Common use of Employee Obligations Agreement Clause in Contracts

Employee Obligations Agreement. The Executive hereby ratifies and confirms each of the terms of the Employee Obligations Agreement. If the Executive is at any time found to have in any manner breached the Employee Obligations Agreement, then the Company’s duty to pay any Severance Pay to the Executive and make any Premium Payments shall terminate from the date that such breach occurred and Executive shall immediately reimburse the Company for any Severance Pay payments and Premium Payments made by the Company after the first date on which such breach occurred.

Employee Obligations Agreement. The Executive hereby ratifies and confirms each of the terms of the Employee Obligations Agreement. If the Executive is at any time found to have in any manner breached breaches the Employee Obligations Agreement, then the Company’s duty to pay any Severance Pay to the Executive and make any Premium Payments shall terminate from and the date that such breach occurred and Executive shall immediately reimburse the Company for any payment of Severance Pay payments and Premium Payments made previously delivered by the Company after Company. The foregoing shall not be the first date on which such Company’s exclusive remedy for a breach occurredof the Employee Obligations Agreement and shall be in addition to any other damages available at law or equity.