Common use of Fair and Reasonable, etc Clause in Contracts

Fair and Reasonable, etc. The parties acknowledge and agree that the payment provisions contained in this Section are fair and reasonable, and the Employee acknowledges and agrees that such payments are inclusive of any notice or pay in lieu of notice or vacation or severance pay to which he would otherwise be entitled under statute, pursuant to common law or otherwise in the event that his employment is terminated pursuant to or as contemplated in this Section 1.5. The parties further agree that upon any termination of the employment of the Employee as contemplated in this Section and the payment to the Employee or his estate, as the case may be, of the amounts contemplated therein, as well as any expenses which the Employee is entitled to have reimbursed as contemplated above, the Employee shall:

Fair and Reasonable, etc. The parties acknowledge and agree that the payment provisions contained in this Section are fair and reasonable, and the Employee acknowledges and agrees that such payments are inclusive of any notice or pay in lieu of notice or vacation or severance pay to which he she would otherwise be entitled under statute, pursuant to common law or otherwise in the event that his her employment is terminated pursuant to or as contemplated in this Section 1.5. The parties further agree that upon any termination of the employment of the Employee as contemplated in this Section and the payment to the Employee or his her estate, as the case may be, of the amounts contemplated therein, as well as any expenses which the Employee is entitled to have reimbursed as contemplated above, the Employee shall: