Common use of Waiver of Severance Clause in Contracts

Waiver of Severance. If the Executive’s employment terminates pursuant to Section 5(d) and the Executive chooses to waive his right to severance as provided for under those Sections, this Covenant Not to Compete shall not take effect.

Appears in 2 contracts

Samples: Employment Agreement (Gladstone Companies, Inc.), Employment Agreement (Gladstone Companies, Inc.)

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Waiver of Severance. If the Executive’s 's employment terminates pursuant to Section 5(d) and the Executive chooses to waive his right to severance (including option acceleration) as provided for under those Sectionsthat Section, this Covenant Not to Compete shall not take effect.

Appears in 1 contract

Samples: Employment Agreement (Gladstone Capital Corp)

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Waiver of Severance. If the Executive’s 's employment terminates pursuant to Section 5(d) and the Executive chooses to waive his right to severance (including option acceleration) as provided for under those Sections, this Covenant Not to Compete shall not take effect.

Appears in 1 contract

Samples: Employment Agreement (Gladstone Capital Corp)

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