Common use of Exclusive Benefits Clause in Contracts

Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx shall be entitled to benefits and incentives under all benefit plans and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 2 contracts

Samples: Employment Agreement (Adesa California, LLC), Employment Agreement (IAA Spinco Inc.)

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Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx Nordin shall be entitled to benefits and incentives under all benefit plans benefxx xxxns and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s 's option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions Inc /Ca)

Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or Section 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx Fares shall be entitled to benefits and incentives under all benefit plans and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s 's option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions Inc /Ca)

Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx Kett shall be entitled to benefits and incentives under all benefit plans pxxxx and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s 's option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions Inc /Ca)

Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx shall be entitled to benefits and incentives under all benefit plans and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s 's option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions, Inc)

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Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx shall Pettxx xxxll be entitled to benefits and incentives under all benefit plans and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s 's option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions Inc /Ca)

Exclusive Benefits. If more than one benefit due to termination becomes payable under Sections 3.2 or 3.3, the greatest of such benefits shall become payable to the exclusion of all other such benefits and shall be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company. Notwithstanding anything in the prior sentence to the contrary, Xxxxxx Lxxxxxxxxxx shall be entitled to benefits and incentives under all benefit plans and equity incentive plans, policies and programs (except as expressly excluded herein, including, without limitation, Section 2.3 of this Agreement) according to the terms of such benefit plans and equity incentive plans, policies and programs as in effect from time to time, including any acceleration of vesting provisions in the Company’s option plans, including any benefits under the Executive Severance Plan for Officers.

Appears in 1 contract

Samples: Employment Agreement (Insurance Auto Auctions, Inc)

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