Common use of Compliance with Material Terms Clause in Contracts

Compliance with Material Terms. Receipt of the Severance Benefit is further conditioned on Executive not being in violation of any material term of this Agreement, including, without limitation, the restricted covenants in Section 9, or in violation of any material term of the Separation Agreement. If Executive violates any material term of this Agreement or the Separation Agreement, the Company may immediately stop paying the Severance Benefit and will have no further payment obligations.

Appears in 3 contracts

Samples: Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc)

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Compliance with Material Terms. Receipt of the Severance Benefit is further conditioned on Executive not being in violation of any material term of this Agreement, including, without limitation, the restricted covenants in Section 9, Agreement or in violation of any material term of the Separation Agreement. If Executive violates any material term of this Agreement or the Separation Agreement, the Company may immediately stop paying the Severance Benefit and will have no further payment obligations.

Appears in 2 contracts

Samples: Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc)

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Compliance with Material Terms. Receipt of the Severance Benefit is further conditioned on Executive not being in violation of any material term of this Agreement, including, including without limitation, limitation the restricted covenants in Section 9, or in violation of any material term of the Separation Agreement. If Executive violates any material term of this Agreement or the Separation Agreement, the Company may immediately stop paying the Severance Benefit Benefits and will have no further payment obligations.. (E)

Appears in 1 contract

Samples: Employment Agreement (Riverview Bancorp Inc)

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