Common use of One Payment Only Clause in Contracts

One Payment Only. Only one Benefit will be paid hereunder and payment of that Benefit will constitute a full discharge of all the Company’s liabilities hereunder. For avoidance of doubt, if a Benefit is paid before the amount of the Benefit is maximized (e.g., because the Vested Percentage is then less than 100% or because Deemed Final Pay has not yet been maximized), a subsequent return to employment will not create a right to any additional or incremental payment hereunder.