Common use of Incentive, Savings and Retirement Plans Clause in Contracts

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers of the Company and its affiliated companies (“Peer Executives”), but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executives.

Appears in 27 contracts

Samples: Change of Control Employment Agreement (Seacoast Banking Corp of Florida), Change of Control Employment Agreement (Crescent Banking Co), Change of Control Employment Agreement (Crescent Banking Co)

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Incentive, Savings and Retirement Plans. During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers other peer executives of the Company and its affiliated companies (“Peer Executives”), but in no event shall such companies. Such plans, practices, policies and programs shall provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, if any), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than as favorable as the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 12090-day period immediately preceding the Effective Date or or, if more favorable to the Executive, those provided generally at any time after the Effective Date to Peer Executivesother peer executives of the Company and its affiliated companies.

Appears in 7 contracts

Samples: Executive Retention Agreement (Tango of Arundel, Inc.), Employment Agreement (Tango of Arundel, Inc.), Executive Retention Agreement (Dave & Busters Inc)

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers other peer executives of the Company and its affiliated companies (“Peer Executives”)companies, but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executivesother peer executives of the Company and its affiliated companies.

Appears in 5 contracts

Samples: Change in Control Agreement (Eastman Chemical Co), Change in Control Agreement (Genuine Parts Co), Change in Control Agreement (Eastman Chemical Co)

Incentive, Savings and Retirement Plans. During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs ("Plans") applicable generally to other senior executive officers executives of the Company and its affiliated companies (“Peer Executives”)Company, but in no event shall such plans, practices, policies and programs Plans provide the Executive with incentive opportunitiesopportunities (measured with respect to long- term and special incentives, to the extent, if any, that such distinctions are applicable) or savings opportunities and retirement benefit opportunities, in each case, benefits which are less favorable, in the aggregate, than the most favorable greater of (i) those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs Plans as in effect at any time during the 12090-day period immediately preceding the Effective Date Date, or if more favorable to Executive, (ii) those provided generally at any time after the Effective Date to Peer Executivesother senior executives of the Company.

Appears in 5 contracts

Samples: Control Agreement (Nicor Inc), Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc)

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers other peer executives of the Company and its affiliated companies ("Peer Executives"), but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executives.

Appears in 3 contracts

Samples: Change of Control Agreement (Centura Banks Inc), Control Agreement (Centura Banks Inc), Control Agreement (Centura Banks Inc)

Incentive, Savings and Retirement Plans. During In addition to the Employment PeriodBase Salary and Annual Bonus payable as hereinabove provided, the Executive shall be entitled to participate participate, during the Employment Period, in all incentive, savings and retirement plans, practices, policies plans and programs applicable generally to senior executive officers of other key executives (including the Company Corporation's restricted stock and its affiliated companies (“Peer Executives”stock option plans), but in no event shall such plans, practices, policies plans and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorableprograms, in the aggregate, provide the Executive with compensation, benefits and reward opportunities less favorable than the most favorable of those provided by the Company Corporation and its affiliated companies for the Executive under such plans, practices, policies plans and programs as in effect at any time during the 12090-day period immediately preceding the Effective Date or or, if more favorable to the Executive, those as provided generally at any time after the Effective Date thereafter with respect to Peer Executivesother key executives.

Appears in 2 contracts

Samples: Employment Agreement (Thomas & Betts Corp), Employment Agreement (Thomas & Betts Corp)

Incentive, Savings and Retirement Plans. During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs (“Plans”) applicable generally to other senior executive officers executives of the Company and its affiliated companies (“Peer Executives”)Company, but in no event shall such plans, practices, policies and programs Plans provide the Executive with incentive opportunitiesopportunities (measured with respect to long-term and special incentives, to the extent, if any, that such distinctions are applicable) or savings opportunities and retirement benefit opportunities, in each case, benefits which are less favorable, in the aggregate, than the most favorable greater of (i) those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs Plans as in effect at any time during the 12090-day period immediately preceding the Effective Date Date, or if more favorable to Executive, (ii) those provided generally at any time after the Effective Date to Peer Executivesother senior executives of the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Nicor Inc), Change in Control Agreement (Nicor Inc)

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers of the Company and its affiliated companies (“Peer Executives”), subject to eligibility requirements and terms and conditions of each such plan, but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executives.

Appears in 2 contracts

Samples: Change of Control Agreement (Seacoast Banking Corp of Florida), Change of Control Agreement (Seacoast Banking Corp of Florida)

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Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers other peer executives of the Company and its affiliated companies (“Peer Executives”)companies, but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Change in Control Date or if more favorable to Executive, those provided generally at any time after the Effective Change in Control Date to Peer Executivesother peer executives of the Company and its affiliated companies.

Appears in 2 contracts

Samples: Retention Agreement (Checkfree Corp \Ga\), Retention Agreement (Fiserv Inc)

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers of the Company and its affiliated companies (“Peer Executives”), subject to eligibility requirements and terms and conditions of each such plan, but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executives.. (iv)

Appears in 1 contract

Samples: Change of Control Agreement Agreement (Seacoast Banking Corp of Florida)

Incentive, Savings and Retirement Plans. During the Employment Period, Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to senior executive officers other peer executives of the Company and its affiliated companies (“Peer Executives”)companies, but in no event shall such plans, practices, policies and programs provide Executive with incentive opportunities, savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to Executive, those provided generally at any time after the Effective Date to Peer Executives.other peer executives of the Company and its affiliated companies. 152

Appears in 1 contract

Samples: Change in Control Agreement (Eastman Chemical Co)

Incentive, Savings and Retirement Plans. During the Employment Period, The Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs ("Programs") applicable generally to senior executive officers other peer executives of the Company and its affiliated companies (“Peer Executives”)affiliates, but in no event shall such plans, practices, policies and programs Programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies affiliates for Executive him under such plans, practices, policies and programs Programs as in effect at any time during the 120180-day period immediately preceding the Effective Date or if more favorable to Executivehim, those provided generally at any time after the Effective Date to Peer Executivesother peer executives of the Company and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (First Commerce Corp /La/)

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