Common use of Capital Accumulation Program Clause in Contracts

Capital Accumulation Program. The parties hereto acknowledge and agree that the Executive is party to an agreement with the Company under the Company’s Capital Accumulation Program (the “CAP Agreement”), pursuant to which the Executive is entitled to an aggregate benefit equal to $2,000,000 (the “CAP Benefit”), subject to the terms and conditions of the CAP Agreement. For the avoidance of doubt, the parties hereto acknowledge and agree that the CAP Benefit is fully vested as of the date hereof.

Capital Accumulation Program. The parties hereto acknowledge and agree that the Executive is party to an agreement with the Company under the Company’s 's Capital Accumulation Program (the “"CAP Agreement”"), pursuant to which the Executive is entitled to an aggregate benefit equal to $2,000,000 (the “"CAP Benefit”"), subject to the terms and conditions of the CAP Agreement. For the avoidance of doubt, the parties hereto acknowledge and agree that the CAP Benefit is fully vested as of the date hereof.