Order of Reduction in Payments. Any reduction in the amount of compensation or benefits effected pursuant to this Section 4 shall first come, in order and, in each case, solely to the extent necessary, from any cash severance benefits payable to you, then from any other payments which are treated in their entirety as Parachute Payments and then from any other Parachute Payments payable to you. 5.
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Samples: Matching Award Agreement Terms and Conditions (Krispy Kreme, Inc.), Matching Award Agreement Terms and Conditions (Krispy Kreme, Inc.)
Order of Reduction in Payments. Any reduction in the amount of compensation or benefits effected pursuant to this Section 4 shall first come, in order and, in each case, solely to the extent necessary, from any cash severance benefits payable to you, then from any other payments which are treated in their entirety as Parachute Payments and then from any other Parachute Payments payable to you. 5.
Appears in 1 contract
Order of Reduction in Payments. Any reduction in the amount of compensation or benefits effected pursuant to this Section 4 8.4 shall first come, in order and, in each case, solely to the extent necessary, from any cash severance benefits payable to youthe Participant, then from any other payments which are treated in their entirety as Parachute Payments and then from any other Parachute Payments payable to youthe Participant. 5.8.5
Appears in 1 contract
Samples: Director and Advisor Services Agreement (Krispy Kreme, Inc.)
