Common use of Discharge of the Company’s Obligations Clause in Contracts

Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his employment shall be in full and complete satisfaction of the Executive’s rights under this Agreement and any other claims he may have in respect of his employment by Holding or the Company or any of their affiliates, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s employment with the Company and, upon the Executive’s receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s employment with the Company and its subsidiaries, other than as excepted above.

Appears in 5 contracts

Samples: Employment Agreement (Worldspan L P), Employment Agreement (Worldspan L P), Employment Agreement (Worldspan L P)

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Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his employment shall be in full and complete satisfaction of the Executive’s 's rights under this Agreement and any other claims he may have in respect of his employment by Holding or the Company or any of their affiliatesits subsidiaries, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s 's employment with the Company and, upon the Executive’s 's receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s 's employment with the Company and its subsidiaries, other than as excepted above.

Appears in 3 contracts

Samples: Employment Agreement (Worldspan BBN Holdings LLC), Employment Agreement (Worldspan BBN Holdings LLC), Employment Agreement (Worldspan BBN Holdings LLC)

Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his employment shall be in full and complete satisfaction of the Executive’s 's rights under this Agreement and any other claims he may have in respect of his employment by Holding or the Company or any of their affiliates, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s 's employment with the Company and, upon the Executive’s 's receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s 's employment with the Company and its subsidiaries, other than as excepted above.

Appears in 2 contracts

Samples: Employment Agreement (Worldspan L P), Employment Agreement (Worldspan L P)

Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his employment shall be in full and complete satisfaction of the Executive’s rights under this Agreement and any other claims he may have in respect of his employment by Holding or the Company or any of their affiliatesits subsidiaries, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s employment with the Company and, upon the Executive’s receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s employment with the Company and its subsidiaries, other than as excepted above.

Appears in 2 contracts

Samples: Employment Agreement (Ws Financing Corp), Employment Agreement (Ws Financing Corp)

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Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his her employment shall be in full and complete satisfaction of the Executive’s rights under this Agreement and any other claims he she may have in respect of his her employment by Holding or the Company or any of their affiliates, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s employment with the Company and, upon the Executive’s receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s employment with the Company and its subsidiaries, other than as excepted above.

Appears in 1 contract

Samples: Employment Agreement (Ws Financing Corp)

Discharge of the Company’s Obligations. The amounts payable to the Executive pursuant to this Section 8 following termination of his her employment shall be in full and complete satisfaction of the Executive’s 's rights under this Agreement and any other claims he she may have in respect of his her employment by Holding or the Company or any of their affiliates, other than rights arising under any other agreement, plan, program or arrangement to which the Executive is a party or is covered, including but not limited to those referred to in Section 4 of this Agreement. Such amounts shall constitute liquidated damages with respect to any and all such rights and claims based on provisions of this Agreement and the Executive’s 's employment with the Company and, upon the Executive’s 's receipt of such amounts, the Company shall be fully released and discharged from any and all liability to the Executive in connection with this Agreement or otherwise in connection with the Executive’s 's employment with the Company and its subsidiaries, other than as excepted above.

Appears in 1 contract

Samples: Employment Agreement (Worldspan L P)

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