Condition to Payments. The Company's obligation to make any payments hereunder shall be conditioned upon Executive’s continued compliance with the terms of this Agreement and the Company's receipt of an appropriately signed "General Release and Covenant Not to Xxx" in form and substance satisfactory to the Company. Payments made under this Agreement shall immediately cease and the Employee shall repay within 60 days of the violation all amounts previously paid under this Agreement in the event that the Employee violates the terms of the “General Release and Covenant Not to Xxx” or the Employee violates any of the covenants contained in Section 10 of this Agreement prior to the Date of Termination or thereafter.
Appears in 4 contracts
Samples: Change in Control Agreement (Lexmark International Inc /Ky/), Change in Control Agreement (Lexmark International Inc /Ky/), Change in Control Agreement (Lexmark International Inc /Ky/)
Condition to Payments. The Company's obligation to make any payments hereunder shall be conditioned upon Executive’s continued compliance with the terms of this Agreement and the Company's receipt receipt, within 45 days following the Executive’s Date of Termination, of an appropriately signed "General Release and Covenant Not to XxxSxx" in form and substance satisfactory to the Company. Payments made under this Agreement shall immediately cease and the Employee Executive shall repay within 60 days of the violation all amounts previously paid under this Agreement in the event that the Employee Executive violates the terms of the “General Release and Covenant Not to XxxSxx” or the Employee Executive violates any of the covenants contained in Section 10 of this Agreement prior to the Date of Termination or thereafter.
Appears in 2 contracts
Samples: Change in Control Agreement (Lexmark International Inc /Ky/), Change in Control Agreement (Lexmark International Inc /Ky/)