Common use of Effect of Termination on Other Plans and Programs Clause in Contracts

Effect of Termination on Other Plans and Programs. In the event that Employee’s employment with the Company is terminated for any reason, Employee shall be entitled to receive all amounts payable and benefits accrued under any otherwise applicable plan, policy, program or practice of the Company in which Employee was a participant immediately prior to the Date of Termination in accordance with the terms thereof; provided, that if Employee receives payments pursuant to Section 2(e)(ii) of this Agreement, Employee shall not be entitled to receive any payments or benefits under any such plan, policy, program or practice providing any severance except as set out in this Agreement, and the provisions of this Section 2(e) shall supersede the provisions of any such plan, policy, program or practice while the terms of this Agreement are in effect.