Common use of Xxxxxxxxx Payments Clause in Contracts

Xxxxxxxxx Payments. The Employee shall be entitled to the severance payment provided in this Section 7(e) in the event (i) the Employee terminates employment on or after the occurrence of a Change in Control pursuant to Section 7(d), (ii) the Employee's employment terminates as a result of the Company's delivery of a Termination Notice, or (iii) the Employee voluntarily terminates his employment and the Company elects to make severance payments in order to have the non-competition covenant in Section 6(a)

Appears in 4 contracts

Samples: Employment Agreement (Stanley Furniture Co Inc/), Employment Agreement (Stanley Furniture Co Inc/), Employment Agreement (Stanley Furniture Co Inc/)

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Xxxxxxxxx Payments. The Employee shall be entitled to the severance payment provided in this Section 7(e) in the event (i) the Employee terminates employment on or after the occurrence of a Change in Control pursuant to Section 7(d), (ii) the Employee's employment terminates as a result of the Company's delivery of a Termination Notice, or (iii) the Employee voluntarily terminates his employment and the Company elects to make severance payments provided in this Section 7(e) in order to have the non-competition covenant in Section 6(a)

Appears in 1 contract

Samples: Employment Agreement (Stanley Furniture Co Inc/)

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Xxxxxxxxx Payments. The Employee shall be entitled to the severance payment provided in this Section 7(e) in the event (i) the Employee terminates employment on or after the occurrence of a Change in Control pursuant to Section 7(d), (ii) the Employee's ’s employment terminates as a result of the Company's ’s delivery of a Termination Notice, or (iii) the Employee voluntarily terminates his employment and the Company elects to make severance payments in order to have the non-competition covenant in Section 6(a)

Appears in 1 contract

Samples: Employment Agreement (Stanley Furniture Co Inc.)

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