Common use of Termination Under the Employment Agreement Clause in Contracts

Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than Disability prior to his Early Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) of the Plan, and shall be paid in accordance with Section 4.9(b) of the Plan.

Appears in 3 contracts

Samples: Amended Participation Agreement (Pride International Inc), Participation Agreement (Pride International Inc), Participation Agreement (Pride International Inc)

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Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than Disability prior to his Early Normal Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) of the Plan, and shall be paid in accordance with Section 4.9(b) of the Plan.

Appears in 1 contract

Samples: Participation Agreement (Pride International Inc)

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