Common use of Effect on Existing Plans Clause in Contracts

Effect on Existing Plans. This Agreement and the payments provided hereunder supersede the Company’s existing severance and benefit plans, policies and agreements existing now and at the time of termination with respect to severance or termination benefits provided to Employee in the event of termination of employment during the eighteen (18) month period following a Change in Control, and are not in addition thereto.

Appears in 4 contracts

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

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Effect on Existing Plans. This Agreement and the payments provided hereunder supersede the Company’s 's existing severance and benefit plans, policies and agreements existing now and at the time of termination with respect to severance or termination benefits provided to Employee in the event of termination of employment during the eighteen (18) month period following a Change in Control, and are not in addition thereto.

Appears in 1 contract

Samples: Change in Control Agreement (Qad Inc)

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