Common use of Executive Deferred Compensation Agreement Clause in Contracts

Executive Deferred Compensation Agreement. In the event of a Change in Control as defined in this Agreement, a Change in Control of the Company shall also be deemed to have occurred for the purpose of Section 10.1 of the Executive Deferred Compensation Agreement (the "Executive Deferred Compensation Agreement") dated as of January 18, 1999 between the Company and Employee, so that effective with the occurrence of the Change in Control, Employee shall be treated for purposes of the Executive Deferred Compensation Agreement as if Employee had attained age 60 on the first day of the second calendar month preceding the calendar month in which the Change in Control of the Company occurs, and Employee's Vesting Factor under Section 1.4 of the Executive Deferred Compensation Agreement shall become and forever thereafter remain 1.

Appears in 2 contracts

Samples: Severance Agreement (PLM International Inc), Severance Agreement (PLM International Inc)

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Executive Deferred Compensation Agreement. In the event of a Change in Control as defined in this Agreement, a Change in Control of the Company shall also be deemed to have occurred for the purpose of Section 10.1 of the Executive Deferred Compensation Agreement (the "Executive Deferred Compensation Agreement") dated as of January December 18, 1999 1992 between the Company and Employee, so that effective with the occurrence of the Change in Control, Employee shall be treated for purposes of the Executive Deferred Compensation Agreement as if Employee had attained age 60 on the first day of the second calendar month preceding the calendar month in which the Change in Control of the Company occurs, and Employee's Vesting Factor under Section 1.4 of the Executive Deferred Compensation Agreement shall become and forever thereafter remain 1.

Appears in 2 contracts

Samples: Severance Agreement (PLM International Inc), Severance Agreement (PLM International Inc)

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Executive Deferred Compensation Agreement. In the event of a Change in Control as defined in this Agreement, a Change in Control of the Company shall also be deemed to have occurred for the purpose of Section 10.1 of the Executive Deferred Compensation Agreement (the "Executive Deferred Compensation Agreement") dated as of January 18July 3, 1999 1993 between the Company and Employee, so that effective with the occurrence of the Change in Control, Employee shall be treated for purposes of the Executive Deferred Compensation Agreement as if Employee had attained age 60 on the first day of the second calendar month preceding the calendar month in which the Change in Control of the Company occurs, and Employee's Vesting Factor under Section 1.4 of the Executive Deferred Compensation Agreement shall become and forever thereafter remain 1.

Appears in 1 contract

Samples: Severance Agreement (PLM International Inc)

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