Common use of Benefits to be Provided Clause in Contracts

Benefits to be Provided. If the Executive becomes eligible for benefits under Section 1 above, the Company shall pay or provide to Executive the compensation and benefits set forth in this Section 2; provided, however, that the compensation and benefits to be paid or provided pursuant to paragraphs (a), (b), (c), (d) and (e) of this Section 2 shall be reduced to the extent that the Executive receives or is entitled to receive upon his termination the compensation and benefits (but only to the extent he actually receives such compensation and benefits) described in paragraphs (a), (b), (c), (d) and (e) of this Section 2 pursuant to the terms of an employment agreement with the Company or as a result of a breach by the Company of the employment agreement; and provided, however, that notwithstanding contrary provisions in the employment agreement, to the extent benefits are actually paid or provided under this Agreement, the benefits shall be provided in lump sum payments where specified in paragraphs (a), (b), and (d) below.

Appears in 8 contracts

Samples: Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc)

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Benefits to be Provided. If the Executive becomes eligible for benefits under Section 1 above, the Company shall pay or provide to Executive the compensation and benefits set forth in this Section 2; provided, however, that the compensation and benefits to be paid or provided pursuant to paragraphs (a), (b), (c), (d) and (ed) of this Section 2 shall be reduced to the extent that the Executive receives or is entitled to receive upon his termination the compensation and benefits (but only to the extent he actually receives such compensation and benefits) described in paragraphs (a), (b), (c), (d) and (ed) of this Section 2 pursuant to the terms of an employment agreement with the Company or as a result of a breach by the Company of the employment agreement; and provided, however, that notwithstanding contrary provisions in the employment agreement, to the extent benefits are actually paid or provided under this Agreement, the benefits shall be provided in lump sum payments where specified in paragraphs (a), ) and (b), and (d) below.

Appears in 3 contracts

Samples: Change in Control Agreement (Miller Industries Inc /Tn/), Change in Control Agreement (Miller Industries Inc /Tn/), Change in Control Agreement (Miller Industries Inc /Tn/)

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Benefits to be Provided. If the Executive becomes eligible for ----------------------- benefits under Section 1 above, the Company shall pay or provide to Executive the compensation and benefits set forth in this Section 2; provided, however, that the compensation and benefits to be paid or provided pursuant to paragraphs (a), (b), (c), (d) and (ed) of this Section 2 shall be reduced to the extent that the Executive receives or is entitled to receive upon his termination the compensation and benefits (but only to the extent he actually receives such compensation and benefits) described in paragraphs (a), (b), (c), (d) and (ed) of this Section 2 pursuant to the terms of an employment agreement with the Company or as a result of a breach by the Company of the employment agreement; and provided, however, that notwithstanding contrary provisions in the employment agreement, to the extent benefits are actually paid or provided under this Agreement, the benefits shall be provided in lump sum payments where specified in paragraphs (a), ) and (b), and (d) below.

Appears in 1 contract

Samples: Change in Control Agreement (Miller Industries Inc /Tn/)

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