Common use of Rights Under Other Plans, Policies Clause in Contracts

Rights Under Other Plans, Policies. Practices and Agreements. Other than to the extent expressly provided herein, this Agreement does not supersede any other plans, policies, and/or practices of the Corporation. To the extent that any provision of any Benefit Plan limits, qualifies or is inconsistent with any of the benefits provided under this Agreement, then, for purposes of this Agreement, while such other Benefit Plans remains in force, the provisions of this Agreement will control and such provision of such other Benefit Plan will be deemed to have been superseded and to be of no force or effect, as if such other agreement had been formally amended to the extent necessary to accomplish such purpose. Nothing in this Agreement prevents or limits the Executive's continuing or future participation in any Benefit Plan provided by the Corporation and nothing in this Agreement limits or otherwise affects the rights the Executive may have under any Benefit Plans with the Corporation. Amounts that are vested benefits or which the Executive is otherwise entitled to receive under any Benefit Plan with the Corporation at or subsequent to the Termination Date will be payable in accordance with such Benefit Plan.

Appears in 4 contracts

Samples: Employment Agreement (Sheffield Pharmaceuticals Inc), Employment Agreement (Sheffield Pharmaceuticals Inc), Employment Agreement (Sheffield Pharmaceuticals 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!