Common use of Non-Duplication of Benefits; No Interest Clause in Contracts

Non-Duplication of Benefits; No Interest. Except as provided in this Agreement, in the event of the termination of Executive's employment, his rights under any benefit plans in which he is a participant shall be determined in accordance with the terms of the plans and by applicable law. Notwithstanding any other provision in this Agreement, nothing in this Agreement shall result in a duplication of payments or benefits provided under this Section 3, nor shall anything in this Agreement require Viewpoint to make any payment or to provide any benefit to Executive that Viewpoint is otherwise required to provide under any other contract, agreement or arrangement. No interest shall accrue on or be paid with respect to any portion of any payments hereunder, except as required by law.

Appears in 2 contracts

Samples: Employment Agreement (Viewpoint Corp), Employment Agreement (Viewpoint Corp)

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Non-Duplication of Benefits; No Interest. Except as provided in this Agreement, in In the event of the termination of Executive's ’s employment, his rights under any benefit plans in which he is a participant shall be determined in accordance with the terms of the plans and by applicable law. Notwithstanding any other provision in this Agreement, nothing in this Agreement shall result in a duplication of payments or benefits provided under this Section 3, nor shall anything in this Agreement require Viewpoint to make any payment or to provide any benefit to Executive that Viewpoint is otherwise required to provide under any other contract, agreement or arrangement. No interest shall accrue on or be paid with respect to any portion of any payments hereunder, except as required by law.

Appears in 2 contracts

Samples: Employment Agreement (Viewpoint Corp), Employment Agreement (Viewpoint Corp)

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Non-Duplication of Benefits; No Interest. Except as provided in this Agreement, in the event of the termination of Executive's ’s employment, his rights under any benefit plans in which he is a participant shall be determined in accordance with the terms of the plans and by applicable law. Notwithstanding any other provision in this Agreement, nothing in this Agreement shall result in a duplication of payments or benefits provided under this Section 3, nor shall anything in this Agreement require Viewpoint to make any payment or to provide any benefit to Executive that Viewpoint is otherwise required to provide under any other contract, agreement or arrangement. No interest shall accrue on or be paid with respect to any portion of any payments hereunder, except as required by law.

Appears in 1 contract

Samples: Employment Agreement (Viewpoint Corp)

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