Executive Severance Agreement Sample Clauses

Executive Severance Agreement. “Executive Severance Agreement” means the Executive Severance Agreement between the Company and Executive dated as of even date herewith.

Executive Severance Agreement. If Optionee has executed an Executive Severance Agreement with the Company, the Option will be Vested in accordance with the terms of the Executive Severance Agreement if Optionee becomes entitled to the receipt of "Severance Benefits," as set forth in that Executive Severance Agreement and sixteen (16) days have passed following the execution of a standard form of "Waiver & Release" of claims and compliance with the "Conditions" by Optionee as set forth in the Company's standard Executive Severance Agreement.

Executive Severance Agreement. Executive shall be entitled to a change in control benefit with Covalent the terms of which are set forth on Exhibit C.

Executive Severance Agreement. The Employer and the Executive hereby terminate the Severance Agreement in accordance with its terms.

Executive Severance Agreement. The Executive Severance Agreement entered into between the Company and the Executive as of February 3, 1999.

Executive Severance Agreement. The Parties agree that the terms of this Agreement substantially comply with the requirements of the Executive Severance Agreement, and the Executive Severance Agreement will no longer be of independent force and effect. Neither Party will have any further obligations thereunder; except that, if a change of control of the Company occurs after the date hereof, nothing herein is intended to waive any additional amount that could be payable to Employee under the terms of the Executive Severance Agreement, to the extent such additional amount arises out of a change of control of the Company.

Executive Severance Agreement. Simultaneous with the execution of this Agreement, and as a condition of the Executive’s willingness to agree to the restrictions described herein, the Company and the Executive are executing an Executive Severance Agreement that provides certain protections to the Executive.

Executive Severance Agreement. In the event Greehey receives any cash payments under that certain Executive Severance Agreement dated December 15, 1982 between Valero and Greehey, Valero shall be entitled to credit any cash payments that are made to Greehey pursuant to his Executive Severance Agreement against any cash payments that it is obligated to make under this Agreement. Valero agrees that if remuneration or benefits of any form paid to Greehey by Valero during or after his employment with Valero are excess parachute payments as defined in Section 280G of the Internal Revenue Code of 1986, as amended ("Code"), and are subject to the 20% excise tax imposed by Section 4999 of the Code, Valero shall pay Greehey a bonus no later than seven days prior to the earliest of the due date for the excise tax return or initial estimated payment, in an amount equal to the excise tax payable as a result of the excess parachute payment and any additional federal income taxes (including any additional excise taxes) payable by him as a result of the bonus, assuming that he will be subject to federal income taxes at the highest individual marginal rate. It is the intention of the Parties that the bonus be "grossed up" so that the bonus contains sufficient funds to pay the excise and all additional federal income taxes due as a result of the bonus payment so that Greehey will suffer no detriment from the excise tax payable as a result of the excess golden parachute payments.

Executive Severance Agreement. Xxxxx Xxxxxxxxxxx

Executive Severance Agreement. The Executive Severance Agreement entered into between the Company and the Executive as of February 3, 1999, as amended and restated effective December 31, 2008.