Common use of Conditions to Severance Benefits Clause in Contracts

Conditions to Severance Benefits. (a) No severance benefits shall be made under Sections 4(a) and (b) unless and until the Executive shall, in consideration of such benefits, execute a full waiver and release of all claims in a form provided by the Company. (b) The Executive acknowledges and agrees that he or she is not entitled to any severance or change in control benefits provided under the terms of the 1997 KCI Severance Pay Plan or any similar agreement, plan or arrangement, other than the Company's stock option plans. (c) All payment of severance benefits under this Agreement shall comply with section 409A of the Internal Revenue Code. 7.

Conditions to Severance Benefits. (a) No severance benefits shall be made under Sections 4(a) and (b) unless and until the Executive Employee shall, in consideration of such benefits, execute a full waiver and release of all claims in a the form attached hereto or as otherwise provided by the Company. (b) The Executive Employee acknowledges and agrees that he or she is not entitled to any severance or change in control benefits provided under the terms of the 1997 KCI Severance Pay Plan or any similar agreement, plan or arrangement, other than the Company's stock option plans. (c) All payment of severance benefits under this Agreement shall comply with section 409A of the Internal Revenue Code. 7.

Conditions to Severance Benefits. (a) No severance benefits shall be made under Sections 4(a) and (b) unless and until the Executive shall, in consideration of such benefits, execute a full waiver and release of all claims in a form provided by the Company. (b) The b)The Executive acknowledges and agrees that he or she is not entitled to any severance or change in control benefits provided under the terms of the 1997 KCI Severance Pay Plan or any similar agreement, plan or arrangement, other than the Company's stock option plans. (c) All payment of severance benefits under this Agreement shall comply with section 409A of the Internal Revenue Code. 7.