Common use of Non-Duplication of Benefits Clause in Contracts

Non-Duplication of Benefits. It is intended that the payments and benefits provided under this Agreement are in lieu of, and not in addition to, termination or severance payments and benefits provided under any other termination or severance plans, policies or agreements, if any, of the Company; provided, however, that for clarity, the treatment of any equity awards previously received by the Employee prior to his or her Termination Date shall be addressed pursuant to the terms of separate agreements between the Employee and the Company, as applicable, and the plan and other related documents governing any such awards.

Appears in 5 contracts

Samples: Severance and Change in Control Agreement (Whitestone REIT), Severance and Change in Control Agreement (Whitestone REIT), Severance and Change in Control Agreement (Whitestone REIT)

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Non-Duplication of Benefits. It is intended that the payments and benefits provided under this Agreement are in lieu of, and not in addition to, termination or severance payments and benefits provided under any other termination or severance plans, policies or agreements, if any, of the CompanyCompany or the Partnership; provided, however, that for clarity, the treatment of any equity awards previously received by the Employee prior to his or her Termination Date shall be addressed pursuant to the terms of separate agreements between the Employee and the CompanyCompany or the Partnership, as applicable, and the plan and other related documents governing any such awards.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Regency Centers Lp), Severance and Change of Control Agreement (Regency Centers Lp), Severance and Change of Control Agreement (Regency Centers Lp)

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