Common use of Entitlement to Severance Payments Clause in Contracts

Entitlement to Severance Payments. Subject to Section 6(b), if the Executive’s employment terminates due to Executive’s death (pursuant to Section 5(a)(i)), pursuant to a termination without Cause (pursuant to Section 5(a)(iv)), due to Disability (pursuant to Section 5(a)(ii)) or resignation for Good Reason (pursuant to Section 5(a)(v)), then provided that the Executive’s termination of employment constitutes a “separation from service” as defined under Treas. Reg. Section 1.409A-1(h):

Appears in 7 contracts

Samples: Executive Employment Agreement (Beasley Broadcast Group Inc), Executive Employment Agreement (Beasley Broadcast Group Inc), Executive Employment Agreement (Beasley Broadcast Group Inc)

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