Common use of Maintenance of Plans Clause in Contracts

Maintenance of Plans. Sensormatic agrees that, for not less than -------------------- 36 months after a Change in Control, it shall maintain in effect the plans and programs in which Executive is a participant immediately prior to such Change in Control (or comparable plans and programs) to the extent necessary to assure that the rights and benefits of Executive thereunder shall be no less favorable after such Change in Control than immediately prior thereto, provided, that Sensormatic shall in no event make any change in the event of or at any time after a Change in Control in the Retirement Plan resulting in a reduction of Executive's benefits thereunder.

Appears in 13 contracts

Samples: Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp)

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Maintenance of Plans. Sensormatic agrees that, for not less than -------------------- 36 months after a Change in Control, it shall maintain in effect the plans and programs in which Executive is a participant immediately prior to such Change in Control (or comparable plans and programs) to the extent necessary to assure that the rights and benefits of Executive thereunder shall be no less favorable after such Change in Control than immediately prior thereto, provided, that Sensormatic shall in no event make any change in the event of or at any time after a Change in Control in the Retirement Plan resulting in a reduction of Executive's benefits thereunder.

Appears in 5 contracts

Samples: Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp)

Maintenance of Plans. Sensormatic agrees that, for not less than -------------------- 36 months after a Change in ControlControl (whether "approved" or "non-approved"), it shall maintain in effect the plans and programs in which Executive is a participant immediately prior to such Change in Control (or comparable plans and programs) to the extent necessary to assure that the rights and benefits of Executive thereunder shall be no less favorable after such Change in Control than immediately prior thereto, provided, that Sensormatic shall in no event make any change in the event of or at any time after a Change in Control in the Retirement Senior Executive Plan resulting in a reduction of Executive's benefits thereunder.

Appears in 2 contracts

Samples: Agreement (Sensormatic Electronics Corp), Agreement (Sensormatic Electronics Corp)

Maintenance of Plans. Sensormatic agrees that, for not less than -------------------- 36 months after a Change in ControlControl (whether "approved" or "non-approved"), it shall maintain in effect the plans and programs in which Executive is a participant immediately prior to such Change in Control (or comparable plans and programs) to the extent necessary to assure that the rights and benefits of Executive thereunder shall be no less favorable after such Change in Control Con trol than immediately prior thereto, provided, that Sensormatic shall in no event make any change in the event of or at any time after a Change in Control in the Retirement Senior Executive Plan resulting in a reduction of Executive's benefits thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

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Maintenance of Plans. Sensormatic agrees that, for not less than -------------------- 36 months after a Change in ControlControl (whether "approved" or "non-approved"), it shall maintain in effect the plans and programs in which Executive is a participant immediately prior to such Change in Control (or comparable plans and programs) to the extent necessary to assure that the rights and benefits of Executive thereunder shall be no less favorable after such Change in Control than immediately prior thereto, provided, that Sensormatic shall in no event make any change in the event of or at any time after a Change in Control in the Retirement Senior Executive Plan resulting in a reduction of Executive's benefits thereunder.

Appears in 1 contract

Samples: Agreement (Sensormatic Electronics Corp)

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