Common use of Acceptance of Any Clause in Contracts

Acceptance of Any. Job = No Severance Pay. Also, if EMPLOYEE ---------------------------------------- accepts any position with Acquirer within six months after an Asset Sale, then notwithstanding Section 6.2 and Section 6.3(a)-(b), any termination of EMPLOYEE by EMPLOYER upon or after the Asset Sale shall not entitle EMPLOYEE to any severance pay whatever; and EMPLOYEE shall refund to EMPLOYER any and all severance pay which was previously paid.

Appears in 4 contracts

Samples: Employment Agreement (Synbiotics Corp), Employment Agreement (Synbiotics Corp), Employment Agreement (Synbiotics Corp)

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