No Duplicate Benefits Clause Samples
The No Duplicate Benefits clause ensures that a party does not receive the same benefit, compensation, or reimbursement more than once for the same event or loss. In practice, this means that if a party is eligible for compensation from multiple sources, such as insurance policies or indemnities, they cannot claim or collect overlapping payments for the same incident. This clause is essential for preventing unjust enrichment and double recovery, thereby ensuring fairness and avoiding excessive payouts.
No Duplicate Benefits. Nothing in this Agreement shall cause duplicate benefits to be paid or provided to or with respect to a Transferred Employee under any employee benefit policies, plans, arrangements, programs, practices or agreements. References herein to a benefit with respect to a Transferred Employee shall include, where applicable, benefits with respect to any eligible dependents and beneficiaries of such Transferred Employee under the same employee benefit policy, plan, arrangement, program, practice or agreement.
No Duplicate Benefits. 47 8.1.7 Affiliate Employees..................................47 8.2
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that ▇▇. ▇▇▇▇▇▇▇ has received or is entitled to receive a Cash-Based Award under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the “BPP”) for the Performance Period which includes ▇▇. ▇▇▇▇▇▇▇’▇ Separation Date, then the amount of any such Cash-Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. Holland has received or is entitled to receive a Cash-Ba▇▇▇ ▇▇▇▇▇ ▇nder the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. Holland's Separation Date, then the amount of any such Cash-Based Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. Fanning has received or is entitled to receive a Cas▇-▇▇▇▇▇ ▇▇▇rd under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. Fanning's Separation Date, then the amount of any su▇▇ ▇▇▇▇-▇▇▇▇▇ Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. Garrett has received or is entitled to receive a Cash-B▇▇▇▇ ▇▇▇▇▇ under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. Garrett's Separation Date, then the amount of any such ▇▇▇▇-▇▇▇▇▇ ▇▇ard under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP. 28
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. Ratcliffe has received or is entitled to receive a Cash-B▇▇▇▇ ▇▇▇▇▇ ▇▇der the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. Ratcliffe's Separation Date, then the amount of any such ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇d under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. McCrary has received or is entitled to receive a Cash-Based Aw▇▇▇ ▇▇▇▇▇ ▇he PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. McCrary's Separation Date, then the amount of any such Cash-Ba▇▇▇ ▇▇▇▇▇ ▇▇▇er this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.
No Duplicate Benefits. Nothing in this Agreement shall cause duplicate benefits to be paid or provided to or with respect to a Continuing Employee under any employee benefit policies, plans, Contracts, programs, or practices. References herein to a benefit with respect to a Continuing Employee shall include, where applicable, benefits with respect to any eligible dependents and beneficiaries of such Continuing Employee under the same employee benefit policy, plan, Contract, program, or practice.
No Duplicate Benefits. Notwithstanding anything in this Section 2.2 to the contrary, in the event that Mr. Bowers has received or is entitled to receive a Cash-▇▇▇▇▇ ▇▇▇rd under the PPP or the PDP as determined under the provisions of the Southern Company Change in Control Benefits Protection Plan (the "BPP") for the Performance Period which includes Mr. Bowers' Separation Date, then the amount of any such ▇▇▇▇-▇▇▇▇d Award under this Plan shall be reduced dollar-for-dollar by any such amount received or to be received under the BPP.