Example ContractsClausesconditions to receipt of severance benefitsVariants
Conditions to Receipt of Severance Benefits
Conditions to Receipt of Severance Benefits contract clause examples

3.1Right to Severance Benefits. The Executive will be entitled to receive from the Company Severance Benefits, as described in this Article 3 herein, if the Executive satisfies the conditions set forth in this Article 3. Except with respect to the Accrued Obligations (and subject to [Section 3.3], as applicable), in no event herein, except as may be required by applicable federal and/or state law, shall the Executive be entitled to receive any other Severance Benefits if the Executive’s employment is terminated # for Cause or # due to a voluntary termination without Good Reason.

Right to Severance Benefits. Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 6 herein, upon the occurrence of a Qualifying Termination, as defined in Section 5 herein.

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