Common use of Effect of Other Employment Clause in Contracts

Effect of Other Employment. In the event Executive becomes employed during the period with respect to which benefits are continuing pursuant to Section 3.1 (Welfare Benefits): (a) Executive shall notify the Company not later than the day such employment commences; and (b) the benefits provided for in Section 3.1 (Welfare Benefits) shall terminate as of the date of such employment. Nothing herein shall relieve the Company of its obligations for compensation or benefits accrued up to the time of termination provided for herein.