Common use of No Other Payments Clause in Contracts

No Other Payments. Except as provided in this Section 9, Executive shall not be entitled to receive any other payments or benefits from the Company due to the termination of Executive’s employment, including but not limited to, any employee benefits under any of the Company’s employee benefits plans or arrangements (other than at Executive’s expense under the Consolidated Omnibus Budget Reconciliation Act of 1985 or pursuant to the written terms of any pension benefit plan in which Executive is a participant in which the Company may have in effect from time to time) or any right to severance benefits. Notwithstanding the foregoing sentence, in the event of a termination of employment by Executive under the circumstances described in Section 9(b) hereof following a Change of Control, nothing in this Agreement shall reduce Executive’s entitlement, if any, to any payment or benefit pursuant to the LTIP resulting from Executive’s termination of employment following a Change of Control.

Appears in 7 contracts

Samples: Employment Agreement (Wiley John & Sons, Inc.), Employment Agreement (Wiley John & Sons, Inc.), Employment Agreement (Wiley John & Sons, Inc.)

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No Other Payments. Except as provided in this Section 9, Executive shall not be entitled to receive any other payments or benefits from the Company due to the termination of Executive’s employment, including but not limited to, any employee benefits under any of the Company’s employee benefits plans or arrangements (other than at Executive’s expense under the Consolidated Omnibus Budget Reconciliation Act of 1985 or pursuant to the written terms of any pension benefit plan in which Executive is a participant in which the Company may have in effect from time to time) or any right to severance benefits. Notwithstanding the foregoing sentence, in the event of a termination of employment by Executive under the circumstances described in Section 9(b) hereof following a Change of Control, nothing in this Agreement shall reduce Executive’s entitlement, if any, to any payment or benefit pursuant to the LTIP ELTIP resulting from Executive’s termination of employment following a Change of Control.

Appears in 2 contracts

Samples: Employment Agreement (Wiley John & Sons, Inc.), Employment Agreement (Wiley John & Sons, Inc.)

No Other Payments. Except as provided in this Section 9, Executive shall not be entitled to receive any other payments or benefits from the Company due to the termination of Executive’s 's employment, including but not limited to, any employee benefits under any of the Company’s 's employee benefits plans or arrangements (other than health benefits at Executive’s 's expense under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") or pursuant to the written terms of any pension benefit qualified 401(k) savings plan in which Executive is a participant or non- qualified deferred compensation plan in which the Company may have in effect from time to time) or any right to severance benefits. Notwithstanding the foregoing sentence, in the event of a termination of employment by Executive under the circumstances described in Section 9(b) hereof following a Change of Control, nothing in this Agreement shall reduce Executive’s 's entitlement, if any, to any payment or benefit pursuant to the LTIP resulting from Executive’s 's termination of employment following a Change of Control.

Appears in 1 contract

Samples: Employment Agreement (Wiley John & Sons, Inc.)

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No Other Payments. Except as provided in this Section 9, Executive shall not be entitled to receive any other payments or benefits from the Company due to the termination of Executive’s employment, including but not limited to, any employee benefits under any of the Company’s employee benefits plans or arrangements (other than health benefits at Executive’s expense under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) or pursuant to the written terms of any pension benefit qualified 401(k) savings plan in which Executive is a participant or non-qualified deferred compensation plan in which the Company may have in effect from time to time) or any right to severance benefits. Notwithstanding the foregoing sentence, in the event of a termination of employment by Executive under the circumstances described in Section 9(b) hereof following a Change of Control, nothing in this Agreement shall reduce Executive’s entitlement, if any, to any payment or benefit pursuant to the LTIP resulting from Executive’s termination of employment following a Change of Control.

Appears in 1 contract

Samples: Employment Agreement (Wiley John & Sons, Inc.)

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