revised Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the a termination of Executive’s his employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance except for such payments and benefits due to which Executive under this Agreement will would be so reduced, except where entitled as an employee of the Company (as authorized by in the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under absence of this Revised Agreement.

Appears in 1 contract

Samples: Charles Swoboda Employment Agreement (Cree Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the termination of Executive’s employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.his

Appears in 1 contract

Samples: John Gross Employment Agreement (Majesco Entertainment Co)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the termination of Executive’s 's employment. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Control Retention Agreement (Brocade Communications Systems Inc)

Sole Right to Severance. This Agreement is intended to represent Executive’s 's sole entitlement to severance payments and benefits in connection with the event of a termination of Executive’s his employment. To the extent Executive is shall not be entitled to receive claim severance or similar payments and/or benefits under any other Company plan, program, agreement, agreement or policy, practice, or including without limitation under the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this AgreementSunPower Corporation Management Career Transition Plan.

Appears in 1 contract

Samples: Employment Agreement (Sunpower Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 1 contract

Samples: Louis Tetu Employment Agreement (Taleo Corp)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s his employment. To the extent Executive is entitled to receive receives severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to correspondingly reduced (and not in lieu of) the severance benefits under this Agreementvice-versa).

Appears in 1 contract

Samples: Retirement and Separation Agreement (Oncothyreon Inc.)

Sole Right to Severance. This Agreement is intended to represent Executive’s sole entitlement to severance payments and benefits in connection with the termination of Executive’s employmentemployment within twelve (12) months following a Change of Control. To the extent Executive is entitled to receive severance or similar payments and/or benefits under any other Company plan, program, agreement, policy, practice, or the like, severance payments and benefits due to Executive under this Agreement will be so reduced, except where the Company (as authorized by the Compensation Committee or Board) and Executive expressly agree in writing that such additional benefits are intended to be in addition to (and not in lieu of) the severance benefits under this Agreement.

Appears in 1 contract

Samples: Change of Control Retention Agreement (RBS Global Inc)

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