Common use of Compensation During the Transition Period Clause in Contracts

Compensation During the Transition Period. Upon the Officer’s Qualifying Termination of Employment, and provided the Officer complies with the terms of this Agreement (including the requirements of Section 7) and the terms of the Executive Covenant Agreement, the Officer, or the Officer’s estate in the event of the Officer’s death, will receive during the Transition Period compensation and cash in lieu of employee benefits as provided on Exhibit 5(a), attached hereto and incorporated herein by this reference.

Appears in 2 contracts

Samples: Executive Agreement (Micron Technology Inc), Executive Agreement (Micron Technology Inc)

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Compensation During the Transition Period. Upon the Officer’s Qualifying Termination of Employment, and provided Provided the Officer complies with the terms of this Agreement (including the requirements of Section 7) and the terms of the Executive Covenant Noncompete Agreement, the Officer, or the Officer’s 's estate in the event of the Officer’s 's death, will receive during the Transition Period compensation and cash in lieu of employee benefits as provided on Exhibit 5(a), attached hereto and incorporated herein by this reference.

Appears in 2 contracts

Samples: Severance Agreement (Micron Technology Inc), Severance Agreement (Micron Technology Inc)

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Compensation During the Transition Period. Upon the Officer’s Qualifying Termination of Employment, and provided the Officer complies with the terms of this Agreement (including the requirements of Section 7) and the terms of the Executive Covenant Noncompete Agreement, the Officer, or the Officer’s estate in the event of the Officer’s death, will receive during the Transition Period compensation and cash in lieu of employee benefits as provided on Exhibit 5(a), attached hereto and incorporated herein by this reference.

Appears in 1 contract

Samples: Severance Agreement (Micron Technology Inc)

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