Severance Entitlement. If the Executive's employment is terminated during the Term under the circumstances described in Section 11(c) hereof, in consideration of the Executive's agreements and covenant set forth in this Agreement including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "Severance Payments"), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(a) hereof.
Appears in 2 contracts
Samples: Employment Agreement (Interpool Inc), Employment Agreement (Interpool Inc)
Severance Entitlement. If (i) the Executive's employment is terminated during the Term under the circumstances described in Section 11(c) hereof, in consideration of the Executive's agreements and covenant set forth in this Agreement including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "Severance Payments"), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(a11(c) hereof.
Appears in 1 contract
Samples: Employment Agreement (Interpool Inc)
Severance Entitlement. If (i) the Executive's ’s employment is terminated during the Term under the circumstances described in Section 11(c) hereof, in consideration of the Executive's agreements and ’s covenant set forth in this Agreement including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "“Severance Payments"”), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(a11(c) hereof.
Appears in 1 contract
Samples: Employment Agreement (Interpool Inc)
Severance Entitlement. If the Executive's employment is terminated during the Term or the Term is not extended by the Company beyond the then current Term under any of the circumstances described in Section 11(c) hereof, in consideration of the Executive's agreements and covenant covenants set forth in this Agreement including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "Severance Payments"), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(a) hereof.
Appears in 1 contract
Samples: Employment Agreement (Interpool Inc)