Common use of Acknowledgement of Total Compensation and Indebtedness Clause in Contracts

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 3 contracts

Samples: Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp), Employment Agreement (Commerce Energy Group, Inc.)

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Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments payment referred to under Sections 5 and 6 Section 4 of this Agreement extinguish extinguishes any and all obligations for monies, monies or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company Commerce and its Related Entities through the Termination Date, under the Employment Agreement or otherwise, except as expressly set forth herein.

Appears in 2 contracts

Samples: Settlement Agreement (Commerce Energy Group Inc), Settlement Agreement (Commerce Energy Group Inc)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments referred to under Sections 5 and 6 of this Agreement extinguish extinguishes any and all obligations for monies, monies or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company Commerce and its Related Entities through the Termination Resignation Date, under the Employment Agreement or otherwise, except as expressly set forth herein.

Appears in 1 contract

Samples: Settlement Agreement (Commerce Energy Group Inc)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Resignation Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Severance Agreement (Commonwealth Energy Corp)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 3 and 6 4 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him her as a result of his her employment by the Company and its Related Entities through the Termination Transition Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Transition Agreement and General Release (SRS Labs Inc)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 through 7 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him her as a result of his her employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 6 and 6 7 of this Agreement extinguish any and all obligations for monies, stock options or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company Commerce and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Confidential Settlement Agreement (Commerce Energy Group Inc)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 Section 3 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement Offer Letter, the Severance Plan or otherwise.

Appears in 1 contract

Samples: Separation Agreement (Ddi Corp)

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Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him her as a result of his her employment by the Company and its Related Entities through the Termination Date, under the Employment Offer Letter, the Severance Agreement or otherwise.

Appears in 1 contract

Samples: Separation Agreement (Ddi Corp)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 6, the receipt of the equipment under Section 5 and the accelerated vesting of Restricted Shares under Section 8 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Separation Agreement (Commerce Energy Group, Inc.)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 of through 7of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments under Sections 5 and 6 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the The Company and its Related Entities through the Termination Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Commerce Energy Group Inc)

Acknowledgement of Total Compensation and Indebtedness. The Executive acknowledges and agrees that the cash payments and the issuance of the Option Agreement under Sections 5 and 6 of this Agreement extinguish any and all obligations for monies, or other compensation or benefits that the Executive claims or could claim to have earned or claims or could claim is owed to him as a result of his employment by the Company and its Related Entities through the Termination Resignation Date, under the Employment Agreement or otherwise.

Appears in 1 contract

Samples: Severance Agreement (Commonwealth Energy Corp)

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