Common use of Exclusive Severance Benefit Clause in Contracts

Exclusive Severance Benefit. The severance pay provided for in Section 5 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates from time to time. Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect.

Appears in 4 contracts

Samples: Change in Control Agreement (Regions Financial Corp), Change in Control Agreement (Regions Financial Corp), Change in Control Agreement (Regions Financial Corp)

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Exclusive Severance Benefit. The severance pay provided for in Section 5 4 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates from time to time. Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s 's employee benefit plans and other applicable programs and practices then in effect.

Appears in 2 contracts

Samples: Change in Control Agreement (Regions Financial Corp), Change in Control Agreement (Regions Financial Corp)

Exclusive Severance Benefit. The severance pay provided for in Section 5 4 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates from time to time. Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect.

Appears in 1 contract

Samples: Change in Control Agreement (Regions Financial Corp)

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Exclusive Severance Benefit. The severance pay provided for in Section 5 4 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates from time to time. , Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect.

Appears in 1 contract

Samples: Change in Control Agreement (Regions Financial Corp)

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