Effect on Other Obligations. Payments and benefits under this Agreement shall be in lieu of any severance payments or benefits provided to Executive under any other severance pay plan, policy or arrangement of or with the Company. Executive shall not be required to mitigate the amount of any payment provided for in Section 2 by seeking other employment or otherwise, nor shall the amount of any payment provided for in Section 2 be reduced by any compensation earned by Executive as the result of employment by another employer after Executive’s termination of employment, or otherwise, with the exception of a reduction in Executive’s medical, dental and vision benefits and Executive’s perquisites as provided in Section 2(d)(ii)-(iii), and as provided in Section 11.
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Samples: Form of Severance Benefit Agreement (SPX Technologies, Inc.), Form of Severance Benefit Agreement (SPX Corp)
Effect on Other Obligations. Payments and benefits under this Agreement shall be in lieu of any severance payments or benefits provided to Executive under any other severance pay plan, policy or arrangement of or with the Company. Executive shall not be required to mitigate the amount of any payment provided for in Section 2 5 by seeking other employment or otherwise, nor shall the amount of any payment provided for in Section 2 5 be reduced by any compensation earned by Executive as the result of employment by another employer after Executive’s termination of employment, or otherwise, with the exception of a reduction in Executive’s medical, dental and vision benefits and Executive’s perquisites as provided in Section 2(d)(ii)-(iii5(d)(ii)-(iii), and as provided in Section 1114.
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Samples: Employment Agreement (SPX Corp)
Effect on Other Obligations. Payments and benefits under this Agreement shall be in lieu of any severance payments or benefits provided to the Executive under any other severance pay plan, policy or arrangement of or with the Company. The Executive shall not be required to mitigate the amount of any payment provided for in Section 2 by seeking other employment or otherwise, nor shall the amount of any payment provided for in Section 2 be reduced by any compensation earned by the Executive as the result of employment by another employer after the Executive’s termination of employment, or otherwise, with the exception of a reduction in the Executive’s medical, dental and vision benefits and the Executive’s perquisites as provided in Section 2(d)(ii)-(iii), and as provided in Section 11.
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Effect on Other Obligations. Payments and benefits under this Agreement shall be in lieu of any severance payments or benefits provided to the Executive under any other severance pay plan, policy or arrangement of or with the Company. The Executive shall not be required to mitigate the amount of any payment provided for in Section 2 5 by seeking other employment or otherwise, nor shall the amount of any payment provided for in Section 2 5 be reduced by any compensation earned by the Executive as the result of employment by another employer after the Executive’s termination of employment, or otherwise, with the exception of a reduction in the Executive’s medical, dental and vision benefits and the Executive’s perquisites as provided in Section 2(d)(ii)-(iii5(d)(ii)-(iii), and as provided in Section 11.14
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