Severance Clause Example from Business Contracts

This example Severance clause appears in 3 contracts from 1 company

Severance. You will be eligible to enter into a Change in Control and Severance Agreement (the "Severance Agreement") applicable to you based on your position within the Company. The Severance Agreement will specify the severance payments and benefits you would 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. View More