Consequence of Breach. If Officer breaches this covenant not to compete, Umpqua's sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit, or Retention Incentive, to which Officer is entitled under this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)
Consequence of Breach. If Officer breaches this covenant not to compete, Umpqua's ’s sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit, Benefit or Retention IncentiveBonus, to which Officer is entitled under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)
Consequence of Breach. If Officer breaches this the covenant not to competecompete in Section 14.1, Umpqua's ’s sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Benefit or Change in Control Benefit, or Retention Incentive, Benefit to which Officer is entitled under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Umpqua Holdings Corp), Employment Agreement (Umpqua Holdings Corp)
Consequence of Breach. If Officer breaches this the covenant not to competecompete in Section 14.1, Umpqua's ’s sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit, Benefit or Retention Incentive, Incentive to which Officer is entitled under this Agreement.
Appears in 1 contract
Consequence of Breach. If Officer breaches this covenant not to compete, Umpqua's ’s sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit, or Retention Incentive, to which Officer is entitled under this Agreement.
Appears in 1 contract
