Common use of Basic Severance Benefits Clause in Contracts

Basic Severance Benefits. The benefits described in Sections 1.1, 1.2, and 1.3 below are subject to the limitations set forth in Sections 5.1 (regarding withholding), and 5.2 (requiring the execution of a waiver and release by the Executive).

Appears in 6 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

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Basic Severance Benefits. The benefits described in Sections 1.1, 1.2, and 1.3 below the subsections of this Section 1 are subject to the limitations set forth in Sections 5.1 Subsections 4.1 (regarding withholding), ) and 5.2 4.2 (requiring the execution of a waiver and release by the Executive).

Appears in 5 contracts

Samples: Severance Agreement (Steris Corp), Severance Agreement (Steris Corp), Change of Control Agreement (Dura Automotive Systems Inc)

Basic Severance Benefits. The benefits described in Sections 1.1, 1.2, and 1.3 below are subject to the limitations set forth in Sections 5.1 (which requires an election among applicable agreements providing severance benefits if more than one such agreement would apply in the particular circumstances of the termination of the Executive’s employment and stipulates that any payments received under this Agreement are in lieu of other claims or rights), 5.2 (regarding withholding), and 5.2 5.3 (requiring the execution of a waiver and release by the Executive).

Appears in 5 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

Basic Severance Benefits. The benefits described in Sections Section 1.1, 1.2, and 1.3 below are subject to the limitations set forth in Sections 5.1 (regarding withholding), and 5.2 (requiring the execution of a waiver and release by the Executive) and Section 5.3 (requiring a Harmful Activity forfeiture and clawback).

Appears in 4 contracts

Samples: Change of Control Agreement (Keycorp /New/), Change of Control Agreement (Keycorp /New/), Change of Control Agreement (Keycorp /New/)

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Basic Severance Benefits. The benefits described in Sections 1.1, 1.2, and 1.3 below are subject to the limitations set forth in Sections 5.1 (which requires an election among applicable agreements providing severance benefits if more than one such agreement would apply in the particular circumstances of the termination of the Executive's employment and stipulates that any payments received under this Agreement are in lieu of other claims or rights), 5.2 (regarding withholding), and 5.2 5.3 (requiring the execution of a waiver and release by the Executive).

Appears in 2 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

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