No Separation from Service. The Parties agree that the Separation and Distribution shall not be considered a separation from service or termination of employment entitling Potlatch Employees or Clearwater Employees to be eligible to participate in or to receive payment of severance benefits under the Executive Severance Plans or Salaried Severance Plans. Potlatch and Clearwater shall cause their respective Executive Severance Plans and Salaried Severance Plans to be amended (if necessary) and to be administered in a manner consistent with this understanding.
Appears in 3 contracts
Sources: Employee Matters Agreement (Potlatch Forest Products CORP), Employee Matters Agreement (Potlatch Corp), Employee Matters Agreement (Clearwater Paper Corp)