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. Subject only to those particular terms of this Agreement to the contrary, the payment or obligation to pay any monies, or the 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 the Employer.

Appears in 19 contracts

Samples: Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

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Severance Compensation and Benefits Not in Derogation of Other Benefits. Subject only to those particular terms of this Agreement to the contrary, the payment or obligation to pay any monies, or the 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 the Employer.

Appears in 3 contracts

Samples: Change in Control Agreement (Community Partners Bancorp), Change in Control Agreement (Community Partners Bancorp), Change in Control Agreement (Community Partners Bancorp)

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Severance Compensation and Benefits Not in Derogation of Other Benefits. Subject only to those particular terms of this Agreement to the contrary, the The payment or obligation to pay any monies, or the 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 the Employer.

Appears in 1 contract

Samples: Change in Control Agreement (Community Partners Bancorp)

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