Common use of Effect on Benefit Plans Clause in Contracts

Effect on Benefit Plans. The foregoing payments and benefits shall be in addition to and not in lieu of any payments or benefits to which Executive and his dependents may otherwise be entitled to under the Company's compensation and employee benefit plans, programs, policies or practices. Nothing herein shall restrict the Company's right to amend any plan, practice, policy or program in a manner generally applicable to similarly situated active executives, in which event Executive shall be entitled to participate on the same basis (including payment of applicable contributions) as similarly situated active executives of the Company.