Breach of this Agreement by the Company Sample Clauses
The 'Breach of this Agreement by the Company' clause defines the consequences and procedures that apply if the company fails to fulfill its obligations under the contract. Typically, this clause outlines what constitutes a breach, such as non-performance or violation of specific terms, and may specify remedies available to the non-breaching party, like the right to terminate the agreement or seek damages. Its core function is to allocate risk and provide a clear framework for addressing and resolving instances where the company does not comply with the agreement, thereby protecting the interests of the other party.
Breach of this Agreement by the Company. If termination of Employee’s employment arises out of Company’s failure to pay Employee on a timely basis the amounts to which he is entitled under this Agreement or as a result of any other breach of this Agreement by Employer, as determined by a court of competent jurisdiction or pursuant to the provisions of Paragraph 29 below, the Company shall pay all amounts and damages to which Employee may be entitled as a result of such breach, including interest thereon and all reasonable legal fees and expenses and other costs incurred by Employee to enforce his rights hereunder. Further, the Non-solicitation Covenant and the Noncompetition Covenant in Paragraph 8. hereof shall not apply in the event this Agreement is terminated as a result of a breach by the Company during the Term of this Agreement.