Common use of Termination of Employment Prior to Executive Becoming Eligible Clause in Contracts

Termination of Employment Prior to Executive Becoming Eligible. In the event that Executive’s employment with the Company shall be terminated for any reason prior to Executive’s becoming Eligible, it is hereby agreed that the Company shall have no obligation under this Agreement of any nature whatsoever and that Executive’s rights and the rights of his beneficiary or beneficiaries hereunder shall be completely and totally forfeited.

Appears in 3 contracts

Samples: Executive Supplemental Retirement Agreement (Lamson & Sessions Co), Supplemental Retirement Agreement (Lamson & Sessions Co), Executive Supplemental Retirement Agreement (Lamson & Sessions Co)

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Termination of Employment Prior to Executive Becoming Eligible. In the event that Executive’s 's employment with the Company shall be terminated for any reason prior 7 to Executive’s 's becoming Eligible, it is hereby agreed that the Company shall have no obligation under this Agreement of any nature whatsoever and that Executive’s 's rights and the rights of his beneficiary or beneficiaries hereunder shall be completely and totally forfeited.

Appears in 1 contract

Samples: Supplemental Retirement Agreement (Lamson & Sessions Co)

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