Common use of No Other Payments or Benefits Clause in Contracts

No Other Payments or Benefits. In the event your employment is terminated during the Term of Employment, you shall not be entitled to any severance under the Company’s general employee policies or any severance policy or plan maintained by the Company, the payment and benefits provided for in this Agreement constituting the sole source of any payments or benefits payable to you except any amounts payable to you as required by applicable law. Except as may be otherwise provided in Section 5.4(c), your rights to benefits and payments under any benefit plan, Long-Term Incentive Plan, or other plan of the Company will be determined in accordance with the then current terms and provisions of such plans and any agreements under which such benefits or payments were granted.

Appears in 7 contracts

Samples: Time Inc., Time Inc., Time Inc.

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No Other Payments or Benefits. In the event your Employee’s employment is terminated during the Term of Employment, you Employee shall not be entitled to any severance under the Company’s general employee policies or any severance policy or plan maintained by the Company, the payment payments and benefits provided for in this Agreement constituting constitute the sole source of any payments or benefits payable to you Employee except any amounts payable to you Employee as required by applicable law. Except as may be otherwise provided in Section 5.4(c4.4(f), your Employee’s rights to benefits and payments under any benefit plan, Long-Term Incentive Plan, or other plan of the Company will be determined in accordance with the then current terms and provisions of such plans and any agreements under which such benefits or payments were granted.

Appears in 2 contracts

Samples: Employment Agreement (TSR Inc), Employment Agreement (TSR Inc)

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No Other Payments or Benefits. In the event your employment is terminated during the Term of Employment, you shall not be entitled to any severance under the Company’s 's general employee policies or any severance policy or plan maintained by the Company, the payment and benefits provided for in this Agreement constituting the sole source of any payments or benefits payable to you except any amounts payable to you as required by applicable law. Except as may be otherwise provided in this Agreement (including Section 5.4(c) or 5.7), your rights to benefits and payments under any benefit plan, Longlong-Term Incentive Plan, term incentive plan or other plan of the Company will be determined in accordance with the then current terms and provisions of such plans and any agreements under which such benefits or payments were granted.

Appears in 1 contract

Samples: Time Inc.

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