Executive Release. The execution by the Executive of the Executive Release attached hereto as Exhibit C shall be a condition precedent to the delivery to the Executive by the Company of any payment or benefit under Section 6.4(c) or Section 6.4(d). In addition, the Executive Agrees that, to the extent applicable, a portion of the payments made by the Company to the Executive under Section 6.4(c) or Section 6.4(d) shall be deemed severance pay in lieu of any notice required under applicable law and that the Company shall have no other liability to the Executive thereunder.
Appears in 4 contracts
Samples: Employment Agreement (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD)
Executive Release. The execution by the Executive of the Executive Release attached hereto as Exhibit C shall be a condition precedent to the delivery to the Executive by the Company of any payment or benefit under Section 6.4(c) or Section 6.4(d). In addition, the Executive Agrees that, to the extent applicable, a portion of the payments made by the Company to the Executive under Section 6.4(c) or Section 6.4(d) shall be deemed severance pay in lieu of any notice required under applicable law the Bermuda Employment Act 2000 and that the Company shall have no other liability to the Executive thereunder.
Appears in 2 contracts
Samples: Amended and Restated (Endurance Specialty Holdings LTD), Employment Agreement (Endurance Specialty Holdings LTD)
Executive Release. The execution by the Executive of the Executive Release attached hereto as Exhibit C D shall be a condition precedent to the delivery to the Executive by the Company of any payment or benefit under Section 6.4(c) or Section 6.4(d). In addition, the Executive Agrees that, to the extent applicable, a portion of the payments made by the Company to the Executive under Section 6.4(c) or Section 6.4(d) shall be deemed severance pay in lieu of any notice required under applicable law the Bermuda Employment Act 2000 and that the Company shall have no other liability to the Executive thereunder.
Appears in 1 contract
Samples: Employment Agreement (Endurance Specialty Holdings LTD)