No Severance Payment Sample Clauses
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No Severance Payment. In accordance with the terms and conditions of Section 7(a) of the Employment Agreement, ▇▇▇▇▇▇▇▇ shall be entitled to payment of the unpaid amount of his Base Salary through the Termination Date in full satisfaction of any and all severance compensation and benefits or any other claims for compensation and benefits (including, but not limited to, under the 2014 and 2015 LTIP Cash Incentive Agreements) which ▇▇▇▇▇▇▇▇ may have or allege against the Company Group, other than (w) payment of ▇▇▇▇▇▇▇▇’▇ seven days of earned but unused vacation pay as of the Termination Date, (x) reimbursement for unreimbursed business expenses incurred prior to the date hereof for which ▇▇▇▇▇▇▇▇ is entitled to reimbursement under applicable policies of the Company, (y) ▇▇▇▇▇▇▇▇’▇ rights under any tax qualified plan, including any 401K plan,, and ▇▇▇▇▇▇▇▇’▇ rights to COBRA coverage and (z) any indemnification, advancement of expense rights pursuant and subject to the Company’s By-Laws and ▇▇▇▇▇▇▇▇’▇ undertaking letter agreement with the Company dated January 12, 2015 (the “Undertaking Agreement”). The Company will continue to provide to the Executive indemnification and director and officer insurance coverage substantially identical to that which the Company provides to its directors and officers, subject to the terms of the Company’s By-Laws and the relevant insurance policies and the Undertaking Agreement.
No Severance Payment. Notwithstanding anything to the contrary in the Existing Partner Agreements, the Limited Partner acknowledges and agrees that he shall not receive the Severance Benefit (as defined in the Existing Partner Agreements).
No Severance Payment. In the event of termination pursuant to Section 5(a)(i), 5(a)(ii) or 5(c)(iii) hereof or the occurrence of the Expiration Date, Employee or Employee's estate shall, on and after the Effective Date of Termination, be entitled to no further payments or benefits under this Employment Agreement except the payment of Base Salary and benefits accrued but unpaid as of the Effective Date of Termination.