Effect of Termination on Bonuses and Benefits. With respect to termination of employment with either CSC or the Company, all of Executive's rights to fringe benefits and bonuses hereunder (if any) related to such employment which accrue after the Date of Termination shall, except as otherwise provided by law, cease upon such Date of Termination; provided, however, that Executive shall continue to be entitled to medical benefits consistent with those provided to Executive prior to the Date of Termination during the period that installment payments on the severance payment to which the Executive is entitled are being made to Executive pursuant to Section 2.1(c) hereof. The Company or CSC, as the case may be, may offset the amounts of any outstanding loans, advances or other disbursements made to or on behalf of Executive by CSC or the Company against any amounts CSC or the Company owes Executive hereunder for severance pay, benefits, bonuses or other items.
Appears in 5 contracts
Samples: Senior Management Agreement, Senior Management Agreement (Coinmach Corp), Senior Management Agreement (Coinmach Corp)
