Common use of Effect on Prior Executive Severance Policy Clause in Contracts

Effect on Prior Executive Severance Policy. This Policy shall supersede Meridian's executive severance policy heretofore in effect and such policy shall be deemed terminated, except for purposes of making payments required thereunder to eligible persons who terminated prior to the Effective Date of this Policy.

Effect on Prior Executive Severance Policy. This Policy shall ------------------------------------------ supersede Meridian's executive severance policy heretofore in effect and such policy shall be deemed terminated, except for purposes of making payments required thereunder to eligible persons who terminated prior to the Effective Date of this Policy.