Exclusivity of Payments. Upon termination of Executive’s employment, Executive shall not be entitled to any payments or other benefits from the Company, UTi Worldwide or any other member of the UTi Group, other than the payments and benefits expressly provided in Section 6 of this Agreement. Executive’s right to receive payments or benefits under this Agreement upon termination of employment will cease if Executive breaches any provision of Sections 8 or 9 below.
Exclusivity of Payments. Upon termination of Executive's employment hereunder, Executive shall not be entitled to any severance payments or severance benefits from the Company or any payments by the Company on account of any claim for wrongful termination, including but not limited to claims under any federal, state or local human and civil rights or labor laws, other than the payments provided in this Section 7, except for any benefits which may be due to Executive in the normal course under any employee benefit plan of the Company which provides for benefits after termination of employment. Executive agrees that any right to receive payments hereunder upon termination of employment will cease if Executive breaches any provision of Sections 8 or 9 below.
Exclusivity of Payments. Upon termination of Executive’s employment under this Agreement, Executive shall not be entitled to any severance payment or severance benefit from the Company other than the payments and benefits provided in this Section 12.
Exclusivity of Payments. Upon termination of Employee’s employment under this Agreement, Employee shall not be entitled to any severance payment or severance benefit from the Company other than the payments and benefits provided in this Section 9.
Exclusivity of Payments. Payment pursuant to this Section 3 shall be in full satisfaction of any amounts owed to Executive upon, following, or by reason of, the termination of his employment, and Executive shall not be entitled to any amounts other than as specified in this Section 3. Notwithstanding the foregoing, Executive’s entitlement upon termination of employment under any bonus, incentive, or equity plan or program of the Company shall, except as otherwise specifically provided herein, be determined by the terms of such plan or program.
Exclusivity of Payments. Unless otherwise required under applicable law, the severance and retention payments and benefits provided for in this Section 3 shall be in lieu of any other severance, termination or retention pay to which the Employee may be entitled under any Company severance, termination or retention plan, program, practice or arrangement.
Exclusivity of Payments. Notwithstanding anything in this Agreement to the contrary, if the Executive receives payments or benefits pursuant to paragraph 10(a) of this Agreement, then such payments or benefits shall be in lieu of any payments or benefits that the Executive may be entitled to pursuant to paragraph 10(c) of this Agreement. If the Executive receives payments or benefits pursuant to paragraph 10(c) of this Agreement, then such payments or benefits shall be in lieu of any payments or benefits that Executive may be entitled to pursuant to paragraph 10(a) of this Agreement. If the Executive is entitled to receive payments or benefits pursuant to both paragraphs 10(a) and 10(c) of this Agreement, the Executive shall receive the payments or benefits provided pursuant to either (but not both) paragraphs 10(a) or 10(c), whichever of the foregoing shall provide him the greater economic benefit.
Exclusivity of Payments. Employee acknowledges and agrees that Employee is not entitled to any severance payments or other severance benefits from the Company, UTi Worldwide or the UTi Group, other than the payments and benefits expressly provided in Section 1(b) of this Agreement, except for any benefits which may be due to Employee in the normal course under any then applicable employee benefit plan or program of the Company that provides for benefits after termination of employment in accordance with the terms of such plan or program. Employee’s right to receive payments or benefits under this Agreement upon termination of employment will cease if Employee breaches any provision of Sections 4 or 5 below.
Exclusivity of Payments. Other than set forth in this Agreement, the Company and Best Buy shall not be obligated to pay any other amounts, payments, liquidated damages, severance or benefits (whether medical, retirement or otherwise) pursuant to the Employment Agreement as a result of the Change of Control caused by the Merger contemplated by the Merger Agreement or as a result of the termination of the Executive's employment pursuant to Section 1 of this Agreement. This Agreement is intended to constitute full satisfaction of any claim the Executive may now or hereafter have for any monies or benefits from the Company, Parent or Best Buy as a result of such Change of Control and the termination of his employment pursuant to Section 1 hereof, other than payments due under the Company's Capital Accumulation Plan, Employees' Retirement Plan or any other Company qualified or nonqualified retirement or pension plan, including the Split Dollar Life Insurance arrangement, other than the Supplemental Executive Retirement Plan. Until the termination of his employment, the Executive shall be entitled to receive his salary and accrued bonuses and benefits which are not triggered by or dependent on a Change of Control or termination of his employment. In 2001, the Executive shall be reimbursed for normal business expenses, medical costs and accrued automobile allowances incurred in the ordinary course of business and shall also be entitled to receive the accrued and theretofore unpaid bonus under the Company's Alternative Incentive Plan (with calculations determined by the MIP and LTIP) at such time as such bonuses are ordinarily paid by the Company, provided, however, that no part of such payment shall be deferred, and shall be reimbursed for normal business expenses, medical costs and accrued automobile allowances incurred in the ordinary course of business.
Exclusivity of Payments. You acknowledge and agree that this letter sets forth the Company’s sole obligations on account of your separation and termination with the Company and, except as may be required by law, neither you nor any other person is entitled to any other payment or benefit of any kind whatsoever from, or in respect of, the Company, any of its subsidiaries or affiliates, or any of the Company’s, or any of its subsidiaries’ or affiliates’, employee benefit or compensation plans, programs, policies or arrangements of any kind in connection with your employment with, and separation from, the Company and its subsidiaries and affiliates.
