Common use of Vested Benefits Clause in Contracts

Vested Benefits. Nothing in this Agreement shall limit Employee's rights, if any, to vested and accrued benefits under the following plans, as such plans may be amended or terminated by the Company from time to time: a. The FINOVA Group Inc. Pension Plan, the Supplemental Executive Retirement Plan or any other supplemental or other retirement plan. b. The FINOVA Group Inc. Savings Plan (401(k) plan), including the former Employee Stock Ownership Plan (ESOP). c. The FINOVA Group Inc. 1992 Stock Incentive Plan, and all outstanding stock option, restricted stock and stock appreciation rights issued thereunder. Employee may exercise rights and obtain payments and benefits pursuant to those plans, as they may be amended from time to time. Nothing in this Agreement, however, shall modify or amend any provisions of those plans or create rights of Employee to participate in those plans or to receive any benefits thereunder, other than those to which Employee is otherwise entitled to receive.

Appears in 5 contracts

Samples: Severance Agreement (Finova Group Inc), Severance Agreement (Finova Group Inc), Severance Agreement (Finova Group Inc)

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