Common use of No Duplication of Payment Clause in Contracts

No Duplication of Payment. For clarity, the payment of severance benefits under this Article III.C. shall be in lieu of, and not in addition to, any payments under Article III.B.(ii).

Appears in 4 contracts

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Transition Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

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No Duplication of Payment. For clarity, the payment of severance benefits under this Article III.C. shall be in lieu of, and not in addition to, any payments under Article III.B.(ii), unless any payments under Article III.B(ii) had been made as a result of a termination of employment during the portion of the Change in Control Period that is prior to the date of a Change in Control.

Appears in 1 contract

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

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