Common use of Entire Termination Payment Clause in Contracts

Entire Termination Payment. The compensation provided for in this ARTICLE 4 for termination of this Agreement and Executive’s employment pursuant to Sections 4.02, 4.03 or 4.04 shall constitute Executive’s sole remedy for such termination. Executive shall not be entitled to any other notice of termination, or termination or severance payment which otherwise may be payable to Executive under common law, case law, statute, in equity or other agreement between Executive and Ceridian HCM, and he or she shall have no action, cause of action, claim or demand against Ceridian HCM or other Ceridian Affiliate or any other Person as a consequence of such termination. It shall be a condition of the payment of the compensation provided for in this ARTICLE 4 that Executive shall timely execute a general release of claims in a form satisfactory to Ceridian and not revoke the release in the time provided to do so. Ceridian HCM shall provide Executive with a form of release not later than five days following the Executive’s termination of employment and Executive must execute and deliver the release within 21 days (or, to the extent required by applicable law, 45 days) following the date Ceridian HCM delivers the release to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Ceridian HCM Holding Inc.), Employment Agreement (Ceridian HCM Holding Inc.)

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Entire Termination Payment. The compensation provided for in this ARTICLE 4 for termination of this Agreement and Executive’s employment pursuant to Sections 4.02, 4.03 or 4.04 shall constitute Executive’s 's sole remedy for such termination. Executive shall not be entitled to any other notice of termination, or termination or severance payment which otherwise may be payable to Executive under common law, case law, statute, in equity or other agreement between Executive and Ceridian HCM, and he or she shall have no action, cause of action, claim or demand against Ceridian HCM, Ceridian HCM or any other Ceridian Affiliate or any other Person as a consequence of such termination. It shall be a condition of the payment of the compensation provided for in this ARTICLE 4 that Executive shall timely execute a general release of claims in a form reasonably satisfactory to Ceridian and not revoke the release in the time provided to do so. Ceridian HCM shall provide Executive with a form of release not later than five days following the Executive’s termination of employment and Executive must execute and deliver the release within 21 days (or, to the extent required by applicable law, 45 days) following the date Ceridian HCM delivers the release to the ExecutiveExecutive or such other period as established by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

Entire Termination Payment. The compensation provided for in this ARTICLE 4 for termination of this Agreement and Executive’s employment pursuant to Sections 4.02, 4.03 or 4.04 shall constitute Executive’s 's sole remedy for such termination. Executive shall not be entitled to any other notice of termination, or termination or severance payment which otherwise may be payable to Executive under common law, case law, statute, in equity or other agreement between Executive and Ceridian HCM, and he or she shall have no action, cause of action, claim or demand against Ceridian HCM or any other Ceridian Affiliate or any other Person as a consequence of such termination. It shall be a condition of the payment of the compensation provided for in this ARTICLE 4 that Executive shall timely execute a general release of claims in a form reasonably satisfactory to Ceridian and not revoke the release in the time provided to do so. Ceridian HCM shall provide Executive with a form of release not later than five days following the Executive’s termination of employment and Executive must execute and deliver the release within 21 days (or, to the extent required by applicable law, 45 days) following the date Ceridian HCM delivers the release to the ExecutiveExecutive or such other period as established by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

Entire Termination Payment. The compensation provided for in this ARTICLE 4 for termination of this Agreement and Executive’s employment pursuant to Sections 4.02, 4.03 or 4.04 shall constitute Executive’s 's sole remedy for such termination. Executive shall not be entitled to any other notice of termination, or termination or severance payment which otherwise may be payable to Executive under common law, case law, statute, in equity or other agreement between Executive and Ceridian HCM, and he or she shall have no action, cause of action, claim or demand against Ceridian HCM or other Ceridian Affiliate or any other Person as a consequence of such termination. It shall be a condition of the payment of the compensation provided for in this ARTICLE 4 that Executive or, as applicable, his or her heirs, estate, or dependents, shall timely execute a general release of claims in a form satisfactory to Ceridian and not revoke the release in the time provided to do so. Ceridian HCM shall provide Executive with a form of release not later than five business days following the Executive’s termination of employment employment, and Executive must execute and deliver the release within 21 days (or, to the extent required by applicable law, 45 days) following the date Ceridian HCM delivers the release to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

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Entire Termination Payment. The compensation provided for in this ARTICLE 4 for termination of this Agreement and Executive’s employment pursuant to Sections 4.02, 4.03 or 4.04 shall constitute Executive’s sole remedy for such termination. Executive shall not be entitled to any other notice of termination, or termination or severance payment which otherwise may be payable to Executive under common law, case law, statute, in equity or other agreement between Executive and Ceridian HCM, and he or she shall have no action, cause of action, claim or demand against Ceridian HCM, Ceridian HCM or any other Ceridian Affiliate or any other Person as a consequence of such termination. It shall be a condition of the payment of the compensation provided for in this ARTICLE 4 that Executive shall timely execute a general release of claims in a form reasonably satisfactory to Ceridian and not revoke the release in the time provided to do so. Ceridian HCM shall provide Executive with a form of release not later than five days following the Executive’s termination of employment and Executive must execute and deliver the release within 21 days (or, to the extent required by applicable law, 45 days) following the date Ceridian HCM delivers the release to the ExecutiveExecutive or such other period as established by applicable law.

Appears in 1 contract

Samples: Employment Agreement (Ceridian HCM Holding Inc.)

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