Common use of No Duplication of Severance Benefits Clause in Contracts

No Duplication of Severance Benefits. If the Executive receives Change in Control Severance Benefits, any other severance benefits received by employees not covered by this Agreement, if any, to which the Executive is entitled shall be reduced on a dollar-for-dollar basis with respect to Change in Control Severance Benefits paid pursuant to this Agreement so that there is no duplication of severance benefits.

Appears in 6 contracts

Samples: Change in Control Agreement (Consumers Energy Co), General Release Agreement (Consumers Energy Co), General Release Agreement (CMS Energy Corp)

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No Duplication of Severance Benefits. If the Executive receives Change in Change-in-Control Severance BenefitsBenefits under Section 3.2, any other severance benefits received by employees not covered by this Agreement, if any, Agreement to which the Executive is entitled shall will be reduced on a dollar-for-dollar basis with respect to Change in Control subtracted from the Severance Benefits paid pursuant to this Agreement so that there is no duplication of severance benefitsAgreement.

Appears in 1 contract

Samples: Control Agreement (Consumers Energy Co)

No Duplication of Severance Benefits. If the Executive receives Change in Control Severance Benefits, any other severance benefits received by employees not covered by this Agreement, if any, to which the Executive is entitled shall be reduced on a dollar-for-dollar basis with respect to Change in Control Severance Benefits paid pursuant to this Agreement so that there is no duplication of severance benefits.. Tier IV Change in Control as of March 2012

Appears in 1 contract

Samples: Change in Control Agreement (CMS Energy Corp)

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No Duplication of Severance Benefits. If the Executive receives Change in Control Severance Benefits, any other severance benefits received by employees not covered by this Agreement, if any, to which the Executive is entitled shall be reduced on a dollar-for-dollar basis with respect to Change in Tier IV Change in Control as of January 2014 Control Severance Benefits paid pursuant to this Agreement so that there is no duplication of severance benefits.

Appears in 1 contract

Samples: General Release Agreement (Consumers Energy Co)

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