Common use of Effect on Existing Plans Clause in Contracts

Effect on Existing Plans. All Change of Control provisions applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on or after the date hereof by the Company (including, but not limited to, any stock option, restricted stock or pension plan) shall remain in effect for such period after the date of a Change of Control as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's prior written approval.

Appears in 2 contracts

Samples: Severance Agreement (Affiliated Computer Services Inc), Severance Agreement (Affiliated Computer Services Inc)

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Effect on Existing Plans. All Change of Control provisions applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on or after the date hereof by the Company (including, but not limited to, any stock option, restricted stock or pension plan) shall remain in effect for such period after the date of a Change of Control as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's prior written approval.

Appears in 2 contracts

Samples: Executive Retention Agreement (Terra Industries Inc), Executive Retention Agreement (Terra Industries Inc)

Effect on Existing Plans. All provisions relating to a Change of in Control provisions Event applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on the Termination Date (or after the date hereof thereafter) by the Company (Corporation, including, but not limited to, any stock option, restricted stock or pension retirement plan) , shall remain in effect through the date of the Change in Control Event, and for such period after the date of a Change of Control thereafter as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's ’s express prior written approval.

Appears in 1 contract

Samples: Termination Protection Agreement (Bowne & Co Inc)

Effect on Existing Plans. All provisions relating to a Change of Control provisions Event applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on the Termination Date (or after the date hereof thereafter) by the Company (Corporation, including, but not limited to, any stock option, restricted stock or pension retirement plan) , shall remain in effect through the date of the Change of Control Event, and for such period after the date of a Change of Control thereafter as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's express prior written approval.

Appears in 1 contract

Samples: Revised Termination Protection Agreement (Bowne & Co Inc)

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Effect on Existing Plans. All Change of Control provisions ------------------------ applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on the Effective Date (or after the date hereof thereafter) by the Company Regal- Beloit (including, but not limited to, any stock option, restricted stock or pension plan) shall remain in effect for such period after through the date of a Change of Control Control, and for such period thereafter as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's prior written approval.

Appears in 1 contract

Samples: Change of Control Agreement (Regal Beloit Corp)

Effect on Existing Plans. All provisions relating to a Change of Control provisions Event applicable to the Executive and contained in any plan, program, agreement or arrangement maintained on the Effective Date (or after the date hereof thereafter) by the Company (Corporation, including, but not limited to, any stock option, restricted stock or pension retirement plan) , shall remain in effect through the date of the Change of Control Event, and for such period after the date of a Change of Control thereafter as is necessary to carry out such provisions and provide the benefits payable thereunder, and may not be altered in a manner which adversely affects the Executive without the Executive's express prior written approval. 4.

Appears in 1 contract

Samples: Termination Protection Agreement Agreement (Bowne & Co Inc)

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