Common use of Forfeiture of Payments Clause in Contracts

Forfeiture of Payments. Executive agrees that receipt of severance pay under Section 5(f) is conditioned upon Executive’s observance of Sections 6, 7, 8 and 9. Executive further agrees that in the event of his failure to observe the provisions of Sections 6, 7, 8 or 9, (i) Executive shall forfeit the right to receive any portion of his bonus (ii) the Company shall be entitled to discontinue further severance payments under Section 5(f) and (iii) the Company shall be entitled to recover from the Executive any payments made to the Executive under Section 5(f). 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 failure to observe such provisions.

Forfeiture of Payments. Executive agrees that receipt of severance pay under Section 5(f5(f)(iii) is and the provision of the perquisites set forth in Section 5(f)(ii)(E) are conditioned upon Executive’s observance of compliance with Sections 6, 7, 8 7 and 98. Executive further agrees that in the event of his failure to observe comply with the provisions of Sections 6, 7, 8 or 97 and 8, (i) Executive shall forfeit the right to receive any portion of his bonus (ii) the Company shall be entitled to discontinue further severance payments under Section 5(f5(f)(iii) and (iiiii) the Company shall be entitled to recover from the Executive any payments made to the Executive under Section 5(f5(f)(iii). 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 failure to observe such provisions.

Forfeiture of Payments. The Executive agrees that receipt of the severance pay entitlements under Section 5(f5(e) is conditioned upon the Executive’s 's observance of Sections 6, 7, 8 8, 9 and 910. The Executive further agrees that in the event of his failure to observe the provisions of Sections 6, 7, 8 8, 9 or 910, (i) Executive shall forfeit the right to receive any portion of his bonus (ii) the Company shall be entitled to discontinue further providing the severance payments entitlements under Section 5(f5(e) and (iiiii) the Company shall be entitled to recover from the Executive any payments made severance entitlements provided to the Executive under Section 5(f5(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.