Separation Payments and Benefits. (a) In the event of a Termination as defined in paragraph 4(a) above, the Executive shall receive (and the Company and NAVISTAR, INC. shall be jointly and severally obligated to provide to the Executive) the following separation payments and benefits, the receipt of which (except for payments referenced in paragraphs 5(a)(ii)(E) and 5(a)(ii)(F) below) shall be conditioned on the execution by the Executive of a written release agreement in a form acceptable to the Company and substantially in the form attached hereto as Exhibit B (the “Release”) within forty-five (45) days following the date of Termination (and non-revocation of the Release during the applicable revocation period):
Appears in 3 contracts
Samples: Executive Severance Agreement, Executive Severance Agreement (Navistar International Corp), Executive Severance Agreement (Navistar International Corp)
Separation Payments and Benefits. (a) In the event of a Termination as defined described in paragraph 4(a) above, the Executive shall receive (and the Company and NAVISTAR, INC. shall be jointly and severally obligated to provide to the Executive) the following separation payments and benefits, the receipt payment of which (except for payments referenced in paragraphs 5(a)(ii)(E) and 5(a)(ii)(F) below) shall be conditioned on the execution by the Executive of a written release agreement in a form acceptable to the Company and substantially in the form attached hereto as Exhibit B (the “Release”) within forty-five (45) days following the date of Termination (and non-revocation of the Release during the applicable revocation period):
Appears in 2 contracts
Samples: Executive Severance Agreement (Navistar International Corp), Executive Severance Agreement (Navistar International Corp)
