Common use of Entitlement to Severance Clause in Contracts

Entitlement to Severance. Subject to the other terms and conditions of this Agreement, Executive shall be entitled to the Accrued Benefits, and to the severance benefits described in subsection (c), in either of the following circumstances while this Agreement is in effect: (i) Executive’s employment is terminated by Orion without Cause, except in the case of death or Disability; or (ii) Executive terminates his employment with

Appears in 3 contracts

Samples: Executive Employment and Severance Agreement (Orion Energy Systems, Inc.), Executive Employment and Severance Agreement (Orion Energy Systems, Inc.), Executive Employment and Severance Agreement (Orion Energy Systems, Inc.)

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Entitlement to Severance. Subject to the other terms and conditions of this Agreement, Executive shall be entitled to the Accrued Benefits, and to the severance benefits Severance Payment described in subsection (c), in either of the following circumstances while this Agreement is in effect: (i) Executive’s employment is terminated by Orion without Cause, except in the case of death or Disability; or (ii) Executive terminates his employment with

Appears in 1 contract

Samples: Executive Employment and Severance Agreement (Orion Energy Systems, Inc.)

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