Common use of Change in Control - Retirement and Welfare Benefits Clause in Contracts

Change in Control - Retirement and Welfare Benefits. The taking of any action by the Company that would directly or indirectly cause a Material Reduction in the Retirement and Welfare Benefits to which Executive is entitled under the Company's Retirement and Welfare Benefit plans in which Executive was participating on his Employment Date.

Appears in 5 contracts

Samples: Change in Control Agreement (Southern Co), Change in Control Agreement (Southern Co), Change in Control Agreement (Southern Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!