Common use of Duration of Participation Clause in Contracts

Duration of Participation. Executive shall cease to be a Participant in the Plan if he ceases to be an employee of the Company at any time prior to a Change in Control or, if his employment is terminated following a Change in Control under circumstances where he is not entitled to severance benefits under the terms of this Plan. If executive is entitled to payment of a Severance Benefit, he shall remain a Participant in the Plan until the full amount of the Severance Benefit has been paid to him. SCHEDULE A (CONT)

Appears in 2 contracts

Samples: Employment Agreement (Paragon Trade Brands Inc), Employment Agreement (Paragon Trade Brands Inc)

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Duration of Participation. Executive shall cease to be a Participant in the Plan if he ceases to be an employee of the Company at any time prior to a Change in Control or, if his employment is terminated following a Change in Control under circumstances where he is not entitled to severance benefits under the terms of this Plan. If executive Executive is entitled to payment of a Severance Benefit, he shall remain a Participant in the Plan until the full amount of the Severance Benefit has been paid to him. SCHEDULE A Schedule B (CONT)

Appears in 1 contract

Samples: Employment Agreement (Paragon Trade Brands Inc)

Duration of Participation. Executive shall cease to be a Participant in the Plan if he ceases to be an employee of the Company at any time prior to a Change in Control or, if his employment is terminated following a Change in Control under circumstances where he is not entitled to severance benefits under the terms of this Plan. If executive Executive is entitled to payment of a Severance Benefit, he shall remain a Participant in the Plan until the full amount of the Severance Benefit has been paid to him. SCHEDULE A (CONT)

Appears in 1 contract

Samples: Employment Agreement (Paragon Trade Brands Inc)

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Duration of Participation. Executive shall cease to be a Participant in the Plan if he she ceases to be an employee of the Company at any time prior to a Change in Control or, if his her employment is terminated following a Change in Control under circumstances where he she is not entitled to severance benefits under the terms of this Plan. If executive is entitled to payment of a Severance Benefit, he she shall remain a Participant in the Plan until the full amount of the Severance Benefit has been paid to himher. SCHEDULE A (CONT)

Appears in 1 contract

Samples: Employment Agreement (Paragon Trade Brands Inc)

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