Examples of Severance Plans in a sentence
In lieu of participation in such Severance Plans, the parties have agreed that the Executive will receive certain other payments and benefits as set forth in this Agreement.
The Clorox Company plan documents of plans referred to in the Severance Plans may be amended in accordance with the provisions of those plans.
The Executive affirmatively waives any rights he may have to payments or benefits provided under the Severance Plans to the extent the Executive receives similar payments or benefits under this Agreement.
If the Optionee’s employment is terminated by the Corporation and, as a result, the Optionee becomes eligible for severance benefits under the Corporation’s Severance Plans, then to the extent this Option is vested and exercisable (and becomes vested and exercisable under Section 4(f)), it may be exercised through the first anniversary of the date of termination (but not beyond the Expiration Date) and shall thereafter expire.
Notwithstanding anything in this Agreement or otherwise (including under the First Federal Savings Bank of America Employee Severance Compensation Plan or any other severance plan, program, practice or arrangement of the Parent, the Company Bank, the Company or any of their respective affiliates (the "Severance Plans")), in no event shall you be eligible to participate in or receive severance benefits under the Severance Plans.