Common use of Prior Agreements; Other Agreements Clause in Contracts

Prior Agreements; Other Agreements. This Agreement supersedes the Change in Control Agreement, the Severance Agreement and the Supplemental Compensation Agreement, all of which shall cease to be of further force and effect on the execution and the delivery of this Agreement. The Company may attempt to negotiate or may request emergence bonuses or other retention or severance benefits as part of its plan of reorganization, if any. The Company and the Executive understand that there is no assurance that the Company will be successful or that the plan of reorganization, if any, will contain any emergence bonus or any other retention or severance benefits.

Appears in 4 contracts

Samples: Retention and Severance Agreement (Homeland Holding Corp), Retention and Severance Agreement (Homeland Holding Corp), Retention and Severance Agreement (Homeland Holding Corp)

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Prior Agreements; Other Agreements. This Agreement supersedes the Change in Control Agreement, the Severance Agreement and the Supplemental Compensation Agreement, all both of which shall cease to be of further force and effect on the execution and the delivery of this Agreement. This Agreement also supersedes the provisions of Section 9 of the Severance Agreement with respect to the severance benefits to be provided by Homeland. The Company may attempt to negotiate or may request emergence bonuses or other retention or severance benefits as part of its plan of reorganization, if any. The Company and the Executive understand that there is no assurance that the Company will be successful or that the plan of reorganization, if any, will contain any emergence bonus or any other retention or severance benefits.

Appears in 2 contracts

Samples: Retention and Severance Agreement (Homeland Holding Corp), Retention and Severance Agreement (Homeland Holding Corp)

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