Common use of Superseding Provisions Clause in Contracts

Superseding Provisions. The benefits and payments set forth in Section 9(a) that may be due in connection with a Change of Control shall supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a)(i), (ii) and (iii). The benefits and payments due under Section 9(a) replace those in Section 7(a)(i), (ii) and (iii), and are not cumulative thereof. If the benefits and payments set forth in Section 9(a) are payable to the Executive, the non-competition period under Section 7(b) and the non-piracy period under Section 7(c) shall be twenty-four (24) months from the date the Executive ceases employment. All other provisions of Section 7 shall continue to apply as written.

Appears in 6 contracts

Samples: Employment Agreement (Virginia Commerce Bancorp Inc), Employment Agreement (Virginia Commerce Bancorp Inc), Employment Agreement (Virginia Commerce Bancorp Inc)

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