Common use of No Duplication of Benefits Clause in Contracts

No Duplication of Benefits. Employee shall be entitled to one, and only one, of the payments and benefits described in Section 3.05 or Section 4.02, as applicable to the circumstances of Employee’s Termination.

Appears in 8 contracts

Sources: Employment Agreement, Employment Agreement (Seahawk Drilling, Inc.), Employment Agreement (Seahawk Drilling, Inc.)

No Duplication of Benefits. Employee shall be entitled to one, and only one, of the termination payments and benefits described in Section 3.05 3.05, Section 3.06a, Section 3.06b, Section 4.01 or Section 4.02, as applicable to the circumstances of Employee’s Terminationtermination of employment.

Appears in 2 contracts

Sources: Employment & Human Resources (Pride SpinCo, Inc.), Employment & Human Resources (Pride SpinCo, Inc.)

No Duplication of Benefits. Employee shall be entitled to one, and only one, of the termination payments and benefits described in Section 3.05 3.05, Section 3.06a, Section 3.06b, Section 3.07, Section 4.01 or Section 4.02, as applicable to the circumstances of Employee’s Terminationtermination of employment.

Appears in 2 contracts

Sources: Employment Agreement (Pride International Inc), Employment Agreement (Pride SpinCo, Inc.)