Common use of Company's Covenants Summarized Clause in Contracts

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Stanley Works), Severance Agreement (Piedmont Natural Gas Co Inc)

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Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof's continued employment, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinin this Agreement. Except as provided in Section 10.1 hereof8.1 of this Agreement, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence ofof Section 5.1, there shall be deemed to have been)

Appears in 2 contracts

Samples: Change in Control Agreement (Kaman Corp), Employment Agreement (Kaman Corp)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence ofof Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive’s employment with the Company following

Appears in 2 contracts

Samples: Change in Control Severance Agreement (CF Industries Holdings, Inc.), Change in Control Severance Agreement (CF Industries Holdings, Inc.)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s 's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except This Agreement shall not be construed as provided creating an express or implied contract of employment and, except as otherwise agreed in Section 10.1 hereofwriting between the Executive and the Company, no Severance Payments the Executive shall not have any right to be payable under this Agreement unless there shall have been (or, under retained in the terms employ of the second sentence ofCompany.

Appears in 2 contracts

Samples: Severance Agreement (HSB Group Inc), Severance Agreement (Hartford Steam Boiler Inspection & Insurance Co)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 hereofSections 5.4 or 9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of

Appears in 1 contract

Samples: Change in Control Severance Agreement (Emc Corp)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Retention Payments, the Severance Payments Payments, and the other payments and benefits described herein. Except This Agreement shall not be construed as provided creating an express or implied contract of employment and, except as otherwise agreed in Section 10.1 hereofwriting between the Executive and the Company, no Severance Payments the Executive shall not have any right to be payable under this Agreement unless there shall have been (or, under retained in the terms employ of the second sentence ofCompany or any Subsidiary or Affiliate.

Appears in 1 contract

Samples: Retention and Severance Agreement (Waddell & Reed Financial Inc)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of agree to employment with the Company and in consideration of the Executive’s covenants set forth in Section Sections 4 and 7 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments Payments. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the other payments and benefits described herein. Except as provided Company, the Executive shall not have any right to be retained in Section 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms employ of the second sentence ofCompany.

Appears in 1 contract

Samples: Severance Agreement (Adesa Inc)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s 's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence ofof Section 6.1 hereof, there shall be deemed to have been)

Appears in 1 contract

Samples: Control Agreement (Ferro Corp)

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Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s 's covenants set forth in Section 4 hereofnoted above, the Company agrees, under the conditions described herein, to will pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 hereof, no No Severance Payments shall will be payable under this Agreement unless there shall is Qualifying Termination. This Agreement will not be construed as creating an express or implied contract of employment and, except as otherwise agreed to in writing between the Executive and the Company, the Executive will not have been (or, under any right to be retained in the terms employ of the second sentence ofCompany. 4.

Appears in 1 contract

Samples: Talen Energy Supply, LLC

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof's continued employment, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinin this Agreement. Except as provided in Section 10.1 hereof8.1 of this Agreement, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence ofof Section 5.1, there shall be deemed to have been) a termination of the Executive's employment with the Company

Appears in 1 contract

Samples: Employment Agreement (Kaman Corp)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments or Change in Control Severance Payments and the other payments and benefits described herein. Except This Agreement shall not be construed as provided creating an express or implied contract of employment and, except as otherwise agreed in Section 10.1 hereofwriting between the Executive and the Company, no Severance Payments the Executive shall not have any right to be payable under this Agreement unless there shall have been (or, under retained in the terms employ of the second sentence ofCompany.

Appears in 1 contract

Samples: Severance Agreement (Armstrong World Industries Inc)

Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s 's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence ofin

Appears in 1 contract

Samples: Severance Agreement (Syncor International Corp /De/)

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