Common use of Severance Compensation Agreement Clause in Contracts

Severance Compensation Agreement. Subject to the terms and conditions of the Severance Compensation Agreement, (a) the Company agrees to pay the Executive the severance payments and to provide the Executive with the other benefits described in Section 2 of the Severance Compensation Agreement, to provide the Executive with the rights described in Section 3 of the Severance Compensation Agreement, and to otherwise comply with the provisions of the Severance Compensation Agreement, as the case may be, and (b) the Executive agrees to comply with the confidentiality and noncompetition covenants in Section 8 of the Severance Compensation Agreement and to otherwise comply with the provisions of the Severance Compensation Agreement.