Common use of No Entitlement to Severance Clause in Contracts

No Entitlement to Severance. You acknowledge that the compensation You are receiving is being received solely in exchange for Your promises in this Agreement. You understand that severance pay is not ordinarily available under Company’s policy to employees whose employment relationship ends. You further acknowledge that You have been paid all wages and provided all benefits (including, but not limited to, base salary, bonuses, and paid time off/vacation).

Appears in 5 contracts

Samples: Separation and Transition Agreement (Falconstor Software Inc), Separation and Transition Agreement (Falconstor Software Inc), Separation Agreement and General Release (Falconstor Software Inc)

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No Entitlement to Severance. You acknowledge that the compensation You are receiving severance pay is being received solely in exchange for Your promises in this Agreement. You understand that severance pay is not ordinarily available under Company’s policy to employees whose employment relationship ends. You further acknowledge that You have been paid all wages and provided all benefits (including, but not limited to, base salary, bonuses, and paid time off/vacation).

Appears in 1 contract

Samples: Separation Agreement and Mutual Release (Falconstor Software Inc)

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No Entitlement to Severance. You acknowledge that the compensation You are receiving severance pay is being received solely in exchange for Your promises in this Agreement. You understand that severance pay is not ordinarily available under Company’s 's policy to employees whose employment relationship ends. You further acknowledge that You have been paid all wages and provided all benefits (including, but not limited to, base salary, bonuses, and paid time off/vacation).

Appears in 1 contract

Samples: Separation Agreement and General Release (Falconstor Software Inc)

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