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Common use of Benefit Reduction Clause in Contracts

Benefit Reduction. In the event of a Change in Control, the following limitations shall become applicable:

Appears in 8 contracts

Sources: Severance Agreement (Ligand Pharmaceuticals Inc), Severance Agreement (Ligand Pharmaceuticals Inc), Severance Agreement (Encad Inc)

Related Clauses

  • Automatic Reduction
  • Reduction of Compensation
  • Fee Reduction
  • Staff Reduction
  • Optional Reductions

Parent Clauses

  • BENEFIT REDUCTION
  • Lifetime Benefits
  • Normal Retirement Benefit
  • Severability
  • Arbitration

Sub-Clauses

  • Termination for Cause
  • DEATH
  • MISCELLANEOUS
  • GENERAL CREDITOR STATUS
  • Term of Agreement
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