Common use of No Severance Payments Clause in Contracts

No Severance Payments. The Company is prohibiting any payment that is prohibited by law as a result of the Company’s participation in the CPP. Such prohibited payments include, but are not limited to, severance, golden parachute or other payments related to the executive’s departure from the Company.

Appears in 2 contracts

Sources: Omnibus Compensation Amendment (Trinity Capital Corp), Compensation Agreement (First Busey Corp /Nv/)