Common use of Conditions to Severance Clause in Contracts

Conditions to Severance. The payment to White of severance compensation hereunder shall be in full satisfaction and complete discharge of the Company’s obligations to White pursuant to this Agreement, except as provided in paragraphs 4 and 5 below. The severance payment is subject to, conditioned on and provides valuable consideration for the following:

Appears in 3 contracts

Samples: Employment Agreement (Parks America, Inc), Employment Agreement (Parks America, Inc), Employment Agreement (Parks America, Inc)

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Conditions to Severance. The payment to White White’s of severance compensation hereunder shall be in full satisfaction and complete discharge of the Company’s obligations to White pursuant to this Agreement, except as provided in paragraphs 4 and 5 below. The severance payment is subject to, conditioned on and provides valuable consideration for the following:

Appears in 1 contract

Samples: Employment Agreement (Parks America, Inc)

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