Common use of No Severance Clause in Contracts

No Severance. The severance pay and benefits provided for in this Section 11 shall be in lieu of any other severance or termination pay to which the Employee may be entitled under any Company severance or termination plan, program, practice or arrangement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Cereus Technology Partners Inc), Executive Employment Agreement (Verso Technologies Inc), Executive Employment Agreement (Verso Technologies Inc)

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No Severance. The severance pay and benefits provided for in this Section 11 10 shall be in lieu of any other severance or termination pay to which the Employee may be entitled under any Company severance or termination plan, program, practice or arrangement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Verso Technologies Inc), Executive Employment Agreement (World Access Inc /New/)

No Severance. The severance pay and benefits provided for in this Section 11 10 shall be in lieu of any other severance or termination pay to which the Employee may be entitled under any Company severance or termination plan, program, practice or arrangement.

Appears in 1 contract

Samples: Executive Employment Agreement (Verso Technologies Inc)

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No Severance. The severance pay and benefits provided for in this Section 11 10 shall be in lieu of any other severance or termination pay to which the Employee may be entitled under any Company severance or termination plan, program, practice or arrangement.Employee

Appears in 1 contract

Samples: Executive Employment Agreement (Cereus Technology Partners Inc)

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