Common use of Excuse/Reimbursement Right Clause in Contracts

Excuse/Reimbursement Right. To the extent that Executive is paid an Executive Benefit under this Agreement and breaches this provision, Employer shall not only be excused from paying any future benefit, but Employer shall have the right to seek reimbursement for all amounts previously paid out under this Agreement, to the extent allowed by law.

Excuse/Reimbursement Right. To the extent that Executive is paid an Executive Benefit under this Agreement and breaches this provision, Employer the Bank shall not only be excused from paying any future benefit, but Employer the Bank shall have the right to seek reimbursement for all amounts previously paid out under this Agreement, to the extent allowed by law.