Common use of Cessation of Payments Clause in Contracts

Cessation of Payments. In the event that you (a) file any charge, claim, demand, action or arbitration with regard to your employment, compensation or termination of employment under any federal, state, local or foreign law, or an arbitration under any industry regulatory entity, except in either case for a claim for breach of this Agreement or failure to honor the obligations set forth herein or (b) breach any of the covenants contained in or incorporated into this Agreement or the Severance Agreement, the Company will be entitled to immediately cease making any payments or providing any benefits due pursuant to Section 2 of this Agreement.

Cessation of Payments. In the event that you (a) file any charge, claim, demand, action or arbitration with regard to your employment, compensation or termination of employment under any federal, state, local or foreign law, or an arbitration under any industry regulatory entity, except in either case for a claim for breach of this Agreement or failure to honor the obligations set forth herein or (b) breach any of the covenants contained or referenced in or incorporated into this Agreement or the Severance Agreement, the Company will be entitled to immediately cease making any payments or providing any benefits due pursuant to Section 2 of this Agreement4.

Cessation of Payments. In the event that you (a) file any charge, claim, demand, action or arbitration with regard to your employment, compensation or termination of employment under any federal, state, local or foreign law, or an arbitration under any industry regulatory entity, except in either case for a claim for breach of this Agreement or failure to honor the obligations set forth herein or (b) breach any of the covenants contained or referenced in or incorporated into this Agreement or the Severance Agreement, the Company will be entitled to immediately cease making any payments due or providing any benefits due pursuant to Section 2 of this Agreement‎3.

Cessation of Payments. In the event that you (a) file any charge, claim, demand, action or arbitration with regard to your employment, compensation or termination of employment under any federal, state, local or foreign law, or an arbitration under any industry regulatory entity, except in either case for a claim for breach of this Agreement or failure to honor the obligations set forth herein or (b) breach any of the covenants contained or referenced in or incorporated into this Agreement or the Severance Agreement, the Company will be entitled to immediately cease making any payments or providing any benefits due pursuant to Section 2 of this Agreement‎3 or Section ‎6.