Common use of Voluntary Termination of Employment by Executive Clause in Contracts

Voluntary Termination of Employment by Executive. The Executive may voluntarily terminate his employment with the Company for any reason (including retirement) within one year of any Change in Control described in this Section. A termination of employment under this Section 5 shall be deemed a valid and proper termination of the Employment Agreement if then in force and to this extent the parties agree that the Employment Agreement is hereby amended. Upon any such termination of employment the Executive may in his sole discretion elect to receive, and the Company shall provide, the following benefits and no others under this Agreement:

Appears in 3 contracts

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

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Voluntary Termination of Employment by Executive. The If the Executive may voluntarily terminate terminates his employment with the Company for any reason (including retirement) within one year of any Change in Control described in this Section. A termination of employment under this Section 5 shall be deemed a valid and proper termination of the Employment Agreement if , then in force and to this extent the parties agree that the Employment Agreement is hereby amended. Upon any such termination of employment the Executive may in his sole discretion elect to receive, and the Company shall provide, the following benefits and no others under this Agreement:

Appears in 1 contract

Samples: Severance Benefit Agreement (Leggett & Platt Inc)

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Voluntary Termination of Employment by Executive. The Executive may voluntarily terminate his employment with the Company for any reason (including retirement) within one year of any Change in Control described in this Section. A termination of employment under this Section 5 shall be deemed a valid and proper termination of the Employment Agreement if then in force and to this extent the parties agree that the Employment Agreement is hereby amended. Upon any such termination of employment Employment the Executive may in his sole discretion elect to receive, and the Company shall provide, the following benefits and no others under this Agreement:

Appears in 1 contract

Samples: Severance Benefit Agreement (Leggett & Platt Inc)

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