Common use of Standard Severance Plan Clause in Contracts

Standard Severance Plan. If Executive is terminated involuntarily (i.e., without the consent of Executive) by the Company for any reason other than for Cause (and such termination is not pursuant to a Change of Control) the Executive shall receive the following compensation and benefits from the Company:

Appears in 6 contracts

Samples: Executive Agreement (Complete Production Services, Inc.), Form of Executive Agreement (Complete Production Services, Inc.), Executive Agreement (Varco International Inc)

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