Common use of Complete Payment Clause in Contracts

Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of this Section 6 upon termination of the Executive's employment shall be in complete satisfaction of any and all payments that would otherwise be due to the Executive had he remained employed by the Company during the remainder of the Employment Period and the Company shall have no further obligation to make any payment or extend any benefit to the Executive under Sections 4, 5 and 6 of this Agreement or otherwise upon or after such termination other than as provided in this Section 6.

Appears in 4 contracts

Samples: Employment Agreement (Corrida Resources Inc), Employment Agreement (Devx Energy Inc), Employment Agreement (Devx Energy Inc)

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Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of this Section Paragraph 6 upon termination of the Executive's employment shall be in complete satisfaction of any and all payments that would otherwise be due to the Executive had he remained employed by the Company during the remainder of the Employment Period Term and the Company shall have no further obligation to make any payment or extend any benefit to the Executive under Sections pursuant to Paragraph 4, 5 and 6 of this Agreement or otherwise upon or after such termination other than as provided in this Section Paragraph 6.

Appears in 1 contract

Samples: Employment Agreement (Corrida Resources Inc)

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