Common use of Description of Severance Benefits Clause in Contracts

Description of Severance Benefits. Subject to, and to the extent applicable, the payment distribution rules applicable to “specified employees” (as defined in Code section 409A) set forth in Section 6.12 herein, in the event that the Executive incurs a Qualifying Termination, the Company shall pay to the Executive and provide the Executive the following:

Appears in 4 contracts

Samples: Compensation and Benefits Assurance Agreement (Jack in the Box Inc /New/), Compensation and Benefits Assurance Agreement (Jack in the Box Inc /New/), Compensation and Benefits (Jack in the Box Inc /New/)

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Description of Severance Benefits. Subject to, and to the extent applicable, the payment distribution rules applicable to “specified employees” (as defined in Code Treasury Regulation section 409A1.409A) set forth in Section 6.12 6.13 herein, in the event that the Executive incurs a Qualifying Termination, the Company shall pay to the Executive and provide the Executive the following:

Appears in 2 contracts

Samples: Compensation and Benefits Assurance Agreement (Jack in the Box Inc /New/), Benefits Assurance Agreement (Jack in the Box Inc /New/)

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Description of Severance Benefits. Subject to, and to the extent applicable, the payment distribution rules applicable to “specified employees” (as defined in Code Treasury Regulation section 409A1.409A) set forth in Section 6.12 herein, in the event that the Executive incurs a Qualifying Termination, the Company shall pay to the Executive and provide the Executive the following:

Appears in 1 contract

Samples: Compensation and Benefits Assurance Agreement (Jack in the Box Inc /New/)

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