Common use of Severance Compensation and Benefits Not in Derogation of Other Benefits Clause in Contracts

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

Appears in 19 contracts

Samples: Control Agreement (Valley National Bancorp), Change in Control Agreement (Valley National Bancorp), In Control Agreement (Valley National Bancorp)

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Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the CompanyCompany specified in Sections 2.3 through 2.5 inclusive, except that if the Executive received any payment hereunder, the Executive shall not be entitled to the benefits of any payment under other plan or program of the Company’s Company expressly providing for severance policy for officers and directorsor termination pay.

Appears in 10 contracts

Samples: Control Agreement (United National Bancorp), Control Agreement (United National Bancorp), Control Agreement (United National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s 's severance policy policies for officers and directorsemployees.

Appears in 9 contracts

Samples: Control Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp), Employment Agreement (Peapack Gladstone Financial Corp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s severance policy for officers and directors.

Appears in 8 contracts

Samples: Control Agreement (Valley National Bancorp), Employment Agreement (Valley National Bancorp), Employment Agreement (Valley National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to the Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s severance policy policies for officers and directorsemployees or under any employment agreement between the Executive and the Company.

Appears in 7 contracts

Samples: Control Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s 's severance policy for officers and directors.

Appears in 7 contracts

Samples: Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp), Employment Agreement (Valley National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s severance policy for officers and directors. 15.

Appears in 6 contracts

Samples: Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors. 15.

Appears in 3 contracts

Samples: Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp), Control Agreement (Valley National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s severance policy policies for officers and directorsemployees.

Appears in 3 contracts

Samples: Employment Agreement (Peapack Gladstone Financial Corp), Control Agreement (Peapack Gladstone Financial Corp), Employment Agreement (Valley National Bancorp)

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Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s 's severance policy policies for officers and directors.employees. 104

Appears in 1 contract

Samples: Employment Agreement (Peapack Gladstone Financial Corp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the CompanyCompany specified in Sections 2.3 through 2.5 inclusive, except that if the Executive received any payment hereunder, the Executive shall not be entitled to the benefits of any payment under other plan or program of the Company’s Company expressly providing for severance policy for officers and directors.or termination pay. 5.2

Appears in 1 contract

Samples: Control Agreement (United National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive 36 received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s 's severance policy policies for officers and directorsemployees.

Appears in 1 contract

Samples: Employment Agreement (Valley National Bancorp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive he shall not be entitled to any payment under the Company’s 's severance policy policies for officers and directors.employees. 121

Appears in 1 contract

Samples: Employment Agreement (Peapack Gladstone Financial Corp)

Severance Compensation and Benefits Not in Derogation of Other Benefits. Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or EXHIBIT 10.AA agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

Appears in 1 contract

Samples: Change in Control Agreement (Valley National Bancorp)

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