Common use of Effect and Modification Clause in Contracts

Effect and Modification. This Agreement comprises the entire agreement between the parties with respect to the subject matter hereof and supersedes all earlier agreements relating to the subject matter hereof; provided that this Agreement is not intended to and shall not be deemed to be in lieu of any rights, benefits, and privileges to which the Executive may be entitled as an Executive of the Company under any retirement, pension, profit sharing, stock ownership, stock option, insurance, or hospital plan, or other plans, benefits, programs, and policies which may now be in effect or which may hereafter be adopted. It is understood that the Executive shall have the same rights and privileges to participate in such plans, benefits, programs, and policies as any other executive during his period of employment. No statement or promise, except as herein set forth, has been made with respect to the subject matter of this Agreement. The headings of the individual sections herein are for convenience only and shall not be deemed to be a substantive part of this Agreement. No modification or amendment hereof shall be effective unless in writing and signed by the Executive and the Company.

Effect and Modification. This Agreement comprises the entire agreement between the parties with respect to the subject matter hereof and supersedes all earlier agreements relating to the subject matter hereof; provided that this Agreement is not intended to and shall not be deemed to be in lieu of any rights, benefits, and privileges to which the Executive may be entitled as an Executive of the Company under any retirement, pension, profit sharing, stock ownership, stock option, insurance, or hospital plan, or other plans, benefits, programs, and policies which may now be in effect or which may hereafter be adopted. It is understood that the Executive shall have the same rights and privileges to participate in such plans, benefits, programs, and policies as any other executive Executive during his period of employment. No statement or promise, except as herein set forth, has been made with respect to the subject matter of this Agreement. The headings of the individual sections herein are for convenience only and shall not be deemed to be a substantive part of this Agreement. No modification or amendment hereof shall be effective unless in writing and signed by the Executive and the Company.