Common use of Conditions to Severance Payments Clause in Contracts

Conditions to Severance Payments. Except as provided in Section 5.2.b and below in this Article 5.3, none of the Severance Payments and the Insurance Payments under Article 5.2 will be subject to reduction as the result of future compensation earned or received by Deutsch (including by self-employment), and Deutsch shall have no duty to mitigate his damages. The Severance Payments and the Insurance Payments shall, however, be conditioned upon:

Appears in 2 contracts

Samples: Employment Agreement (Starnet Financial Inc), Employment Agreement (Starnet Financial Inc)

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Conditions to Severance Payments. Except as provided in Section 5.2.b and below in this Article 5.3, none of the Severance Payments and the Insurance Payments under Article 5.2 will be subject to reduction as the result of future compensation earned or received by Deutsch Employee (including by self-employment), and Deutsch Employee shall have no duty to mitigate his damages. The Severance Payments and the Insurance Payments shall, however, be conditioned upon:

Appears in 2 contracts

Samples: Employment Agreement (LifeCare Holdings, Inc.), Employment Agreement (LifeCare Holdings, Inc.)

Conditions to Severance Payments. Except as provided in Section 5.2.b and below in this Article 5.3, none of the Severance Payments and the Insurance Payments under Article 5.2 will be subject to reduction as the result of future compensation earned or received by Deutsch the Executive (including by self-employment), and Deutsch the Executive shall have no duty to mitigate his damages. The Severance Payments and the Insurance Payments shall, however, be conditioned upon:

Appears in 1 contract

Samples: Executive Employment Agreement (LifeCare Holdings, Inc.)

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Conditions to Severance Payments. Except as provided in Section 5.2.b and below in this Article 5.3, none of the Severance Payments and the Insurance Payments under Article 5.2 will be subject to reduction as the result of future compensation earned or received by Deutsch Employee (including by self-employment), and Deutsch Employee shall have no duty to mitigate his her damages. The Severance Payments and the Insurance Payments shall, however, be conditioned upon:

Appears in 1 contract

Samples: Employment Agreement (LifeCare Holdings, Inc.)

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