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 as long as the Executive receives the lump sum payments due under Section 9 hereunder, the Executive shall not be entitled to any other severance payments under the Company’s severance policy for officers and employees or under the Executive’s letter agreement providing for severance, dated the date hereof.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

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 as long as the Executive EXHIBIT 10.1 receives the lump sum payments due under Section 9 hereunderhereunder (as may be reduced under Section 12), the Executive shall not be entitled to any other severance payments under the Company’s severance policy for officers and employees or under any individual severance agreement or arrangement the Executive’s letter agreement providing for severance, dated Executive may have entered into with the date hereofCompany.

Appears in 1 contract

Samples: Change in 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 as long as the Executive EXHIBIT 10.FF receives the lump sum payments due under Section 9 hereunderhereunder (as may be reduced under Section 12), the Executive shall not be entitled to any other severance payments under the Company’s severance policy for officers and employees or under any individual severance agreement or arrangement the Executive’s letter agreement providing for severance, dated Executive may have entered into with the date hereofCompany.

Appears in 1 contract

Samples: 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 as long as if the Executive receives the lump sum payments due under Section 9 received any payment hereunder, the Executive he shall not be entitled to any other severance payments payment under the Company’s 's severance policy policies for officers and employees or under any employment agreement between Executive and the Executive’s letter agreement providing for severance, Company including the Employment Agreement dated the date hereof[DATE].

Appears in 1 contract

Samples: Change (Peapack Gladstone Financial Corp)

AutoNDA by SimpleDocs

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 as long as the Executive 101145275.3 EXHIBIT 10.JJ receives the lump sum payments due under Section 9 hereunderhereunder (as may be reduced under Section 12), the Executive shall not be entitled to any other severance payments under the Company’s severance policy for officers and employees or under any individual severance agreement or arrangement the Executive’s letter agreement providing for severance, dated Executive may have entered into with the date hereofCompany.

Appears in 1 contract

Samples: 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 as long as the Executive receives the lump sum payments due under Section 9 hereunderhereunder (as may be reduced under Section 12), the Executive shall not be entitled to any other severance payments under the Company’s severance policy for officers and employees or under any individual severance agreement or arrangement the Executive’s letter agreement providing for severance, dated Executive may have entered into with the date hereof.Company. 101569757.1 EXHIBIT 10.DD

Appears in 1 contract

Samples: Change in Control Agreement (Valley National Bancorp)

Time is Money Join Law Insider Premium to draft better contracts faster.