Common use of Severance and Other Payments Clause in Contracts

Severance and Other Payments. a. If the Executive's employment pursuant to this Agreement is terminated for "cause" (pursuant to paragraph 5(a)) or due to the death or disability (as determined pursuant to paragraph 5(e) of this Agreement) of the Executive, the Company shall not be obligated to pay or provide any severance compensation or benefits to the Executive.

Appears in 4 contracts

Samples: Employment Agreement (Diversified Corporate Resources Inc), Employment Agreement (Diversified Corporate Resources Inc), Employment Agreement (Safeguard Security Holdings, Inc.)

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Severance and Other Payments. a. If the Executive's ’s employment pursuant to this Agreement is terminated for "cause" (pursuant to paragraph 5(a)) or due to the death or disability (as determined pursuant to paragraph 5(e) of this Agreement) of the Executive, the Company shall not be obligated to pay or provide any severance compensation or benefits to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Diversified Corporate Resources Inc), Employment Agreement (Diversified Corporate Resources Inc)

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Severance and Other Payments. a. If the Executive's employment pursuant to this Agreement is terminated for "cause" (pursuant to paragraph 5(a)as herein defined) or due to the death or disability (as determined pursuant to paragraph 5(e) of this Agreement) of the Executive, the Company shall not be obligated to pay or provide any severance compensation or benefits to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Diversified Corporate Resources Inc), Employment Agreement (Diversified Corporate Resources Inc)

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