Common use of BENEFITS AND INSURANCE CLAIMS Clause in Contracts

BENEFITS AND INSURANCE CLAIMS. I acknowledge and agree that the payment to me herein includes full compensation and consideration for the loss of my employment benefits and that all of my employment benefits shall cease on the date of termination of my employment. I acknowledge that I have received all benefit entitlements, including insurance benefits to date, and have no further claim against the Releasees for benefits. I fully accept sole responsibility to replace those benefits that I wish to continue and to exercise conversion privileges where applicable with respect to my employment benefits, or the loss of my employment benefits. I hereby release the Releasees from any further obligations or liabilities arising from my employment benefits.

Appears in 3 contracts

Samples: Employment Agreement (Watchout Inc), Employment Agreement (Cormax Business Solutions Inc), Employment Agreement (Cormax Business Solutions Inc)

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BENEFITS AND INSURANCE CLAIMS. I acknowledge and agree that the payment to me herein consideration set out above includes full compensation and consideration for the loss of my employment benefits and that all of my employment benefits shall cease on the date of termination of my employment. I acknowledge that I have received all benefit entitlements, including insurance benefits to date, and have no further claim against the Releasees Corporation for benefits. I fully accept sole responsibility to replace those benefits that I wish to continue and to exercise conversion privileges where applicable with respect to my employment benefits, or the loss of my employment benefits. I hereby release the Releasees Corporation from any further obligations or liabilities arising from my employment benefits.

Appears in 1 contract

Samples: Transition Agreement (Oilsands Quest Inc)

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BENEFITS AND INSURANCE CLAIMS. I acknowledge and agree that the payment to me herein includes full compensation and consideration for the loss of my employment benefits and that all of my employment benefits shall cease have ceased on the date of termination of my employment. I acknowledge that I have received all benefit entitlements, including insurance benefits to date, and have no further claim against the Releasees for benefits. I fully accept sole responsibility to replace those benefits that I wish to continue and to exercise conversion privileges where applicable with respect to my employment benefits. In the event that I become disabled, I covenant not to xxx the Corporation for insurance or other benefits, or the for loss of my employment benefits. I hereby release the Releasees Corporation from any further obligations or liabilities arising from my employment benefits.

Appears in 1 contract

Samples: Employment Agreement

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