Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by Employer (other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).
Appears in 7 contracts
Samples: Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp), Employment Agreement (First Bancshares Inc /MS/)
Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by Employer the Company (other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, compensation or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).
Appears in 5 contracts
Samples: Employment Agreement (Southern National Bancorp of Virginia Inc), Employment Agreement (Southern National Bancorp of Virginia Inc), Employment Agreement (Southern National Bancorp of Virginia Inc)
Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive Employee pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by the Employer (other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, compensation or similar plan or agreement which may contain provisions operative on a termination of ExecutiveEmployee’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).
Appears in 4 contracts
Samples: Change in Control Severance Agreement (Southern National Bancorp of Virginia Inc), Change in Control Severance Agreement (Southern National Bancorp of Virginia Inc), Control Severance Agreement (Primis Financial Corp.)
Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by Employer (other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).. (c)
Appears in 2 contracts
Samples: Employment Agreement (FB Financial Corp), Employment Agreement (FB Financial Corp)
Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by the Employer (other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, compensation or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).
Appears in 1 contract
Samples: Employment Agreement (Southern National Bancorp of Virginia Inc)
Non-duplication. Notwithstanding anything to the contrary in this Agreement, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any general severance policy or other severance plan maintained by Employer (the Company or the Bank; provided, however, that, for avoidance of doubt, this Section 17(c) shall not apply to any equity awards granted to Executive, any amounts payable to Executive pursuant to the SERP or any other than a stock option, restricted stock, share or unit, performance share or unit, supplemental retirement, deferred compensation, compensation or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment).
Appears in 1 contract
