No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement or the Distribution Agreement, no participant in the Allegion Benefit Plans shall receive benefits that duplicate benefits provided by the corresponding IR Benefit Plan. Furthermore, unless expressly provided for in this Agreement or the Distribution Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distribution of benefits or entitlements to any compensation or Benefit Plan on the part of any IR Group Employee, Former IR Group Employee, Allegion Group Employee or Former Allegion Group Employee.
Appears in 3 contracts
Samples: Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Ingersoll-Rand PLC), Employee Matters Agreement (Allegion PLC)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement or the Distribution Agreement, no participant in the Allegion Benefit Plans shall receive benefits that duplicate benefits provided by the corresponding IR Benefit Plan. Furthermore, unless expressly provided for in this Agreement or the Distribution Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distribution of benefits or entitlements to any compensation or Benefit Plan on the part of any IR Group Employee, Former IR Group Employee, Allegion Group Employee or Former Allegion Group Employee. Section 2.5.
Appears in 1 contract
Samples: Matters Agreement
