Common use of Exclusive Payments Clause in Contracts

Exclusive Payments. In all cases, the amounts payable to Employee under this Agreement upon termination of the employment relationship, along with the associated terms for payment, shall constitute all of the Company’s and its Affiliates’ obligations to Employee with respect to the termination of the employment relationship. Nothing in this Agreement, however, is intended to limit any earned, vested benefits (other than any entitlement to severance pay, separation pay, change-in-control pay, or similar payments, if any) that Employee may have under the applicable provisions of any benefit plan of the Company in which Employee is participating at the time of the termination of the employment relationship.

Appears in 3 contracts

Samples: Employment Agreement (Cinco Resources, Inc.), Employment Agreement (Cinco Resources, Inc.), Employment Agreement (Cinco Resources, Inc.)

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Exclusive Payments. In all cases, the amounts payable to Employee under this Agreement upon termination of the employment relationship, along with the associated terms for payment, shall constitute all of the CompanyEmployer’s and its Affiliates’ obligations to Employee with respect to the termination of the employment relationship. Nothing in this Agreement, however, is intended to limit any earned, vested benefits (other than any entitlement to severance pay, or separation pay, change-in-control pay, or similar payments, if any) that Employee may have under the applicable provisions of any benefit plan of the Company Employer in which Employee is participating at the time of the termination of the employment relationship.

Appears in 1 contract

Samples: Employment Agreement (Dynamic Offshore Resources, Inc.)

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