Common use of Exclusive Severance Benefits Clause in Contracts

Exclusive Severance Benefits. The making of the payments and the provision of the benefits by the Company to the Executive under Section 4.1(a), Section 4.2(a) or Section 4.2(b) shall constitute the entire obligation of the Company to the Executive as a result of the termination of his employment under the circumstances set forth in such Sections, and the Executive shall not be entitled to additional payments or benefits under any other plan, program, policy, practice, contract or agreement of the Company or its subsidiaries.

Appears in 32 contracts

Samples: Executive Severance Agreement, Executive Severance Agreement (American Superconductor Corp /De/), Executive Severance Agreement (American Superconductor Corp /De/)

AutoNDA by SimpleDocs

Exclusive Severance Benefits. The making of the payments and the provision of the benefits by the Company to the Executive under Section 4.1(a)5.1, Section 4.2(a) 5.2 or Section 4.2(b) 5.3 shall constitute the entire obligation of the Company to the Executive as a result of the termination of his or her employment under the circumstances set forth in such Sections, and the Executive shall not be entitled to additional payments or benefits under any other plan, program, policy, practice, contract or agreement of the Company or its subsidiaries.

Appears in 4 contracts

Samples: Executive Retention Agreement (Dyax Corp), Executive Retention Agreement (Dyax Corp), Executive Retention Agreement (Dyax Corp)

AutoNDA by SimpleDocs

Exclusive Severance Benefits. The making of the payments severance payment and the provision of the benefits by the Company to the Executive under Section 4.1(a), Section 4.2(a) or Section 4.2(b) 4 shall constitute the entire obligation of the Company to the Executive as a result of the termination of his employment under the circumstances set forth in such Sectionsemployment, and the Executive shall not be entitled to additional payments or benefits under any other plan, program, policy, practice, contract or agreement of the Company or its subsidiaries.

Appears in 1 contract

Samples: Employment Transition and Release of Claims Agreement (American Superconductor Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!