Common use of Overall Qualification Clause in Contracts

Overall Qualification. Other than the benefits to be provided to Employee pursuant to Sections 4(a), 4(b), 4(c) and 4(f), Employer reserves the right to modify, suspend or discontinue any and all of the above referenced benefit plans, practices, policies and programs at any time (whether before or after termination of employment) without notice to or recourse by Employee so long as such action is taken generally with respect to other similarly situated persons (i.e. senior or executive employees of Employer) and does not single out Employee.

Appears in 2 contracts

Sources: Employment Agreement (Marshall Industries), Employment Agreement (Marshall Industries)