Common use of Executive Severance Benefit Plan Clause in Contracts

Executive Severance Benefit Plan. Executive acknowledges and agrees that he is not an “Eligible Employee” under the Company’s Executive Severance Benefit Plan. Upon a termination of employment, Executive’s rights to receive any severance pay or post-termination benefit continuation will be only as set forth in this Agreement and as otherwise required by applicable law.

Executive Severance Benefit Plan. Executive acknowledges and agrees that he is will not be an “Eligible Employee” under the Company’s Executive Severance Benefit PlanPlan until the Merger Anniversary (as defined below). Upon a termination of employment, Executive’s rights to receive any severance pay or post-termination benefit continuation will be only as set forth in this Agreement and as otherwise required by applicable law.