Common use of Statutory Severance Clause in Contracts

Statutory Severance. In the event that Executive becomes eligible to receive statutory severance payments or benefits required under applicable law (“Statutory Severance Benefits”), such Statutory Severance Benefits will be provided to Executive in accordance with applicable law.

Appears in 2 contracts

Sources: Employment Agreement (Elastic N.V.), Employment Agreement (Elastic N.V.)

Statutory Severance. In the event that Executive becomes eligible to receive statutory severance payments or benefits required under applicable law (“Statutory Severance Benefits”), such Statutory Severance Benefits will be provided to Executive in accordance with applicable law.]

Appears in 1 contract

Sources: Change in Control and Severance Agreement (Navan, Inc.)