Common use of No Acceleration of Benefits Clause in Contracts

No Acceleration of Benefits. Except as otherwise provided in this Agreement, no provision of this Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any SpinCo Employee or other former, current or future employee of the DevCo Group or SpinCo Group under any Benefit Arrangement of the DevCo Group or SpinCo Group.

Appears in 4 contracts

Samples: Employee Matters Agreement (Aimco Properties L.P.), Employee Matters Agreement (Aimco OP L.P.), Employee Matters Agreement (Aimco OP L.P.)

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No Acceleration of Benefits. Except as otherwise provided in this Agreement or in the Distribution Agreement, no provision of this Agreement or the Distribution Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any SpinCo Spinco Employee or Spinco Individual or other formerfuture, current present or future former employee of the DevCo AT Co. Group or SpinCo Spinco Group under any Benefit Arrangement benefit plans, policies, and compensation programs of the DevCo AT Co. Group or SpinCo Spinco Group.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Valor Communications Group Inc), Employee Benefits Agreement (Valor Communications Group Inc), Employee Benefits Agreement (Alltel Corp)

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