Common use of Time of Paying Severance Benefits Clause in Contracts

Time of Paying Severance Benefits. The Severance Benefits described above shall be payable by Syntro or its successor in interest to the Executive on the last day of the Executive's employment. The Executive shall not be required to mitigate the amount of severance benefit by seeking other employment and none of these payments may be reduced by any future salary the Executive may earn.

Appears in 5 contracts

Samples: Executive Employment Agreement (Syntro Corp /De/), Executive Employment Agreement (Syntro Corp /De/), Executive Employment Agreement (Syntro Corp /De/)

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Time of Paying Severance Benefits. The Severance Benefits described above in Section 11(c)(1) shall be payable by Syntro or its successor in interest to the Executive on the last day of the Executive's employment. The Executive shall not be required to mitigate the amount of severance benefit by seeking other employment and none of these payments may be reduced by any future salary the Executive may earn.3

Appears in 1 contract

Samples: Executive Employment Agreement (Syntro Corp /De/)

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