Common use of SOLE SEVERANCE; OTHER BENEFITS Clause in Contracts

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid the entitlements due under Section 4(b), such payments shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s benefit or compensation arrangements, including, without limitation, any long term incentive plans or stock option plans.

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid the entitlements due under Section 4(b), such payments shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s 's benefit or compensation arrangements, including, without limitation, any long term incentive plans, stock option plans or stock option equity participation rights plans. This Agreement supercedes any Change in Control Agreement previously in effect between the Executive and the Corporation.

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid receives the entitlements payments and benefits due under Section 4(b)4, such payments and benefits shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. For greater certainty, the payments under Section 4 are in satisfaction of the Executive’s entitlement to a retiring allowance. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s benefit or compensation arrangements, including, without limitation, any long term incentive plans or stock option equity incentive award plans.

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid the entitlements due under Section 4(b), such payments shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s benefit or compensation arrangements, including, without limitation, any long term incentive plans, stock option plans or stock option equity participation rights plans. This Agreement supercedes any Change in Control Agreement previously in effect between the Executive and the Corporation.

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid the entitlements due under Section 4(b), such payments shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s 's benefit or compensation arrangements, including, without limitation, any long term incentive plans, stock option plans or stock option equity participation rights plans.

SOLE SEVERANCE; OTHER BENEFITS. If the Executive is paid the entitlements due under Section 4(b), such payments shall be in lieu of any other severance amounts to which the Executive may be entitled under any other severance arrangement, including under any employment agreement, severance pay plan, or applicable legislation entitling the Executive to severance benefits. However, the parties acknowledge that the benefits paid hereunder are only exclusive as to other severance payments and that the Executive may be entitled to other benefits or payments triggered by a Change in Control under certain other of the Corporation’s 's benefit or compensation arrangements, including, without limitation, any long term incentive plans or stock option plans.