Common use of No Severance Pay Clause in Contracts

No Severance Pay. In the event Executive voluntarily terminates his employment other than due to a Constructive Termination, he will not be entitled to severance pay, pay in lieu of notice or any other such compensation, except as provided in the Key Employee Plan or the Option Acceleration Plan.

Appears in 7 contracts

Samples: Employee Agreement (Peets Coffee & Tea Inc), Key Employee Agreement (Peets Coffee & Tea Inc), Key Employee Agreement for Chairman (Peets Coffee & Tea Inc)

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No Severance Pay. In the event Executive voluntarily terminates his employment other than due to a Constructive Termination, he will not be entitled to severance pay, pay in lieu of notice or any other such compensation, except as provided in the Key Employee Plan or the Option Acceleration Plan.. (C)

Appears in 3 contracts

Samples: Employee Agreement (Peets Coffee & Tea Inc), Tea Key Employee Agreement (Peets Coffee & Tea Inc), Key Employee Agreement (Peets Coffee & Tea Inc)

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