Statutory Severance. Notwithstanding anything herein to the contrary, if (i) Executive is entitled to receive severance or similar benefits under the laws of a country that is not the United States (“Statutory Severance”) and (ii) Executive incurs a Qualifying Termination of Employment during the Term and becomes entitled to the payments and benefits provided in Sections 3(a) and 3(b) hereof, then such Executive will be entitled to receive either an amount equal to (i) the Statutory Severance or (ii) the payments and benefits described in Sections 3(a) and 3(b), whichever is greater. EXTERRAN CORPORATION PAGE 3 OF 12 CHANGE OF CONTROL AGREEMENT
Appears in 2 contracts
Sources: Change of Control Agreement (Exterran Corp), Change of Control Agreement (Exterran Corp)