Common use of Coordination With Other Agreements Clause in Contracts

Coordination With Other Agreements. The Executive, the Company and Related ---------------------------------- Entities may be parties to other agreements, policies, plans, programs or arrangements relating to Executive's employment. The Executive and the Company agree that this Agreement shall be construed and interpreted so that amounts are paid and benefits are provided under this Agreement only if and to the extent that similar amounts and benefits are not paid and provided under any other similar agreements, policies, plans, programs or arrangements. Without limiting the foregoing, the Company and the Executive agree that any amounts payable or benefits provided under subsections 4(a) through 4(g) of this Agreement shall be reduced by any similar amounts or benefits that Executive receives under any employment or employment-related agreement between the Executive and the Company or any Related Entity and any other similar agreements, policies, plans, programs or arrangements between the Executive and the Company or Related Entities and by the present value (determined as provided in Section 280G(d)(4) of the Code) of any other amount of severance relating to salary or bonus continuation to which Executive may be entitled under any other severance plan, policy or arrangement of the Company or any Related Entity; it being the intent of both Executive and the Company and Related Entities not to provide to Executive any duplicative payments or benefits hereunder.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (Intelidata Technologies Corp), Change in Control Severance Agreement (Intelidata Technologies Corp), Change in Control Severance Agreement (Intelidata Technologies Corp)

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