Effect of the Separation on Severance. United Online and FTD acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any FTD Participant for purposes of any policy, plan, program or agreement of any member of the UOL Entities or FTD Entities that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.
Appears in 4 contracts
Samples: Employee Matters Agreement (United Online Inc), Employee Matters Agreement (FTD Companies, Inc.), Employee Matters Agreement (FTD Companies, Inc.)
