Common use of Overall Qualification Clause in Contracts

Overall Qualification. Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as (i) such action is taken generally with respect to other similarly situated persons and does not single out Employee, and (ii) Employer makes provision that all benefits accrued to Employee to the date such plan is terminated will be paid to Employee.

Appears in 6 contracts

Samples: Employment Agreement (International Aircraft Investors), Employment Agreement (International Aircraft Investors), Employment Agreement (International Aircraft Investors)

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