Common use of Condition to Payments Clause in Contracts

Condition to Payments. The Employer's obligation to make any payments hereunder shall be conditioned upon the Employee’s continued compliance with the terms of this Agreement and the Employer's receipt of an appropriately signed "General Release and Covenant Not to Sxx" in form and substance satisfactory to the Employer. Payments made under this Agreement shall immediately cease and the Employee shall repay within 60 days of the violation all amounts previously paid pursuant to Section 6(f) in the event that the Employee violates the terms of the "General Release and Covenant Not to Sxx" or the Employee violates any of the covenants contained in Sections 7, 8, 9 and 10 of this Agreement prior to the Date of Termination or thereafter.

Appears in 1 contract

Samples: Employment Agreement (Lexmark International Inc /Ky/)

AutoNDA by SimpleDocs

Condition to Payments. The Employer's obligation to make any payments hereunder shall be conditioned upon the Employee’s continued compliance with the terms of this Agreement and the Employer's receipt receipt, within 45 days following the Employee’s Date of Termination, of an appropriately signed "General Release and Covenant Not to SxxSue" in xn form and substance satisfactory to the Employer. Payments made under this Agreement shall immediately cease and the Employee shall repay within 60 days of the violation all amounts previously paid pursuant to Section 6(f) in the event that the Employee violates the terms of the "General Release and Covenant Not to SxxSue" or xr the Employee violates any of the covenants contained in Sections 7, 8, 9 and 10 of this Agreement prior to the Date of Termination or thereafter.

Appears in 1 contract

Samples: Employment Agreement (Lexmark International Inc /Ky/)

Condition to Payments. The Employer's obligation to make any payments hereunder shall be conditioned upon the Employee’s continued compliance with the terms of this Agreement and the Employer's receipt of an appropriately signed "General Release and Covenant Not to SxxXxx" in form and substance satisfactory to the Employer. Payments made under this Agreement shall immediately cease and the Employee shall repay within 60 days of the violation all amounts previously paid pursuant to Section 6(f) in the event that the Employee violates the terms of the "General Release and Covenant Not to SxxXxx" or the Employee violates any of the covenants contained in Sections 7, 8, 9 and 10 of this Agreement prior to the Date of Termination or thereafter.

Appears in 1 contract

Samples: Employment Agreement (Lexmark International Inc /Ky/)

AutoNDA by SimpleDocs

Condition to Payments. The EmployerCompany's obligation to make any payments hereunder shall be conditioned upon the Employee’s continued compliance with the terms of this Agreement and the EmployerCompany's receipt receipt, within 45 days following the Employee’s Date of Termination, of an appropriately signed "General Release and Covenant Not to SxxXxx" in form and substance satisfactory to the EmployerCompany. Payments made under this Agreement shall immediately cease and the Employee shall repay within 60 days of the violation all amounts previously paid pursuant to Section 6(f2(f) in the event that the Employee violates the terms of the "General Release and Covenant Not to SxxXxx" or the Employee violates any of the covenants contained in Sections 73, 84, 9 5 and 10 6 of this Agreement prior to the Date of Termination or thereafter.

Appears in 1 contract

Samples: Severance Agreement (Lexmark International Inc /Ky/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!