Common use of Nonduplication Clause in Contracts

Nonduplication. Nothing in this Agreement shall require the Company to make any payment or to provide any benefit or service credit that GTE, the Company, or any affiliate of either of them (the "GTE Group") is required to provide with respect to the Executive under any other contract, agreement, policy, plan, or arrangement, including a separation policy or employment agreement ("Other Agreement"). In order to accomplish the foregoing, if the GTE Group is required, under any Other Agreement, to make any payment or to provide any benefit or service credit that also is required to be made or to be provided under this Agreement, the payment, benefit, or service credit required by this Agreement shall be reduced by the payment, benefit, or service credit that the GTE Group is required to make or to provide with respect to the Executive under the Other Agreement.

Appears in 6 contracts

Samples: Executive Severance Agreement (Gte California Inc), Executive Severance Agreement (Gte Northwest Inc), Executive Severance Agreement (Gte Southwest Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!