Common use of Severance Benefits Upon Certain Terminations Clause in Contracts

Severance Benefits Upon Certain Terminations. Should your employment with Broadcom be terminated by you in a Notice of Termination specifying Good Reason, or should such employment be terminated by Broadcom in a Notice of Termination specifying no reason or a reason other than (i) Cause or (ii) your Disability, and in either instance your employment is not otherwise terminated automatically as a result of your death, then Broadcom shall make the payments and provide the benefits described below, provided that with respect to certain of those benefits, there is compliance with each of the following requirements (the “Severance Benefit Requirements”): (i) you deliver the general release required under Section 2 of this Appendix II (the “Required Release”) within the applicable time period following your Date of Termination, (ii) the Required Release becomes effective in accordance with applicable law following the expiration of any applicable revocation period, (iii) you comply with each of the restrictive covenants set forth in Section 4 of this Appendix II, and (iv) you are and continue to remain in material compliance with your obligations to Broadcom under your Confidentiality and Invention Assignment Agreement. The payments and benefits to which you will become entitled if all the Severance Benefits Requirements are satisfied are as follows:

Appears in 3 contracts

Samples: Employment Agreement (Broadcom Corp), Employment Agreement (Broadcom Corp), Employment Agreement (Broadcom Corp)

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