Common use of EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS Clause in Contracts

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Company and the Employee, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Employee is subject to receiving fewer benefits than those available to him without reference to this Agreement.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (SFS Bancorp Inc), Change in Control Severance Agreement (SFS Bancorp Inc), Change in Control Severance Agreement (HMN Financial Inc)

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EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Company Bank and the Employee, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Employee is subject to receiving fewer benefits than those available to him her without reference to this Agreement.

Appears in 2 contracts

Samples: Control Agreement (First Federal Banc of the Southwest Inc), First Federal Banc of the Southwest Inc

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Company Bank and the Employee, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Employee is subject to receiving fewer benefits than those available to him without reference to this Agreement.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Sho Me Financial Corp)

EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Company Association and the Employee, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that the Employee is subject to receiving fewer benefits than those available to him without reference to this Agreement. 8.

Appears in 1 contract

Samples: Control Severance Agreement (Ps Financial Inc)

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EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Company or any predecessor of the Company and the Employee, except that this Executive (including without limitation the N2K Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere providedas described in Section 2). No provision of this Agreement shall be interpreted to mean that the Employee Executive is subject to receiving fewer benefits than those available to him under the Company's benefit plans without reference to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Cdnow N2k Inc)

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