Common use of Other Severance Payments Clause in Contracts

Other Severance Payments. The benefits payable to the Executive hereunder following a Change of Control, in accordance with the provisions of Section 2 above, are in lieu of any severance payments due the Executive pursuant to the provisions of any employment agreement between the Company and the Executive, except, however, that in all events the Company shall continue to pay to the Executive in accordance with the provisions of any such employment agreement all Base Salary and Bonus accrued to the effective date of termination of the Executive's employment, in addition to any amounts payable to the Executive pursuant to Section 2 of this Agreement.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (National Dentex Corp /Ma/), Change of Control Severance Agreement (National Dentex Corp /Ma/)

AutoNDA by SimpleDocs

Other Severance Payments. The benefits payable to the Executive hereunder following a Change of Control, in accordance with the provisions of Section 2 above, are in lieu of any severance payments due the Executive pursuant to the provisions of any employment agreement Employment Agreement between the Company and the Executive, except, however, that in all events the Company shall continue to pay to the Executive in accordance with the provisions of any such employment agreement Employment Agreement all Base Salary and Bonus accrued to the effective date of termination of the Executive's employment, in addition to any amounts payable to the Executive pursuant to Section 2 of this Agreement.

Appears in 1 contract

Samples: Change of Control Severance Agreement (National Dentex Corp /Ma/)

AutoNDA by SimpleDocs

Other Severance Payments. The benefits payable to the Executive hereunder following a the Change of Control, in accordance with the provisions of Section 2 above, are in lieu of any severance payments due the Executive pursuant to the provisions of any employment or other agreement between the Company and the Executive, except, however, that in all events the Company shall continue to pay to the Executive in accordance with the provisions of any such employment agreement all Base Salary and Bonus bonus accrued to the effective date of termination of the Executive's employment, in addition to any amounts payable to the Executive pursuant to Section 2 of this Agreement.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Holmes Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!