Common use of Cessation of Payments Clause in Contracts

Cessation of Payments. In the event Employer obtains relief as provided in this Section, or in the event of Employee's breach of Section 5 or the making of any untrue representation or warranty by Employee in this Agreement, Employer's obligation to make any payment or provide any benefit under this Agreement, including any severance benefits, shall immediately cease.

Appears in 9 contracts

Samples: License Agreement, Employment Agreement (Stemcells Inc), Employment Agreement (Cytotherapeutics Inc/De)

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