Common use of Operation of Agreement Clause in Contracts

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s employment with the Company terminates under one of the applicable provisions set forth herein. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 9 contracts

Samples: Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi)

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Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s 's employment with the Company terminates under one of the applicable provisions set forth hereinherein following a Change in Control. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 9 contracts

Samples: Control Severance Agreement (Comshare Inc), Control Severance Agreement (Comshare Inc), Incorporated Change in Control Severance Agreement (Comshare Inc)

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s 's employment with the Company terminates under one of the applicable provisions set forth herein. As used herein following a Change in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)Control.

Appears in 6 contracts

Samples: Control Severance Agreement (Champion Enterprises Inc), Control Severance Agreement (Champion Enterprises Inc), Control Severance Agreement (Champion Enterprises Inc)

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s 's employment with the Company terminates under one of the applicable provisions set forth herein. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 4 contracts

Samples: Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi)

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s employment with the Company terminates under one of the applicable provisions set forth herein. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 3 contracts

Samples: Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi), Severance Agreement (Perceptron Inc/Mi)

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s employment with the Company terminates under one of the applicable provisions set forth herein. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).. 

Appears in 1 contract

Samples: Severance Agreement (Perceptron Inc/Mi)

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Operation of Agreement. This Agreement sets forth the notice and potential severance compensation that the Company shall pay the Executive if the Executive’s employment with the Company terminates under one of involuntarily pursuant to the applicable provisions terms set forth herein. As used in this Agreement, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Severance Agreement (Perceptron Inc/Mi)

Operation of Agreement. This Agreement sets forth the sole severance compensation that the Company shall pay the Executive if the Executive’s employment with the Company terminates under one of the applicable provisions set forth herein. As used herein following a Change in this Agreement, Control which shall be in lieu of any severance compensation pursuant to the employment with agreement between the Executive and the Company shall be deemed to include employment with a subsidiary dated as of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986July 12, as amended (the “Code”)2004.

Appears in 1 contract

Samples: Control Severance Agreement (Champion Enterprises Inc)

Operation of Agreement. This Agreement sets forth the severance compensation that the Company shall pay the Executive if the Executive’s 's employment with the Company terminates under one of the applicable provisions set forth herein. As used herein following a Change in this AgreementControl that occurs on or prior to June 22, employment with the Company shall be deemed to include employment with a subsidiary of the Company. The severance provided under this Agreement is intended either to be exempt from or comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)2000.

Appears in 1 contract

Samples: Agreement (American Dental Technologies Inc)

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