Breach of Payment Obligation. If the Company fails (other than pursuant to Section 18) to pay any amount due to Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least 15 days following its scheduled payment date), the restrictions imposed by Section 7(a)(i) and (ii) shall immediately terminate.
Appears in 15 contracts
Samples: Employment Agreement (Six Flags Entertainment Corp), Employment Agreement (Six Flags Entertainment Corp), Employment Agreement (Six Flags Entertainment Corp)
Breach of Payment Obligation. If the Company fails (other than pursuant to Section 18) to pay any amount due to Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least 15 fifteen (15) days following its scheduled payment date), the restrictions imposed by Section 7(a)(i) and (ii) shall immediately terminate.
Appears in 3 contracts
Samples: Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (BRC Inc.)
Breach of Payment Obligation. If the Company fails (other than pursuant to Section 1819) to pay any amount due to Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least 15 days following its scheduled payment date), the restrictions imposed by Section 7(a)(i) and (ii) shall immediately terminate.
Appears in 2 contracts
Samples: Transition and Retirement Agreement (Six Flags Entertainment Corp), Transition and Retirement Agreement (Six Flags Entertainment Corp)
Breach of Payment Obligation. If the Company fails (other than pursuant to Section 18) to pay any material amount due to Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least 15 days following its scheduled payment date), the restrictions imposed by Section 7(a)(i) and (ii) shall immediately terminate.
Appears in 1 contract
Samples: Employment Agreement (Six Flags Entertainment Corp)
Breach of Payment Obligation. If the Company fails (other than pursuant to Section 1819) to pay any amount due to the Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least 15 days following its scheduled payment date), the restrictions imposed by Section 7(a)(i8(a)(i) and (ii) shall immediately terminate.
Appears in 1 contract
Samples: Employment Agreement (Six Flags Entertainment Corp)
