Common use of INDEPENDENCE OF BENEFITS Clause in Contracts

INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employee, whether as salary, bonus or otherwise. This Agreement does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and does not in any way affect or reduce the existing and future compensation and other benefits of Employee.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Fortegra Financial Corp), Deferred Compensation Agreement (Fortegra Financial Corp), Deferred Compensation Agreement (Fortegra Financial Corp)

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INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employee, whether as salary, bonus or otherwise. This Agreement does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and Employee, nor does not it in any way affect or reduce the existing and or future compensation and or other benefits of Employee.

Appears in 4 contracts

Samples: Continuation Agreement (Interface Inc), Salary Continuation Agreement (Interface Inc), Salary Continuation Agreement (Interface Inc)

INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employeecompensation, whether as by salary, or bonus or otherwise, payable under any other employment agreements that now or may in the future exist between the Company and the Employee. This Agreement between the Company and the Employee does not involve a reduction in salary or a foregoing of an increase in the future salary by Employee and does the Employee. This Agreement shall not in any way affect or reduce the existing and future compensation and other benefits of the Employee.

Appears in 4 contracts

Samples: Executive Supplemental Retirement Plan (American Precision Industries Inc), Supplemental Retirement Plan (American Precision Industries Inc), Executive Supplemental Retirement Plan (American Precision Industries Inc)

INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employeecompensation, whether as by salary, or bonus or otherwise, payable under any Employment agreements that now exist or may hereafter exist from time to time between the Corporation and the Employee. This Agreement between the Corporation and the Employee does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and the Employee, nor does not the Agreement in any way affect or reduce the existing and future compensation and other benefits of the Employee.

Appears in 1 contract

Samples: Non Qualified Executive Supplemental Retirement Income Deferred Compensation Agreement (Bayonne Bancshares Inc)

INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employeecompensation, whether as by salary, bonus bonus, retirement benefit or otherwise. This Agreement does not involve a reduction in salary , payable under any other arrangements which now exist or a foregoing of an increase in future salary by Employee may hereafter exist between the Employer and does not in any way affect or reduce the existing and future compensation and other benefits of Employee.

Appears in 1 contract

Samples: Salary Continuation Agreement (Independence Holding Co)

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INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employee, whether as salary, bonus bonus, severance payments pursuant to the terms of an employment agreement, or otherwise. This Agreement does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and Employee, nor does not it in any way affect or reduce the existing and or future compensation and or other benefits of Employee.

Appears in 1 contract

Samples: Continuation Agreement (Interface Inc)

INDEPENDENCE OF BENEFITS. -7- 8 The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employeecompensation, whether as by salary, or bonus or otherwise, payable under any other employment agreements that now exist or may hereafter exist from time to time between the Company and the Employee. This Agreement between the Company and the Employee does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and the Employee. Nor does not the Agreement in any way affect or reduce the existing and future compensation and other benefits of the Employee.

Appears in 1 contract

Samples: American Precision Industries Inc

INDEPENDENCE OF BENEFITS. The benefits payable under this Agreement shall be independent of, and in addition to, any other benefits or compensation payable by the Company to Employeecompensation, whether as by salary, or bonus or otherwise, payable under any other employment agreements that now exist or may hereafter exist from time to time between the Company and the Employee. This Agreement between the Company and the Employee does not involve a reduction in salary or a foregoing of an increase in future salary by Employee and the Employee. Nor does not the Agreement in any way affect or reduce the existing and future compensation and other benefits of the Employee.

Appears in 1 contract

Samples: American Precision Industries Inc

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