Common use of Severance Payments Upon Termination of Employment Clause in Contracts

Severance Payments Upon Termination of Employment. (a) If the Executive is entitled to benefits pursuant to Section 2.1, the Company shall pay or provide to the Executive as a severance payment (the “Severance Payment”), in lieu of any further compensation or other amounts and in settlement and complete release of all claims the Executive may have against the Company, the following:

Severance Payments Upon Termination of Employment. (a) If the Executive is entitled to benefits pursuant to Section 2.1, the Company shall pay or provide to the Executive as a severance payment (the “"Severance Payment”"), in lieu of any further compensation or other amounts and in settlement and complete release of all claims the Executive may have against the Company, the following: