Common use of Termination Which Does Not Require Payment of Termination Benefits Clause in Contracts

Termination Which Does Not Require Payment of Termination Benefits. No Termination Benefits shall be provided by the Company to the Executive under this Section 3 if the Executive’s employment is terminated: (a) By his death; or (b) By the Executive other than for Good Reason (e.g., by retirement); or (c) By the Company for Disability or for Cause under this Agreement or for disability or cause under the Employment Agreement. As used herein, retirement by the Executive means termination of employment in accordance with the Company’s normal retirement policy, including early retirement, generally applicable to the Company’s salaried employees or in accordance with any special retirement arrangement jointly established by the Company and the Executive and mutually agreeable to both.

Appears in 5 contracts

Samples: Severance Benefit Agreement (Leggett & Platt Inc), Severance Agreement (Leggett & Platt Inc), Severance Benefit Agreement (Leggett & Platt Inc)

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Termination Which Does Not Require Payment of Termination Benefits. No Termination Benefits shall be provided by the Company to the Executive under this Section 3 if the Executive’s employment is terminated: (a) By his death; or (b) By the Executive other than for Good Reason (e.g., by retirement); or (c) By the Company for Disability or for Cause under this Agreement or for disability or cause under the Employment Agreement. As used herein, retirement by the Executive means termination of employment in accordance with the Company’s normal retirement policy, including early retirement, generally applicable to the Company’s salaried employees or in accordance with any special retirement arrangement jointly established by the Company and the Executive and mutually agreeable to both.

Appears in 2 contracts

Samples: Severance Benefit Agreement (Leggett & Platt Inc), Severance Benefit Agreement (Leggett & Platt Inc)

Termination Which Does Not Require Payment of Termination Benefits. No Termination Benefits shall need be provided by the Company to the Executive under this Section 3 if the Executive’s 's employment is terminated: (a) By his death; or (b) By the Executive for any reason other than for Good Reason (e.g., e.g. by retirement); or (c) By the Company for Disability or for Cause under this Agreement or for disability or cause under the Employment Agreement. As used herein, retirement by the Executive means termination of employment in accordance with the Company’s 's normal retirement policy, including early retirement, generally applicable to the Company’s 's salaried employees or in accordance with any special retirement arrangement jointly established by the Company and the Executive and mutually agreeable to both.

Appears in 1 contract

Samples: Employment Agreement (Leggett & Platt Inc)

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Termination Which Does Not Require Payment of Termination Benefits. No ------------------------------------------------------------------ Termination Benefits shall need be provided by the Company to the Executive under this Section 3 if the Executive’s 's employment is terminated: (a) By his death; or (b) By the Executive for any reason other than for Good Reason (e.g., e.g. by retirement); or (c) By the Company for Disability or for Cause under this Agreement or for disability or cause under the Employment Agreement. As used herein, retirement by the Executive means termination of employment in accordance with the Company’s 's normal retirement policy, including early retirement, generally applicable to the Company’s 's salaried employees or in accordance with any special retirement arrangement jointly established by the Company and the Executive and mutually agreeable to both.

Appears in 1 contract

Samples: Employment Agreement (Leggett & Platt Inc)

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