Common use of Multiple Benefits Clause in Contracts

Multiple Benefits. To the extent that any other agreement (“Other Agreement”) between the Employee and the Company would provide for salary continuation (or a lump sum payment in lieu of salary continuation) and bonus payments under the same circumstances as such benefits would be provided pursuant to Sections 2.1 and 2.2 hereof, then Employee shall not receive such benefits under both the Other Agreement and Sections 2.1 and 2.2, but shall instead receive the greater of the salary benefit payable under either Section 2.1 or the Other Agreement and the greater of the bonus benefit payable under either Section 2.2 or the Other Agreement. Notwithstanding the foregoing, the Benefits provided by Sections 2.1, 2.2 and 2.3 hereof shall supersede the provisions of Sections 2.1 and 2.2 of the Severance Agreement dated as of October 1, 1991, between Employee and the Company and Sections 2(a), 2(b) and 2(c) of the Agreement dated as of July 31, 1995, between Employee and the Company, which superseded sections are of no further force or effect.

Multiple Benefits. To the extent that any other agreement (“Other Agreement”) between the Employee and the Company would provide for salary continuation (or a lump sum payment in lieu of salary continuation) and bonus payments under the same circumstances as such benefits would be provided pursuant to Sections 2.1 and 2.2 hereof, then Employee shall not receive such benefits under both the Other Agreement and Sections 2.1 and 2.2, but shall instead receive the greater of the salary benefit payable under either Section 2.1 or the Other Agreement and the greater of the bonus benefit payable under either Section 2.2 or the Other Agreement. Notwithstanding the foregoing, the Benefits provided by Sections 2.1, 2.2 and 2.3 hereof shall supersede the provisions of Sections 2.1 and 2.2 of the Severance Agreement dated as of October 1, 1991, between Employee and the Company and Sections 2(a), 2(b) and 2(c) of the Agreement dated as of July 31, 1995, between Employee and the Company, which superseded sections are of no further force or effect. It is agreed that the Severance Agreement dated as of October 1, 1991, between Employee and the Company is terminated and of no further force or effect.