Common use of Severance Policy and Other Agreements Clause in Contracts

Severance Policy and Other Agreements. (a) With -------------------------------------- respect to any officer who is covered by a severance policy separate from the standard severance policy for the Company's employees (which separate severance policy is described in the Company Letter), Parent shall maintain (or shall cause Sub to maintain) such separate policy as in effect as of the Effective Time until the first anniversary of the Effective Time, and, as to all other officers and employees, Parent shall maintain (or shall cause to be maintained) the Company's standard severance policy as in effect as of the Effective Time for a period of at least six months from the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Curtis Helene Industries Inc /De/), Agreement and Plan of Merger (Curtis Helene Industries Inc /De/), Agreement and Plan of Merger (Conopco Acquisition Co Inc)

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Severance Policy and Other Agreements. (a) With -------------------------------------- respect to any officer who is covered by a severance policy separate from the standard severance policy for the Company's employees (which separate severance policy is described in Item 6.09 of the Company Disclosure Letter), Parent shall maintain (or shall cause Sub the Surviving Company to maintain) such separate policy as in effect as of the Effective Time until the first anniversary of the Effective Time, and, as to all other officers and employees, Parent shall maintain (or shall cause to be maintained) the Company's standard severance policy as in effect as of the Effective Time for a period of at least six months from the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Chicago Dock & Canal Trust), 6 Agreement and Plan of Merger (Chicago Dock & Canal Trust)

Severance Policy and Other Agreements. (a) With -------------------------------------- respect to any officer who is covered by a severance policy separate from the standard severance policy for the Company's employees (which separate severance policy is described in the Company Letter), Parent shall maintain (or shall cause Sub to maintain) such separate policy as in effect as of the Effective Time until the first anniversary of the Effective Time, and, as to all other officers and employees, Parent shall maintain (or shall cause to be maintained) the Company's standard severance policy as in effect as of the Effective Time for a period of at least six months from the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gidwitz Ronald J)

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Severance Policy and Other Agreements. (a) With -------------------------------------- respect ------------------------------------- to any officer or employee who is covered by a severance policy or plan separate from the standard severance policy for the Company's employees (which separate severance policy or plan is described in item 7.14 of the Company Letter), Parent shall maintain (or shall cause Sub to maintainbe maintained) such separate policy or plan as in effect as of the Effective Time until the first anniversary of the Effective Timedate hereof, and, as to all other officers and employees, Parent shall maintain (or shall cause to be maintained) the Company's standard severance policy as in effect as of the Effective Time date hereof for a period of at least six 12 months from the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Owens Corning)

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