OTHER SEVERANCE AGREEMENTS Sample Clauses

OTHER SEVERANCE AGREEMENTS. Any severance payments provided to the Executive under Section 4 hereof, shall be offset by the dollar amount of any other cash severance payments to which the Executive is entitled under any other severance or termination pay plan, policy or agreement with the Company or its affiliates.
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OTHER SEVERANCE AGREEMENTS. The Employee and the Company have entered into an agreement, dated February 7, 1991, which provides for certain benefits to be paid to the Employee upon certain terminations of Employee's employment with the Company. Such agreement shall remain in full force and effect except that it shall be superceded by this Agreement during the Employment Period.
Sample 1
OTHER SEVERANCE AGREEMENTS. Any severance payments provided to the Employee under Section 4 hereof shall be offset by the dollar amount of any other cash severance payments to which the Employee is entitled under any other severance or termination pay plan, policy or agreement with the Company or its affiliates (including, without limitation, the severance or termination pay plans, policies and agreements of Red Lion Hotels, Inc.).
Sample 1
OTHER SEVERANCE AGREEMENTS. This Agreement is not intended to, and shall not, in any way supersede, amend or affect the Executive's Severance Agreement, dated as of June 30, 1995 with the Company (the "Existing Severance Agreement"), as the Existing Severance Agreement is being amended concurrently herewith. However, in no event shall the Executive receive payments or other benefits under both the Existing Severance Agreement and this Agreement. In the event that the Executive becomes entitled to receive severance payment or other benefits under both the
Sample 1
OTHER SEVERANCE AGREEMENTS. This Agreement is not intended to, and shall not, in any way supersede, amend or affect the Executive's Severance Agreement, dated as of June 30, 1995 with the Company (the "Existing Severance Agreement"), as the Existing Severance Agreement is being amended concurrently herewith. However, in no event shall the Executive receive payments or other benefits under both the Existing Severance Agreement and this Agreement. In the event that the Executive becomes entitled to receive severance payment or other benefits under both the Existing Severance Agreement and under this Agreement, the Executive may elect which agreement shall apply for all purposes, including payments and benefits (but, e.g., may not elect one particular benefit under one agreement and another benefit under the other agreement) by filing a written election with the Company at any time before the Executive receives his first severance payment under either of such agreements.
Sample 1
OTHER SEVERANCE AGREEMENTS. The Employee and the Company have entered into an agreement, dated ____________, which provides for certain benefits to be paid to the Employee upon certain terminations of Employee's employment with the Company. Such agreement shall remain in full force and effect except that it shall be superseded by this Agreement during the Employment Period.
Sample 1

Related to OTHER SEVERANCE AGREEMENTS

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Employment and Consulting Agreements Xxxxxxx X. Xxxx and Xxxx X. Xxxxxx shall have executed and delivered employment agreements with BRI, and Xxxxxx Xxxx shall have executed and delivered a Consulting Agreement with BRI.

  • Termination and Severance Executive shall be entitled to receive benefits upon termination of employment only as set forth in this Section 4:

  • Termination and Severance Pay A. In the event Employee is terminated by the Board before the expiration of the term of this agreement without just cause, and during that time Employee is willing and able to perform his duties under this Agreement, the Board shall continue to pay Employee's salary for a period of four (4) months after the date of termination (the "Severance Period") and shall continue Employee's then current health insurance coverage for a period of four (4) months. In the event Employer is not able to maintain Employee's health insurance coverage pursuant to the terms of the Township health insurance plan, then Employer shall pay to Employee, for a period of four (4) months, the cost of health insurance premiums at a rate that will continue substantially similar health benefits for Employee and Employee's family, if applicable, as provided under the then current township health insurance plan. In addition, the Board shall pay the cash value of any accrued vacation time. All of the above shall hereinafter be referred to as the Severance Compensation. The parties agree that this Severance Compensation shall constitute Employee's sole and exclusive remedy for termination without just cause B. In the event Employee is terminated by the Board before the expiration of the term of this agreement with just cause, the Board shall have no obligation to pay the Severance Compensation set forth in Section 3A. C. In the event the Board, at any time during the term of this Agreement, reduces the salary or other financial benefits of Employee in a greater percentage than an applicable across- the-board reduction for all employees of the Board, or in the event the Board refuses, following written notice, to comply with any other provision benefiting Employee herein, or Employee resigns following a written request by the Board that he resign, then, in that event, Employee may, at his option, be deemed to be "terminated without just cause" as of the date of such reduction, refusal to comply, or written request and Employee shall be entitled to the Severance Compensation as set forth in Section 3A. as if he were terminated without cause. For the purposes of this paragraph, the Board's failure to grant Employee a raise equivalent to that given any or all other Township Employees shall not be deemed a "reduction" as provided herein. D. In the event Employee desires to voluntarily resign his position with the Board before the expiration of the above term of this employment, then Employee shall give the Board thirty (30) days notice in advance, unless the parties agree otherwise in writing. In the event the Employee voluntarily resigns his position, he shall not be entitled to the severance pay provisions contained in Section 3A hereof. E. For the purposes of Section 3. hereof, "just cause" shall mean the following: (a) The Employee is convicted of a felony; (b) The Employee has failed or neglected to carry out his duties hereunder in any material and significant respect, or has been guilty of misfeasance, malfeasance, or nonfeasance in office for a period of thirty (30) days after written notice to him from the Board specifying the nature of such failure, neglect, misfeasance, malfeasance, or nonfeasance in office, unless such misfeasance, malfeasance, or nonfeasance is so egregious or of such a nature that it is of a criminal nature or it cannot be corrected. F. If the Employee is permanently disabled or is otherwise unable to perform his duties because of sickness, accident, injury, mental incapacity or health for a period of eight successive weeks beyond any accrued sick leave and vacation time, the Board shall have the option to terminate this Agreement, and Employee shall receive the Severance Compensation set forth under Paragraph 3A. above.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

  • Letter Agreements The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreements executed and will not allow any amendments to, or waivers of, such Letter Agreements without the prior written consent of the Representative.

  • Employment and Non-Competition Agreements The Employment and Non-Competition Agreements described in SECTION 6.2 hereof shall have been duly executed and delivered by all parties thereto and shall be in full force and effect.

  • Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Consulting Agreements Buyer shall have entered into the Consulting Agreements with the Shareholders.

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