Severance Clause Example from Business Contracts

Severance. You will be eligible for the Company's Executive Change in Control and Severance Plan (the "Severance Plan") beginning of the IPO Effective Date. Your Participation Agreement under the Severance Plan will specify the severance payments and benefits you could be eligible to receive in connection with certain terminations of your employment with the Company. These protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would become ...eligible for in the future, under any plan, program or policy that the Company may have in effect from time to time. The "IPO Effective Date" means the effective date of the Company's registration statement relating to the Company's initial public offering. View More