Common use of Compensation Upon Separation from Service Incident to a Change of Control Clause in Contracts

Compensation Upon Separation from Service Incident to a Change of Control. If, pursuant to Section 3, Executive has a Separation from Service that qualifies Executive for benefits under this Section 4, and upon Executive’s timely execution and non-rescission of a Release of Claims, as further described in Section 12(c) below, Executive shall be entitled to the following payments and benefits.

Appears in 1 contract

Sources: Change of Control Severance Agreement (Supervalu Inc)

Compensation Upon Separation from Service Incident to a Change of Control. If, pursuant to Section 3, Executive has a Separation from Service that qualifies Executive for benefits under this Section 4, and upon subject to Executive’s 's timely execution and non-rescission of a Release of Claims, within seventy-five (75) days following such Separation from Service, as further described in Section 12(c) below, Executive shall be entitled to the following payments and benefits.

Appears in 1 contract

Sources: Change of Control Severance Agreement (United Natural Foods Inc)

Compensation Upon Separation from Service Incident to a Change of Control. If, pursuant to Section 3, Executive has a Separation from Service that qualifies Executive for benefits under this Section 4, and upon subject to Executive’s timely execution and non-rescission of a Release of Claims, within seventy-five (75) days following such Separation from Service, as further described in Section 12(c) below, Executive shall be entitled to the following payments and benefits.

Appears in 1 contract

Sources: Change of Control Severance Agreement (Supervalu Inc)