Non-Duplication of Payment or Benefits. If: (i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a) and (B) the Executive will receive the payments and benefits under Section 3(b) instead but each of the payments and benefits otherwise payable under Section 3(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a).
Appears in 9 contracts
Samples: Change in Control and Severance Agreement (Anaplan, Inc.), Employment Agreement, Change in Control and Severance Agreement
Non-Duplication of Payment or Benefits. If: If (i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); 7(a) and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b7(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a7(a) and (B) the Executive will receive the payments and benefits under Section 3(b7(b) instead but each of the payments and benefits otherwise payable under Section 3(b7(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a7(a).
Appears in 5 contracts
Samples: Executive Employment Agreement (Nlight, Inc.), Executive Employment Agreement (Nlight, Inc.), Executive Employment Agreement (Nlight, Inc.)
Non-Duplication of Payment or Benefits. If:
(i) the Executive’s Qualified Termination occurs prior to a Change in of Control that qualifies the Executive for severance payments and benefits under Section 3(b) and (ii) a Change of Control occurs within the three-month period following the Executive’s Qualified Termination that qualifies the Executive for severance payments and benefits under Section 3(a); and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a3(b) and (B) the Executive will receive the payments and benefits under Section 3(b3(a) instead but each of the payments and benefits otherwise payable under Section 3(b3(a) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a3(b).
Appears in 3 contracts
Samples: Change of Control and Severance Agreement (Talend S.A.), Change of Control and Severance Agreement (Talend S.A.), Change of Control and Severance Agreement (Talend SA)
Non-Duplication of Payment or Benefits. If:
(i) the Executive’s Qualified Termination occurs prior to a Change in of Control that qualifies Executive for severance payments and benefits under Section 3(a); 4(a) and (ii) a Change in of Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b4(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a4(a) and (B) the Executive will receive the payments and benefits under Section 3(b4(b) instead but each of the payments and benefits otherwise payable under Section 3(b4(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a4(a).
Appears in 3 contracts
Samples: Change of Control and Severance Agreement (Block, Inc.), Change of Control and Severance Agreement (Square, Inc.), Change of Control and Severance Agreement (Square, Inc.)
Non-Duplication of Payment or Benefits. If: If (i) the Executive’s Qualified Termination qualified termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); ) and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination qualified termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a) and (B) the Executive will receive the payments and benefits under Section 3(b) instead but each of the payments and benefits otherwise payable under Section 3(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a).
Appears in 2 contracts
Samples: Change in Control and Severance Agreement (QuantumScape Corp), Change in Control and Severance Agreement (QuantumScape Corp)
Non-Duplication of Payment or Benefits. If:
(i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); ) and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a) and (B) the Executive will receive the payments and benefits under Section 3(b) instead but each of the payments and benefits otherwise payable under Section 3(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a).
Appears in 1 contract
Non-Duplication of Payment or Benefits. If: If (i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); ) and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a) and (B) the Executive will receive the payments and benefits under Section 3(b) instead but each of the payments and benefits otherwise payable under Section 3(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a).
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Dropbox, Inc.)
Non-Duplication of Payment or Benefits. If: If (i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(aSections 7(a) or 7(b); , as applicable, and (ii) a Change in Control occurs within the 3-month 3‑month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b7(c), then (A) the Executive will cease receiving any further payments or benefits under Section 3(aSections 7(a) or 7(b), as applicable, and (B) the Executive will receive the payments and benefits under Section 3(b7(c) instead but each of the payments and benefits otherwise payable under Section 3(b7(c) will be offset by the corresponding payments or benefits the Executive already received under Section 3(aSections 7(a) or 7(b), as applicable.
Appears in 1 contract
Samples: Executive Employment Agreement (Advance Holdings, LLC)
Non-Duplication of Payment or Benefits. If:
(i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a); ) and (ii) a Change in Control occurs within the 3-month 3‑month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a) and (B) the Executive will receive the payments and benefits under Section 3(b) instead but each of the payments and benefits otherwise payable under Section 3(b) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a3(a).
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Dropbox, Inc.)
Non-Duplication of Payment or Benefits. If: (i) the Executive’s Qualified Termination occurs prior to a Change in Control that qualifies Executive for severance payments and benefits under Section 3(a3(b); and (ii) a Change in Control occurs within the 3-month period following Executive’s Qualified Termination that qualifies Executive for severance payments and benefits under Section 3(b3(c), then (A) the Executive will cease receiving any further payments or benefits under Section 3(a3(b) and (B) the Executive will receive the payments and benefits under Section 3(b3(c) instead but each of the payments and benefits otherwise payable under Section 3(b3(c) will be offset by the corresponding payments or benefits the Executive already received under Section 3(a3(b).
Appears in 1 contract
Samples: Change in Control and Severance Agreement (Anaplan, Inc.)