Common use of Noncumulation of Benefits Clause in Contracts

Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, prior to payment or receipt of benefits under this Agreement, the Executive waives Executive’s rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits.

Appears in 17 contracts

Samples: Executive Retention Agreement (authID Inc.), Executive Retention Agreement (authID Inc.), Executive Retention Agreement (Ipsidy Inc.)

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Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, that upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, unless prior to payment or receipt of benefits under this Agreement, Agreement the Executive waives Executive’s rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits.

Appears in 3 contracts

Samples: Change of Control and Retention Agreement (Diamond Foods Inc), Change of Control and Retention Agreement (Diamond Foods Inc), Change of Control and Retention Agreement (Diamond Foods Inc)

Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, that upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, unless prior to payment or receipt of benefits under this Agreement, Agreement the Executive waives Executive’s 's rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits.

Appears in 3 contracts

Samples: Change of Control and Retention Agreement (Kana Software Inc), Change of Control and Retention Agreement (Kana Software Inc), Change of Control and Retention Agreement (Diamond Foods Inc)

Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted restricted, stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, prior to payment or receipt of benefits under this Agreement, the Executive waives Executive’s rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits.

Appears in 1 contract

Samples: Executive Retention Agreement (Planet Payment Inc)

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Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement 6 with the Company which provides that, that upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, unless prior to payment or receipt of benefits under this Agreement, Agreement the Executive waives Executive’s rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits.

Appears in 1 contract

Samples: Change of Control and Retention Agreement (Diamond Foods Inc)

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