Common use of General Severance Policies Clause in Contracts

General Severance Policies. The benefits provided to Executive pursuant to Sections 2.3, 2.4, 2.5 and 2.10 are in lieu of, and not in addition to, any benefits to which Executive may otherwise be entitled under any Company severance plan, policy or program; provided, however, that if the dollar value of the benefits to which Executive would otherwise be entitled under any Company severance plan, policy or program are more favorable in the aggregate to Executive than the dollar value of the benefits provided under this Agreement, he/she will be entitled to receive the additional benefits provided under such other plan, policy or program in accordance with the terms of the plan, policy or program to the extent the dollar value of such benefits exceeds the dollar value of the benefits provided under this Agreement. Notwithstanding the foregoing, in no event shall Executive’s entitlement to additional benefits under any other Company plan, policy or program replace or be a substitute for, or change the time or form of payment of, the benefits provided under this Agreement.

Appears in 4 contracts

Samples: Severance Agreement (Dupont Fabros Technology, Inc.), Severance Agreement (Dupont Fabros Technology, Inc.), Severance Agreement (DuPont Fabros Technology LP)

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General Severance Policies. The benefits provided to Executive pursuant to Sections 2.3, 2.4, 2.5 and 2.10 are in lieu of, and not in addition to, any benefits to which Executive may otherwise be entitled under any Company severance plan, policy or program; provided, however, that if the dollar value of the benefits to which Executive would otherwise be entitled under any Company severance plan, policy or program are more favorable in the aggregate to Executive than the dollar value of the benefits provided under this Agreement, he/she will be entitled to receive the additional benefits provided under such other plan, policy or program in accordance with the terms of the plan, policy or program to the extent the dollar value of such benefits exceeds the dollar value of the benefits provided under this Agreement. Notwithstanding the foregoing, in no event shall Executive’s 's entitlement to additional benefits under any other Company plan, policy or program replace or be a substitute for, or change the time or form of payment of, the benefits provided under this Agreement.

Appears in 2 contracts

Samples: Severance Agreement (DuPont Fabros Technology LP), Severance Agreement (DuPont Fabros Technology LP)

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General Severance Policies. The benefits provided to Executive pursuant to Sections 2.34.3, 2.44.4, 2.5 4.5 and 2.10 4.10 are in lieu of, and not in addition to, any benefits to which Executive may otherwise be entitled under any Company severance plan, severance policy or severance program; provided, however, that if the dollar value of the benefits to which Executive would otherwise be entitled under any Company severance plan, severance policy or severance program are more favorable in the aggregate to Executive than the dollar value of the benefits provided under this Agreement, he/she he will be entitled to receive the additional benefits provided under such other plan, policy or program in accordance with the terms of the plan, policy or program to the extent the dollar value of such benefits exceeds the dollar value of the benefits provided under this Agreement. Notwithstanding the foregoing, in no event shall Executive’s entitlement to additional benefits under any other Company plan, policy or program replace or be a substitute for, or change the time or form of payment of, the benefits provided under this Agreement.

Appears in 1 contract

Samples: Indemnification Agreement (Dupont Fabros Technology, Inc.)

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