Common use of Discontinuance of Benefits Clause in Contracts

Discontinuance of Benefits. The Company stops providing me with benefits that, in the aggregate, are substantially as valuable to me as those I enjoyed immediately prior to the Effective Date other than a result of across-the-board benefit reductions affecting all executives of similar status employed by the Company and any entity in control of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Capital Trust Inc), Employment Agreement (Capital Trust Inc)

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Discontinuance of Benefits. The Company stops providing me with compensation and benefits that, in the aggregate, are substantially as valuable to me as those I enjoyed immediately prior to the Effective Date other than a result of across-the-board benefit reductions affecting all executives of similar status employed by the Company and any entity in control of the Company.

Appears in 1 contract

Samples: Employment Agreement (Capital Trust Inc)

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Discontinuance of Benefits. The Company stops providing me with benefits that, in the aggregate, are substantially as valuable to me as those I enjoyed immediately prior to the Effective Date Date, other than a result of across-the-board benefit reductions affecting all executives of similar status employed by the Company and any entity in control of the Companysimilarly-situated employees.

Appears in 1 contract

Samples: Employment Agreement (Capital Trust Inc)

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