Common use of Exhaustive Compensation Clause in Contracts

Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 of this Agreement, he will not be entitled to any termination payment under the Employment Agreement.

Appears in 11 contracts

Samples: Employment Agreement (Rb Global Inc.), Employment Agreement (Rb Global Inc.), Employment Agreement (Ritchie Bros Auctioneers Inc)

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Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his her termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 of this Agreement, he she will not be entitled to any termination payment under the Employment Agreement.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Ritchie Bros Auctioneers Inc), Employment Agreement (Ritchie Bros Auctioneers Inc)

Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his her termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 of this Agreement, he will not be entitled to any termination payment under the Employment Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Rb Global Inc.), Employment Agreement (Ritchie Bros Auctioneers Inc), Employment Agreement (Ritchie Bros Auctioneers Inc)

Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 4 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 4 of this Agreement, he will not be entitled to any termination payment under the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ritchie Bros Auctioneers Inc)

Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his their termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 of this Agreement, he will not be entitled to any termination payment under the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Rb Global Inc.)

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Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section Section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his her termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section Section 3 of this Agreement, he she will not be entitled to any termination payment under the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ritchie Bros Auctioneers Inc)

Exhaustive Compensation. The Executive agrees with and acknowledges to the Company that the compensation provided for under section 3 of this Agreement is all the compensation payable by the Company to the Executive in relation to a Change of Control, or his termination from employment upon or subsequent to a Change of Control, under the circumstances provided for in this Agreement. The Executive further agrees and acknowledges that in the event of payment under section 3 of this Agreement, he will not be entitled to any termination payment under the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Ritchie Bros Auctioneers Inc)

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