Commencing Another Position. If Executive obtains employment with the Company or its subsidiaries or Affiliates after the date this Agreement is executed and prior to the end of the Payment Period ("Subsequent Company Employment"), any and all further payments or benefits under the Agreement immediately will cease as of the date of such employment. In the event of Subsequent Company Employment, Executive specifically agrees that the offer of employment to Executive by the Company or its subsidiaries or Affiliates, and Executive's acceptance thereof, is sufficient consideration to support the release of claims contained herein, including but not limited to the ADEA Released Claims, notwithstanding the fact that payments and benefits hereunder have ceased. If Executive obtains employment during the Payment Period with an entity other than the Company, Western Union, and/or their subsidiaries or Affiliates ("Subsequent Non-Company Employment"), Executive will, subject to the provisions of this Agreement, including without limitation the paragraphs in this Agreement titled "Non-Solicitation and Non-Disclosure" and "Consideration and Remedies," continue to be eligible to receive cash payments and benefits in accordance with paragraph 1 of this Agreement. In any event, it is Executive's obligation to advise the Company of Subsequent Non-Company Employment within five (5) business days of Executive's acceptance of a job offer.
Commencing Another Position. If after the effective date hereof Executive obtains employment with (i) the Company or its subsidiaries or Affiliates, any and all further payments or benefits under this Agreement will cease as of the date of such employment; and (ii) a non-competing entity (as per the terms of Exhibits 2 and 3 hereto), payments and benefits under this Agreement will continue, subject to the restrictions in paragraph 1(b) regarding health care benefits. It is Executive’s obligation to immediately advise the Company of any subsequent employment and provide all information reasonably requested by the Company to determine the treatment of the payment and benefits hereunder. The Executive will reimburse the Company for any payments or benefits provided on or after the date of Executive’s subsequent employment that are to be forfeited pursuant to this paragraph.
Commencing Another Position. If Executive obtains employment with the Company or its subsidiaries or Affiliates during the Severance Period (“Subsequent Company Employment”), any and all further payments or benefits under the Separation Agreement and this February 28, 2014 Release immediately will cease as of the date of such employment. In the event of Subsequent Company Employment, Executive specifically agrees that the offer of employment to Executive by the Company or its subsidiaries or Affiliates, and Executive’s acceptance thereof, is sufficient consideration to support the release of claims contained herein notwithstanding the fact that payments and benefits hereunder have ceased. If Executive obtains employment during the Severance Period with an entity other than the Company or its subsidiaries or Affiliates (“Subsequent Non-Company Employment”), Executive will, subject to the provisions of this February 28, 2014 Release, continue to be eligible to receive cash payments and benefits in accordance with paragraph 1 of this February 28, 2014 Release, provided that if the benefit specified under subparagraph 1(c) of this February 28, 2014 Release has not yet been paid to Executive, Executive will not be eligible to receive the benefit specified under subparagraph 1(c) as of the date Executive becomes eligible to receive group health benefits under a subsequent employer’s benefit plans or policies. In any event, it is Executive's obligation to immediately advise the Company of Subsequent Non-Company Employment.
Commencing Another Position. If Executive obtains employment with the Company or its subsidiaries or Affiliates during the Termination Period (“Subsequent Company Employment”), any and all further payments or benefits under the Agreement immediately will cease as of the date of such employment. In the event of Subsequent Company Employment, Executive specifically agrees that the offer of employment to Executive by the Company or its subsidiaries or Affiliates, and Executive’s acceptance thereof, is sufficient consideration to support the release of claims contained herein notwithstanding the fact that payments and benefits hereunder have ceased. If Executive obtains employment during the Termination Period with an entity other than the Company or its subsidiaries or Affiliates (“Subsequent Non-Company Employment”), Executive will, subject to the provisions of this Agreement, continue to receive cash payments in accordance with paragraph 1(a) of this Agreement, but, except as otherwise required under applicable law, will no longer be eligible to receive the benefits specified under paragraph 1(b) of this Agreement as of the date Executive becomes eligible to receive such benefits under a subsequent employer’s benefit plans or policies. In any event, it is Executive’s obligation to immediately advise the Company of Subsequent Non-Company Employment.
Commencing Another Position. If Executive obtains employment (i) with the Company or its subsidiaries or Affiliates, any and all further payments or benefits under this Agreement, including but not limited to the Equity Treatment, will cease as of the date of such employment; (ii) with a competing entity, any and all further payments and benefits under this Agreement, including but not limited to the Equity Treatment, will cease as of the date of such employment; and (iii) under any other circumstances, the Company Board of Directors will have the discretion to terminate the payments and benefits under this Agreement, provided that the Executive will retain his rights to the benefits under 1(b) to the extent reasonably comparable health insurance is not made available to Executive by such subsequent employer. Nothing in this paragraph 5 shall limit the application of all other conditions and restrictions in this Agreement with respect to Executive’s right to the payments and benefits hereunder, including but not limited to the provisions of paragraph 11. It is Executive’s obligation to immediately advise the Company of any subsequent employment and provide all information reasonably requested by the Company to determine the treatment of the payment and benefits hereunder. The Executive will reimburse the Company for any payments or benefits provided on or after the date of Executive’s subsequent employment that are to be forfeited pursuant to this paragraph.
Commencing Another Position. If Xxxxxxxx obtains full-time active --------------------------- employment inside FDC or its subsidiaries or affiliates during the term of this Agreement, any and all further payments or benefits under this Agreement will cease. In the event Xxxxxxxx obtains such employment within FDC or its subsidiaries or affiliates within this time, Xxxxxxxx specifically agrees that Xxxxxxxx'x acceptance of employment constitutes sufficient consideration to support the release of claims set forth in this document notwithstanding the fact that payments and benefits hereunder have ceased. Xxxxxxxx shall immediately notify FDC of any change in Xxxxxxxx'x employment status.
