Common use of Forfeiture of Payments Clause in Contracts

Forfeiture of Payments. Executive agrees that receipt of the severance entitlements under Section 5 is conditioned upon Executive’s observance of this Section 6. Executive further agrees that in the event of his failure to observe the provisions of this Section 6 (excluding immaterial breaches that are promptly cured by Executive), (A) the Company shall be entitled to discontinue providing the severance entitlements under Section 5, and (B) the Company shall be entitled to recover from Executive any severance entitlements provided to Executive under Section 5. The foregoing shall be in addition to any other remedies or rights the Company may have at law or at equity as a result of Executive’s failure to observe such provisions, provided that any value not paid or recouped shall offset the amount of any damages owed by Executive to the Company.

Forfeiture of Payments. The Executive agrees that receipt of the severance entitlements under Section 5 5(e) is conditioned upon the Executive’s 's observance of this Section 6Sections 7, 8, 9 and 10. The Executive further agrees that in the event of his failure to observe the provisions of this Section 6 (excluding immaterial breaches that are promptly cured by Executive)Sections 7, 8, 9 or 10, (Ai) the Company shall be entitled to discontinue providing the severance entitlements under Section 5, 5(e) and (Bii) the Company shall be entitled to recover from the Executive any severance entitlements provided to the Executive under Section 55(e). The foregoing shall be in addition to any other remedies or rights the Company may have at law or at equity as a result of the Executive’s 's failure to observe such provisions, provided that any value not paid or recouped shall offset the amount of any damages owed by Executive to the Company.

Forfeiture of Payments. Executive agrees that receipt of the severance entitlements under Section 5 is conditioned upon Executive’s observance of this Section 67. Executive further agrees that in the event of his her failure to observe the provisions of this Section 6 7 (excluding immaterial breaches that are promptly cured by Executive), (A) the Company shall be entitled to discontinue providing the severance entitlements under Section 5, and (B) the Company shall be entitled to recover from Executive any severance entitlements provided to Executive under Section 5. The foregoing shall be in addition to any other remedies or rights the Company may have at law or at equity as a result of Executive’s failure to observe such provisions, provided that any value not paid or recouped shall offset the amount of any damages owed by Executive to the Company.