Common use of No Reduction Clause in Contracts

No Reduction. Amounts payable pursuant to this Section 13 shall not be reduced by the value of any benefits payable to Executive's estate or designated beneficiaries under any applicable life insurance plan or policy.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

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No Reduction. Amounts payable pursuant to this Section 13 shall not be reduced by the value of any benefits payable to Executive's ’s estate or designated beneficiaries under any applicable life insurance plan or policy, including without limitation, any policy contemplated by Section 6.6 of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Operating Co), Employment Agreement (Emmis Operating Co)

No Reduction. Amounts payable pursuant to this Section 13 shall not be reduced by the value of any benefits payable to Executive's ’s estate or designated beneficiaries under any applicable life insurance plan or policy.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

No Reduction. Amounts payable pursuant to this Section 13 shall not be reduced by the value of any benefits payable to Executive's estate or designated beneficiaries under any applicable life insurance plan or policy, including without limitation, any policy contemplated by Section 6.7 of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Emmis Communications Corp), Employment Agreement (Emmis Communications Corp)

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No Reduction. Amounts payable pursuant to this Section 13 shall not be reduced by the value of any benefits payable to Executive's ’s estate or designated beneficiaries under any applicable life insurance plan or policy, including without limitation, any policy contemplated by Section 6.4 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Emmis Communications Corp)

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