Compensation Other Than Severance Payment. During the Term of this Agreement, including during the Protection Period, the Executive’s Employment Agreement shall remain operative in all respects (including, but not limited to, the Executive’s right to continue to enjoy the compensation and benefits set forth in the Employment Agreement); provided, however, that in the case of a Qualifying Termination during the Protection Period, Section 6 of this Agreement shall replace in its entirety (i) Section 11 of the Employment Agreement, and (ii) any compensation and benefits that would otherwise be payable during the notice period set forth in Section 3 of the Employment Agreement.
Appears in 3 contracts
Samples: Control Severance Agreement (Veoneer, Inc.), Change in Control Severance Agreement (Veoneer, Inc.), Change in Control Severance Agreement (Veoneer, Inc.)
Compensation Other Than Severance Payment. During Except as otherwise provided in this Section 5, during the Term of this Agreement, including during the Protection Period, the Executive’s Employment Agreement shall remain operative in all respects (including, but not limited to, the Executive’s right to continue to enjoy the compensation and benefits set forth in the Employment Agreement); provided, however, that in the case of a Qualifying Termination during the Protection Period, Section 6 of this Agreement shall replace in its entirety (i) Section 11 of the Employment Agreement, and (ii) any compensation and benefits that would otherwise be payable during the notice period set forth in Section 3 of the Employment Agreement.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Autoliv Inc)