Consideration for Release. In consideration of the waiver and release of claims set forth in Paragraphs 7 and 8 below, and in exchange for your signing this Agreement, the Company agrees to provide you with the post-termination payments (the “Severance Payments”) described in Section 5 of that certain Executive Employment Agreement, dated July 30, 2010. The Severance Payments are in addition to any amounts owed to you by the Company. You acknowledge and agree that but for the terms of the Employment Agreement, you would not otherwise be entitled to receive the Severance Payments. You understand that if you do not sign the Agreement, or if you revoke the signed Agreement as described in Paragraph 19 below (if applicable), the Company has no obligation to provide you with the Severance Payments.
Appears in 6 contracts
Samples: Executive Employment Agreement (Talon International, Inc.), Executive Employment Agreement (Talon International, Inc.), Executive Employment Agreement (Talon International, Inc.)
Consideration for Release. In consideration of the waiver and release of claims set forth in Paragraphs 7 and 8 below, and in exchange for your signing this Agreement, the Company agrees to provide you with the post-termination payments (the “Severance Payments”"SEVERANCE PAYMENTS") described in Section 5 of that certain Executive Employment Agreement, dated July 30June 18, 20102008. The Severance Payments are in addition to any amounts owed to you by the Company. You acknowledge and agree that but for the terms of the Employment Agreement, you would are not otherwise be entitled to receive the Severance Payments. You understand that if you do not sign the Agreement, or if you revoke the signed Agreement as described in Paragraph 19 below (if applicable), the Company has no obligation to provide you with the Severance Payments.
Appears in 2 contracts
Samples: Executive Employment Agreement (Talon International, Inc.), Executive Employment Agreement (Talon International, Inc.)
Consideration for Release. In consideration of the waiver and release of claims set forth in Paragraphs 7 and 8 below, and in exchange for your signing this Agreement, the Company agrees to provide you with the post-termination payments (the “Severance Payments”) described in Section 5 of that certain Executive Employment Agreement, dated July 30[_________], 20102015. The Severance Payments are in addition to any amounts owed to you by the Company. You acknowledge and agree that but for the terms of the Employment Agreement, you would are not otherwise be entitled to receive the Severance Payments. You understand that if you do not sign the Agreement, or if you revoke the signed Agreement as described in Paragraph 19 below (if applicable), the Company has no obligation to provide you with the Severance Payments.
Appears in 1 contract
Samples: Executive Employment Agreement (Talon International, Inc.)