Common use of Right to Severance Benefits Clause in Contracts

Right to Severance Benefits. The Executive will be entitled to receive from the Company Severance Benefits, as described in this Article 3 herein, if the Executive satisfies the conditions set forth in this Article 3. Except with respect to the Accrued Obligations (and subject to Section 3.3, as applicable), in no event herein, except as may be required by applicable federal and/or state law, shall the Executive be entitled to receive any other Severance Benefits if the Executive’s employment is terminated (i) for Cause or (ii) due to a voluntary termination without Good Reason.

Appears in 7 contracts

Samples: Executive Change in Control and Indemnity Agreement (Celsius Holdings, Inc.), Executive Change in Control, Severance and Indemnity Agreement (CHURCHILL DOWNS Inc), Executive Change in Control, Severance and Indemnity Agreement (CHURCHILL DOWNS Inc)

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Right to Severance Benefits. The Executive will shall be entitled to receive from the Company Severance Benefits, as described in this Article 3 Paragraph 3.3 herein, if the there has been a Qualifying Termination. The Executive satisfies the conditions set forth in this Article 3. Except with respect to the Accrued Obligations (and subject to Section 3.3, as applicable), in no event herein, except as may be required by applicable federal and/or state law, shall the Executive not be entitled to receive any other Severance Benefits if the Executive’s employment he is terminated (i) for Cause or (ii) due to a voluntary termination without Good ReasonCause.

Appears in 3 contracts

Samples: Executive Severance Agreement (Lee Sara Corp), Executive Severance Agreement (Earthgrains Co /De/), Executive Severance Agreement (Earthgrains Co /De/)

Right to Severance Benefits. The Executive will shall be entitled to receive receive, from the Company Companies, Severance Benefits, Benefits as described in this Article 3 Section 3.3 herein, if the Executive satisfies the conditions set forth there has been a Qualifying Termination as defined in this Article 3. Except with respect to the Accrued Obligations (and subject to Section 3.3, as applicable), in no event herein, except as may be required by applicable federal and/or state law, shall the Executive be entitled to receive any other Severance Benefits if the Executive’s employment is terminated (i) for Cause or (ii) due to a voluntary termination without Good Reasonsection 3.2.

Appears in 2 contracts

Samples: Employment Agreement (First Business Financial Services, Inc.), Employment Agreement (First Business Financial Services, Inc.)

Right to Severance Benefits. The Executive will shall be entitled to receive from the Company Severance Benefits, Benefits described in Section 2.4 herein if the Executive has incurred a Qualifying Termination as described in this Article 3 herein, if the Section 2.3. The Executive satisfies the conditions set forth in this Article 3. Except with respect to the Accrued Obligations (and subject to Section 3.3, as applicable), in no event herein, except as may be required by applicable federal and/or state law, shall the Executive not be entitled to receive any other Severance Benefits if the Executive’s employment he is terminated (i) for Cause Cause, or (ii) if his employment with the Company ends due to death or Disability, or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Severance Agreement (Northrop Grumman Corp)

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Right to Severance Benefits. The Executive will shall be entitled to receive from the Company Severance Benefits, as described in this Article 3 Section 3.3 herein, if a Qualifying Termination of the Executive satisfies the conditions set forth in this Article 3has occurred. Except with respect to the Accrued Obligations (and subject to Section 3.3, as applicable), in no event herein, except as may be required by applicable federal and/or state law, The Executive shall the Executive not be entitled to receive any other Severance Benefits if the Executive’s employment he or she is terminated (i) for Cause Cause, or (ii) if his employment with the Company ends due to death or Disability or due to a voluntary termination of employment by the Executive without Good Reason.

Appears in 1 contract

Samples: Change in Control Agreement (Deere & Co)

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