Non-exclusivity of Rights Clause Example from Business Contracts

Non-exclusivity of Rights. Nothing in this Plan shall prevent or limit an Executive's continuing or future participation in any plan, program, policy or practice provided by the Company or any of its Affiliates (other than participation in any severance plan upon an Executive's termination of employment during the Employment Period) and for which an Executive may qualify, nor, subject to Section 12(f) of this Plan, shall anything herein limit or otherwise affect such rights as an Executive may have under any contract or a...greement with the Company or any of its Affiliates. Amounts which are vested benefits or which an Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its Affiliates at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program or contract or agreement except as explicitly modified by this Plan. Without limiting the generality of the foregoing, an Executive's resignation under this Plan with or without Good Reason, shall in no way affect an Executive's ability to terminate employment by reason of the Executive's "retirement" under any compensation and benefits plans, programs or arrangements of its Affiliates, including without limitation any retirement or pension plans or arrangements or to be eligible to receive benefits under any compensation or benefit plans, programs or arrangements of its Affiliates, including without limitation any retirement or pension plan or arrangement of its Affiliates or substitute plans adopted by the Company or its successors, and any termination which otherwise qualifies as Good Reason shall be treated as such even if it is also a "retirement" for purposes of any such plan. Notwithstanding the foregoing, if an Executive receives payments and benefits pursuant to Section 6(a) of this Plan, the Executive shall not be entitled to any other severance pay or benefits under any severance plan, program or policy of the Company or its Affiliates, unless expressly provided therein in a specific reference to this Plan. View More