Common use of Special Assignment Clause in Contracts

Special Assignment. From August 1, 1997 through June 30, 1998 ("Special Assignment Period"), you will continue on the GTE Service Corporation (the "Company") payroll as an active employee in your new special assignment as Vice President and Associate General Counsel, reporting to me or my successor or designee. During the Special Assignment Period, you will work on special projects as assigned by me or my successor or designee. In addition, during the Special Assignment Period, you will continue to receive your base salary as in effect on July 31, 1997 and will receive all benefits that active employees receive, except that your EIP and LTIP participation will be governed by the terms of this Letter Agreement. Except as otherwise expressly provided herein, all perquisites provided by the Company will cease at the end of the Special Assignment Period. In the event the Company offers any new employee plans, any new, enhanced, or supplemental executive plans, or, except as expressly provided herein, any new grants, awards, or benefits under existing executive plans on or after July 31, 1997, you will not participate in such plans or receive such grants, awards, or benefits. You irrevocably resign from employment with GTE and the position of Vice President and Associate General Counsel effective June 30,

Appears in 7 contracts

Samples: Separation Agreement (Gte Florida Inc), Separation Agreement and General Release (Gte Southwest Inc), Separation Agreement and General Release (Gte South Inc)

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