Common use of Exclusive Severance Benefit Clause in Contracts

Exclusive Severance Benefit. Notwithstanding the foregoing provisions of this Article 4, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any benefits under the Uniti Group Inc. Severance Program or any other severance or reduction‑in‑force plan, program, policy, agreement or arrangement maintained by the Corporation or an Affiliate (not including an equity award agreement, retirement or deferred compensation plan or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or which may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment) and in lieu of any severance or separation pay benefit that may be required under applicable law.

Appears in 6 contracts

Samples: Severance Agreement (Uniti Group Inc.), Severance Agreement (Uniti Group Inc.), Severance Agreement (Uniti Group Inc.)

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Exclusive Severance Benefit. Notwithstanding the foregoing provisions of this Article 4Agreement, and except as specifically provided belowherein, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any benefits under the Uniti Group Inc. Severance Program or any other severance or reduction‑in‑force reduction-in-force plan, program, policy, agreement or arrangement maintained by the Corporation or an Affiliate affiliate (not including an equity award agreement, retirement or deferred compensation plan or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or which may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment) and in lieu of any severance or separation pay benefit that may be required under applicable law.. (Signatures are on the following page)

Appears in 1 contract

Samples: Employment Agreement (Uniti Group Inc.)

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Exclusive Severance Benefit. Notwithstanding the foregoing provisions of this Article 4III, and except as specifically provided below, any severance payments or benefits received by Executive pursuant to this Agreement shall be in lieu of any benefits under the Uniti Group Inc. Windstream Severance Program Pay Plan or any other severance or reduction‑in‑force plan, program, policy, agreement or arrangement maintained by the Corporation Company or an Affiliate (not including an equity award agreement, retirement or deferred compensation plan or similar plan or agreement which may contain provisions operative on a termination of Executive’s employment or which may incidentally refer to accelerated vesting or accelerated payment upon a termination of employment) and in lieu of any severance or separation pay benefit that may be required under applicable law. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement.

Appears in 1 contract

Samples: Control and Severance Agreement (Windstream Services, LLC)

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