Common use of Other Payments or Benefits Clause in Contracts

Other Payments or Benefits. In addition to any payments provided under this Agreement or under any other arrangement between the Company and Executive, Executive shall be entitled on termination of employment to (i) any cash or property due him as a result of the exercise of a stock option granted under the Company's 1986 Employee Stock Incentive Option Plan or its 1996 Omnibus Stock Incentive Plan or a successor plan or under any other incentive, benefit or compensation plan of the Company, (ii) any payments or benefits due him, whether or not "parachute payments" as defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code") (but subject to Section 6(g)), including amounts that Executive is entitled to receive under Company maintained tax-qualified plans and any health care coverage under Company maintained welfare plans for which Executive pays the cost, and (iii) only on termination of employment other than on account of disability or death, an office of a size and furnishings and exclusive secretarial assistance at least equal to that provided Executive prior to termination of employment and Company-paid out-placement services, each for one year after the termination of Executive's employment.