Common use of No Acceleration of Benefits Clause in Contracts

No Acceleration of Benefits. Except as otherwise provided in this Agreement, no provision of this Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any RemainCo Employee, SpinCo Employee or other former, current or future employee of the IP RemainCo Group or the Product SpinCo Group under any Benefit Arrangement of the IP RemainCo Group or the Product SpinCo Group.

Appears in 3 contracts

Samples: Employee Matters Agreement (Xperi Inc.), Employee Matters Agreement (Xperi Inc.), Employee Matters Agreement (Xperi, Inc.)

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No Acceleration of Benefits. Except as otherwise provided in this Agreement, no provision of this Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any RemainCo Spinco Employee, SpinCo Former Spinco Business Employee or other former, current or future employee of the IP RemainCo Remainco Group or the Product SpinCo Spinco Group under any Remainco Benefit Arrangement of the IP RemainCo Group Plan, Spinco Benefit Plan or the Product SpinCo GroupSpinco Future Benefit Plan.

Appears in 1 contract

Samples: Employee Matters Agreement (DuPont De Nemours, Inc.)

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