Severance Payments and Benefits. (a) In lieu of any other cash severance payments to which the Executive may otherwise be entitled (and which other cash severance payments the Executive hereby expressly waives), and subject to the provisions regarding cutback of benefits in certain circumstances as expressly provided in Section 6(h) below, the Company shall pay or provide to the Executive the following amounts (the "Severance Payments") upon the occurrence of a Covered Termination during the Protected Period:
Appears in 4 contracts
Samples: Executive Termination Benefits Agreement (Claiborne Liz Inc), Executive Termination Benefits Agreement (Claiborne Liz Inc), Executive Termination Benefits Agreement (Claiborne Liz Inc)
Severance Payments and Benefits. (a) In lieu of any other cash severance payments to which the Executive may otherwise be entitled under the Employment Agreement or otherwise (and which other cash severance payments the Executive hereby expressly waives), and subject to the provisions regarding cutback of benefits in certain circumstances as expressly provided in Section 6(h) below, the Company shall pay or provide to the Executive the following amounts (the "“Severance Payments"”) upon the occurrence of a Covered Termination during the Protected Period:
Appears in 2 contracts
Samples: Executive Termination Benefits Agreement (Claiborne Liz Inc), Executive Termination Benefits Agreement (Claiborne Liz Inc)
Severance Payments and Benefits. (a) In lieu of any other cash severance payments to which the Executive may otherwise be entitled under the Severance Benefit Agreement or otherwise (and which other cash severance payments the Executive hereby expressly waives), and subject to the provisions regarding cutback of benefits in certain circumstances as expressly provided in Section 6(h) below, the Company shall pay or provide to the Executive the following amounts (the "“Severance Payments"”) upon the occurrence of a Covered Termination during the Protected Period:Period (except with respect to clause (iv) below, which shall be paid at the time as specified therein):
Appears in 1 contract
Samples: Executive Termination Benefits Agreement (Claiborne Liz Inc)