Forfeiture of Right to Receive Relocation Incentive Payment Sample Clauses

Forfeiture of Right to Receive Relocation Incentive Payment. The Company agrees and acknowledges that the Relocation Incentive Payment provided for in subsection 2(b)(i) is being made by the City to the Company in consideration for the Company’s agreement to lease a facility and relocate and expand an office and its associated operations and workforce, and to create employment opportunities, all within the City. The Company further agrees that if the requirements of subsection 2(b)(i) are not satisfied, the City shall not be obligated to remit the Relocation Incentive Payment to the Company as required by this subsection 2(b).
AutoNDA by SimpleDocs

Related to Forfeiture of Right to Receive Relocation Incentive Payment

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

Time is Money Join Law Insider Premium to draft better contracts faster.