Common use of Xxxxxxxxx Compensation Clause in Contracts

Xxxxxxxxx Compensation. Severance Compensation" is defined as all of the compensation and benefits described in this Paragraph 10.E. It will be provided to Employee upon the occurrence of any of the events described elsewhere in this Agreement as providing for Employee's receipt of Severance Compensation, but not in any other circumstances except to the extent that individual components of Severance Compensation may be separately provided pursuant to the terms of this Agreement. "Termination Date" is defined as the last day of Employee's employment with the Company. "Severance Period" is defined as the period beginning on the day following the Termination Date and ending on the day which is one year following the Termination Date. Should a termination occur upon or within twelve months following a Change in Control, the Severance Period will end on the day which is two years following the Termination Date. The compensation and benefits to be provided as Severance Compensation are as follows:

Appears in 3 contracts

Samples: Severance Agreement (Flyi Inc), Severance Agreement (Flyi Inc), Severance Agreement (Atlantic Coast Airlines Holdings Inc)

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Xxxxxxxxx Compensation. Severance Compensation" is defined as all of the compensation and benefits described in this Paragraph 10.E. It will be provided to Employee Sxxxx upon the occurrence of any of the events described elsewhere in this Agreement as providing for Employee's Sxxxx'x receipt of Severance Compensation, but not in any other circumstances except to the extent that individual components of Severance Compensation may be separately provided pursuant to the terms of this Agreement. "Termination Date" is defined as the last day of Employee's Sxxxx'x employment with the Company. "Severance Period" is defined as the period beginning on the day following the Termination Date and ending on the day which is one year following the Termination Date. Should a termination occur upon or within twelve months following a Change in Control, the Severance Period will end on the day which is two three years following the Termination Date. The compensation and benefits to be provided as Severance Compensation are as follows:

Appears in 1 contract

Samples: Severance Agreement (Atlantic Coast Airlines Holdings Inc)

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