Severance Agreements. In the event any Newco Group Employee is eligible for severance benefits on account of a termination of employment on or after the Effective Time, Newco shall require such employee, as a condition of receiving severance benefits, to agree in writing to a release of existing claims and confidentiality and non-solicitation provisions in favor of Newco, Vornado, and JBG, in a form substantially the same as Schedule 7.2(b); provided that for a Newco Group Employee who is subject to an individual employment or severance agreement or arrangement, the release of claims shall be as set forth in such individual employment or severance agreement or arrangement.
Severance Agreements. (a) In the event of the termination of employment of the Executive by Horizon for any reason whatsoever other than for Cause (as defined in Section 2 hereof) at any time in the twelve (12) month period after the occurrence of a Change of Control or in the event of the termination of employment of the Executive by the Executive with Good Reason (as defined in Section 3 hereof) at any time in the twelve (12) month period after the occurrence of a Change of Control:
Severance Agreements. Any discussions that could lead to a severance agreement between the College and a contracted faculty member where the severance agreement creates an exception to, or requires a waiver of the LCCEA Agreement, shall only occur in the presence of an Association representative, and said severance agreements shall be agreed upon by the employee, the College and the Association. All written severance agreements must be reviewed by the Association for consistency with the contract prior to College approval.
Severance Agreements. The Borrowers shall not enter into any severance agreement (a “Severance Agreement”) with, or similar arrangement providing for the payment of money or other consideration (a “Severance Payment”) to, any current or former employee in connection with the termination (under any circumstances) of such employee’s employment with a Borrower without the Agents’ prior written consent, which shall not be unreasonably withheld or delayed, provided that a Borrower may enter into a Severance and Release Agreement (a “Release”) which is contemplated by and executed in connection with a Severance Agreement existing on the date hereof, so long as such Release does not expand the rights of any employee under the related Severance Agreement. The Borrowers will promptly deliver to the Agents copies of all Releases reasonably requested by the Agents or CBW and will not make any Severance Payments or enter into any Release without first providing 5 Business Days’ prior written notice to the Agents. The Borrowers will not make any discretionary non-contractual Severance Payments without the Agents’ prior written consent.
Severance Agreements. In the event Owner desires to sell or otherwise transfer at least one (1), but less than all, of the Golf Courses (in whole but not in part) to a third party or to an affiliate of Owner, then the Parties shall enter into a Severance Agreement with respect to such Golf Course, in accordance with the following provisions:
Severance Agreements. Parent has reviewed and is familiar with -------------------- the terms and provisions of the severance plan described on Schedule 5.5(b). Parent acknowledges that the transactions contemplated by this Agreement will constitute a "transaction change" for purposes of such severance plan and that, in consequence, the severance provisions there set forth will be applicable following the consummation of the Offer.
Severance Agreements. No Shareholder is a party -------------------- to any severance or similar arrangement in respect of any of the Personnel.
Severance Agreements. Each of Xxxx X. Xxxxxxxxx, Xxxx Xxxxxxx, Xxxxxx Xxxxx, and Xxxxxxx Xxxxxxxx shall have entered into an Severance Agreement with Parent, and each such Severance Agreement shall be in full force and effect.
Severance Agreements. 35 (n) OPTION CANCELLATION AGREEMENTS............................36 PAGE
Severance Agreements. CRA shall, prior to or on the Closing Date, amend the Severance Pay Plan, or enter into appropriate agreements, to provide that any Person who has entered into an Executive Severance Agreement shall be excluded from, and shall not be entitled to, without limitation, any payments or benefits under the Severance Pay Plan.
