Common use of Separation Benefits Clause in Contracts

Separation Benefits. In the event of any termination of employment during the Employment Term other than upon a Qualifying Event, Executive (or his estate, as the case may be) shall be entitled to the benefits set forth below (the “Separation Benefits”): (i) The Accrued Compensation; (ii) The Accrued Benefits; and (iii) Executive shall be entitled to exercise the portion of the Options vested on the date of such termination for the period provided in the Plan and the applicable award agreement.

Appears in 11 contracts

Samples: Employment Agreement (GXS Investments, Inc.), Employment Agreement (GXS Corp), Employment Agreement (GXS International Inc)

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Separation Benefits. In the event of any termination of employment during the Employment Term other than upon a Qualifying Event, Executive (or his estate, as the case may be) shall be entitled to the benefits set forth below (the “Separation Benefits”"SEPARATION BENEFITS"): (i) The Accrued Compensation;; and (ii) The Accrued Benefits; and (iii) Executive shall be entitled to exercise the portion of the Options vested on the date of such termination for the period provided in the Plan and the applicable award agreement.

Appears in 1 contract

Samples: Employment Agreement (Ultra Clean Holdings Inc)

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Separation Benefits. In the event of any termination of employment during the Employment Term other than upon a Qualifying Event, Executive (or his estate, as the case may be) shall be entitled to the benefits set forth below (the “Separation Benefits”"SEPARATION BENEFITS"): (i) The Accrued Compensation; (ii) The Accrued Benefits; and (iii) Executive shall be entitled to exercise the portion of the Options vested on the date of such termination for the period provided in the Plan and the applicable award agreement.

Appears in 1 contract

Samples: Employment Agreement (Ultra Clean Holdings Inc)

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