Common use of Amount of Severance Benefits Clause in Contracts

Amount of Severance Benefits. If Executive's employment is terminated in circumstances entitling him to a Severance Benefit as provided in Section 4.1, Executive shall be entitled to the following benefits: (a) the Company shall pay to the Executive, as severance pay and in lieu of any further salary for periods subsequent to the Termination Date (as specified in Section 5.2), in a single payment (without any discount for accelerated payment), an amount in cash equal to 2 times the Executive's Base Salary immediately prior to the Change in Control, less any amounts paid to Executive under the Paragon Trade Brands Salaried Severance Plan; (b) for a period of eighteen (18) months subsequent to the Executive's termination of employment, the Company shall at its expense continue on behalf of the Executive and his dependents and beneficiaries, the life insurance, disability, medical dental and hospitalization benefits which were being provided to the Executive at the time of termination of employment. The benefits provided in this Subsection 4.2(b) shall be no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage provided the Executive under the plans providing such benefits at the time Notice of Termination is given. The Executive shall notify the Company if he obtains employment with another entity or individual during the eighteen (18) months subsequent to his termination and in doing so shall inform the Company whether the Executive has been provided all or some of the foregoing benefits by his new employer. The Company's obligation hereunder with respect to the foregoing benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the aggregate coverage of the combined benefit plans is no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage required to be provided hereunder. This subsection (b) shall not be interpreted so as to limit any benefits to which the Executive or his dependents may be entitled under any of the Company's employee benefit plans, programs or practices following the Executive's termination of employment. The provision of continued benefits to the Executive under this subsection (b) shall not deprive the Executive of any independent statutory right to continue benefits coverage pursuant to Sections 601 through 606 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (c) the Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment. SCHEDULE A (CONT) ARTICLE V

Amount of Severance Benefits. If Executive's employment is terminated in circumstances entitling him to a Severance Benefit as provided in Section 4.1, Executive shall be entitled to the following benefits: (a) the Company shall pay to the Executive, as severance pay and in lieu of any further salary for periods subsequent to the Termination Date (as specified in Section 5.2), in a single payment (without any discount for accelerated payment), an amount in cash equal to 2 2.9 times the Executive's Base Salary immediately prior to the Change in Control, less any amounts paid to Executive under the Paragon Trade Brands Salaried Severance Plan; (b) for a period of eighteen (18) months subsequent to the Executive's termination of employment, the Company shall at its expense continue on behalf of the Executive and his dependents and beneficiaries, the life insurance, disability, medical dental and hospitalization benefits which were being provided to the Executive at the time of termination of employment. The benefits provided in this Subsection 4.2(b) shall be no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage provided the Executive under the plans providing such benefits at the time Notice of Termination is given. The Executive shall notify the Company if he obtains employment with another entity or individual during the eighteen (18) months subsequent to his termination and in doing so shall inform the Company whether the Executive has been provided all or some of the foregoing benefits by his new employer. The Company's obligation hereunder with respect to the foregoing benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the aggregate coverage of the combined benefit plans is no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage required to be provided hereunder. This subsection (b) shall not be interpreted so as to limit any benefits to which the Executive or his dependents may be entitled under any of the Company's employee benefit plans, programs or practices following the Executive's termination of employment. The provision of continued benefits to the Executive under this subsection (b) shall not deprive the Executive of any independent statutory right to continue benefits coverage pursuant to Sections 601 through 606 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (c) the Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment. SCHEDULE A (CONT) ARTICLE V

Amount of Severance Benefits. If Executive's employment is terminated in circumstances entitling him her to a Severance Benefit as provided in Section 4.1, Executive shall be entitled to the following benefits: (a) the Company shall pay to the Executive, as severance pay and in lieu of any further salary for periods subsequent to the Termination Date (as specified in Section 5.2), in a single payment (without any discount for accelerated payment), an amount in cash equal to 2 one (1) times the Executive's Base Salary immediately prior to the Change in Control, less any amounts paid to Executive under the Paragon Trade Brands Salaried Severance Plan; (b) for a period of eighteen twelve (1812) months subsequent to the Executive's termination of employment, the Company shall at its expense continue on behalf of the Executive and his her dependents and beneficiaries, the life insurance, disability, medical dental and hospitalization benefits which were being provided to the Executive at the time of termination of employment. The benefits provided in this Subsection 4.2(b) shall be no less favorable to the Executive, in terms of amounts and deductibles and costs to himher, than the coverage provided the Executive under the plans providing such benefits at the time Notice of Termination is given. The Executive shall notify the Company if he she obtains employment with another entity or individual during the eighteen twelve (1812) months subsequent to his her termination and in doing so shall inform the Company whether the Executive has been provided all or some of the foregoing benefits by his her new employer. The Company's obligation hereunder with respect to the foregoing benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the aggregate coverage of the combined benefit plans is no less favorable to the Executive, in terms of amounts and deductibles and costs to himher, than the coverage required to be provided hereunder. This subsection (b) shall not be interpreted so as to limit any benefits to which the Executive or his her dependents may be entitled under any of the Company's employee benefit plans, programs or practices following the Executive's termination of employment. The provision of continued benefits to the Executive under this subsection (b) shall not deprive the Executive of any independent statutory right to continue benefits coverage pursuant to Sections 601 through 606 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (c) the Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment. SCHEDULE A (CONT) ARTICLE V

Amount of Severance Benefits. If Executive's employment is terminated in circumstances entitling him to a Severance Benefit as provided in Section 4.1, Executive shall be entitled to the following benefits: (a) the Company shall pay to the Executive, as severance pay and in lieu of any further salary for periods subsequent to the Termination Date (as specified in Section 5.2), in a single payment (without any discount for accelerated payment), an amount in cash equal to 2 one (1) times the Executive's Base Salary immediately prior to the Change in Control, less any amounts paid to Executive under the Paragon Trade Brands Salaried Severance Plan; (b) for a period of eighteen twelve (1812) months subsequent to the Executive's termination of employment, the Company shall at its expense continue on behalf of the Executive and his dependents and beneficiaries, the life insurance, disability, medical dental and hospitalization benefits which were being provided to the Executive at the time of termination of employment. The benefits provided in this Subsection 4.2(b) shall be no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage provided the Executive under the plans providing such benefits at the time Notice of Termination is given. The Executive shall notify the Company if he obtains employment with another entity or individual during the eighteen twelve (1812) months subsequent to his termination and in doing so shall inform the Company whether the Executive has been provided all or some of the foregoing benefits by his new employer. The Company's obligation hereunder with respect to the foregoing benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the aggregate coverage of the combined benefit plans is no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage required to be provided hereunder. This subsection (b) shall not be interpreted so as to limit any benefits to which the Executive or his dependents may be entitled under any of the Company's employee benefit plans, programs or practices following the Executive's termination of employment. The provision of continued benefits to the Executive under this subsection (b) shall not deprive the Executive of any independent statutory right to continue benefits coverage pursuant to Sections 601 through 606 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (c) the Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment. SCHEDULE A (CONT) ARTICLE V

Amount of Severance Benefits. If Executive's employment is terminated in circumstances entitling him to a Severance Benefit as provided in Section 4.1, Executive shall be entitled to the following benefits: (a) the Company shall pay to the Executive, as severance pay and in lieu of any further salary for periods subsequent to the Termination Date (as specified in Section 5.2), in a single payment (without any discount for accelerated payment), an amount in cash equal to 2 2.9 times the Executive's Base Salary immediately prior to the Change in Control, less any amounts paid to Executive under the Paragon Trade Brands Salaried Severance Plan; (b) for a period of eighteen (18) months subsequent to the Executive's termination of employment, the Company shall at its expense continue on behalf of the Executive and his dependents and beneficiaries, the life insurance, disability, medical dental and hospitalization benefits which were being provided to the Executive at the time of termination of employment. The benefits provided in this Subsection 4.2(b) shall be no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage provided the Executive under the plans providing such benefits at the time Notice of Termination is given. The Executive shall notify the Company if he obtains employment with another entity or individual during the eighteen (18) months subsequent to his termination and in doing so shall inform the Company whether the Executive has been provided all or some of the foregoing benefits by his new employer. The Company's obligation hereunder with respect to the foregoing benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any benefits it is required to provide the Executive hereunder as long as the aggregate coverage of the combined benefit plans is no less favorable to the Executive, in terms of amounts and deductibles and costs to him, than the coverage required to be provided hereunder. This subsection (b) shall not be interpreted so as to limit any benefits to which the Executive or his dependents may be entitled under any of the Company's employee benefit plans, programs or practices following the Executive's termination of employment. The provision of continued benefits to the Executive under this subsection (b) shall not deprive the Executive of any independent statutory right to continue benefits coverage pursuant to Sections 601 through 606 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (c) the Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise and no Schedule B (CONT) such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive in any subsequent employment. SCHEDULE A (CONT) ARTICLE V.