Common use of Separation Benefits Clause in Contracts

Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death or By Disability (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any time, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits”):

Appears in 7 contracts

Samples: Amended Executive Employment Agreement (Credence Systems Corp), Amended Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp)

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Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death or By Disability (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any time, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits):

Appears in 5 contracts

Samples: Employment Agreement, Executive Employment Agreement (Credence Systems Corp), Executive Employment Agreement (Credence Systems Corp)

Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death Cause or By Disability (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any timeDisability, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits”):Benefits if his employment is terminated prior to the end of the Term:

Appears in 1 contract

Samples: Executive Succession Agreement (Credence Systems Corp)

Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death or By Disability (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any time, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits”):) or if the Company fails to continue Executive’s employment following the end of the Term:

Appears in 1 contract

Samples: Executive Employment Agreement (Credence Systems Corp)

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Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death or By Disability Cause (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any time, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits”):

Appears in 1 contract

Samples: Executive Employment Agreement (Credence Systems Corp)

Separation Benefits. Except in situations where the employment of Executive is terminated For Cause, By Death Death, By Disability, or By Disability (as defined in Section IV below), in the event that the Company terminates Executive’s employment at any timeFollowing a Change of Control, Executive will be eligible to receive the following benefits (collectively, “Separation Benefits”):) if his employment as Chief Executive Officer is terminated prior to the end of the Term or if the Company fails to continue Executive’s employment following the end of the Term:

Appears in 1 contract

Samples: Amended Executive Employment Agreement (Credence Systems Corp)

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