Common use of Severance Compensation upon a Termination Pursuant to Section 6 Clause in Contracts

Severance Compensation upon a Termination Pursuant to Section 6. 1. Subject to Subsections 6.3 (“Accrued but Unpaid Amounts”) and 6.4 (“No Requirement of Mitigation”) and Section 7 (“Payment Delay Provisions and Parachute Limitations”) in this Agreement, upon a termination of Executive’s employment pursuant to and meeting the applicable conditions of Section 6.1 above (a “Section 6 Termination”), Executive shall become entitled to receive the following severance compensation and benefits:

Appears in 2 contracts

Samples: Employment Agreement (Collectors Universe Inc), Employment Agreement (Collectors Universe Inc)

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Severance Compensation upon a Termination Pursuant to Section 6. 1. Subject to Subsections Subsection 6.3 (“Accrued but Unpaid Amounts”) and Subsection 6.4 (“No Requirement of Mitigation”) and ), Section 7 (“Payment Delay Provisions and Parachute Limitations”) and Section 8 (“Release of Claims”) in this Agreement, upon a termination of Executive’s employment pursuant to and meeting the applicable conditions of Section 6.1 above (a “Section 6 Termination”), Executive shall become entitled to receive the following severance compensation and benefits:

Appears in 1 contract

Samples: Employment Agreement (Collectors Universe Inc)

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Severance Compensation upon a Termination Pursuant to Section 6. 11 or 6.2. Subject to Subsections 6.3 (“Accrued but Unpaid Amounts”) Sections 5.7, 5.8, 6.4, 6.5 and 6.4 (“No Requirement of Mitigation”) and Section 7 (“Payment Delay Provisions and Parachute Limitations”) in this Agreement6.6 hereof, upon a termination of Executive’s employment pursuant to and meeting the applicable conditions of Section 6.1 or 6.2 above (a “Section 6 Termination”), then, in lieu of any further salary or other compensation or benefits that would otherwise be due to Executive under this Employment Agreement, or otherwise, for periods subsequent to the date of such Section 6 Termination, Executive shall become entitled to receive the following severance compensation and benefits:

Appears in 1 contract

Samples: Employment Agreement (Collectors Universe Inc)

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