Common use of Termination of Employment and Effect of Termination Clause in Contracts

Termination of Employment and Effect of Termination. Either Executive or the Company may terminate this Agreement and Executive’s employment under this Agreement for any or for no reason, either with or without cause, at any time. Executive’s entitlement to severance pay and benefits upon any such termination of employment will be governed by the terms and conditions of the TNS, Inc. Executive Severance Benefit Plan, dated as of March 1, 2012, as may be amended from time to time (the “Executive Severance Benefit Plan”).” For clarity, this modification, among other things, results in the elimination of the excise tax gross-up payment on behalf of the Executive under the Agreement with respect to excess parachute payments under Section 280G of the Internal Revenue Code, and eliminates the continuation of the payment by TNS of club dues as part of the Executive’s severance benefits upon certain terminations from employment.

Appears in 3 contracts

Samples: Employment Agreement (TNS Inc), Employment Agreement (TNS Inc), Employment Agreement (TNS Inc)

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Termination of Employment and Effect of Termination. Either Executive or the Company may terminate this Agreement and Executive’s employment under this Agreement for any or for no reason, either with or without cause, at any time. Executive’s entitlement to severance pay and benefits upon any such termination of employment will be governed by the terms and conditions of the TNS, Inc. Executive Severance Benefit Plan, dated as of March 1, 2012, as may be amended from time to time (the “Executive Severance Benefit Plan”)time.” For clarity, this modification, among other things, results in the elimination of the excise tax gross-up payment on behalf of the Executive under the Agreement with respect to excess parachute payments under Section 280G of the Internal Revenue Code, and eliminates the continuation of the payment by TNS of club dues as part of the Executive’s severance benefits upon certain terminations from employment.

Appears in 1 contract

Samples: Employment Agreement (TNS Inc)

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Termination of Employment and Effect of Termination. Either Executive or the Company may terminate this Agreement and Executive’s employment under this Agreement for any or for no reason, either with or without cause, at any time. Executive’s entitlement to severance pay and benefits upon any such termination of employment will be governed by the terms and conditions of the TNS, Inc. Executive Severance Benefit Plan, dated effective as of March 1, 2012, as may be amended from time to time (the Executive Severance Benefit Plan”).” For clarity, this modification, among other things, results in the elimination of the excise tax gross-up payment on behalf of the Executive under the Agreement with respect to excess parachute payments under Section 280G of the Internal Revenue Code, and eliminates the continuation of the payment by TNS of club dues as part of the Executive’s severance benefits upon certain terminations from employment.

Appears in 1 contract

Samples: Employment Agreement (TNS Inc)

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