Forfeiture of Severance Benefits. The Executive shall forfeit the right to receive the Severance Benefits (other than the benefits described in Section 2.05) if the Executive breaches any of the covenants set forth in Section 3. If the Executive breaches any of the covenants set forth in Section 3, the Executive shall be liable to the Company for the repayment of any Severance Benefits (other than the benefits described in Section 2.05) previously paid to the Executive.
Forfeiture of Severance Benefits. The right of Executive to receive or to retain Severance Benefits pursuant to Section 7.2 or Section 7.3 shall be subject to Executive’s continued compliance with the Covenants (as defined in Section 12). In the event that Executive breaches any of the Covenants, the Company shall have the right to (a) terminate any further provision of Severance Benefits not yet paid or provided, (b) seek reimbursement from Executive for any and all such Severance Benefits previously paid or provided to Executive, (c) recover from Executive all shares of stock of the Company the vesting of which was accelerated by reason of the Severance Benefits (or the proceeds therefrom, reduced by any exercise or purchase price paid to acquire such shares), and (d) to immediately cancel all Equity Awards the vesting of which was accelerated by reason of the Severance Benefits.
Forfeiture of Severance Benefits. Executive acknowledges and agrees that any material breach of this Agreement, the Employment Agreement, or the PIIA, including any of the restrictive covenants set forth therein, shall entitle the Company immediately to recover and/or cease providing the Severance Benefits, except as provided by law. All other provisions of this Agreement, the Employment Agreement, and the PIIA shall remain in full force and effect. wxx.xxxxxxxxxxx.xxx | 4000 X Xxxxxxxx Xx | Phoenix | AZ | 85040
Forfeiture of Severance Benefits. Regardless of the reason why the employment relationship ends, if following termination, the Employee breaches his obligations to the Company pursuant to ARTICLES VII and VIII below, the Company's obligations to provide the Employee severance compensation and benefits shall cease immediately.
Forfeiture of Severance Benefits. In the event that Executive violates the terms of this Agreement, including but not limited to the provisions of Sections 6, 7, 8, 10 and 11, then Executive shall forfeit any benefit to which Executive may be entitled pursuant to Section 3 hereof, and, within 30 days of a written request of the Company, shall reimburse the Company for any benefit paid to Executive hereunder. Nothing herein shall be construed as prohibiting the Company from pursuing any other remedies available to the Company in the event of any breach or threatened breach, or as a waiver of the Company’s right to seek injunctive relief to enforce this Agreement’s restrictive covenants.
Forfeiture of Severance Benefits. In the event that Employee materially breaches any of Employee’s obligations under Section 8(a), (b) and (c), Employee shall immediately forfeit any right to the Severance Benefit under Section 5(d).
Forfeiture of Severance Benefits. Mr.lMs. agrees that, if he/she accepts an offer of employment from Pacific Gas and Electric Company, PG&E Corporation, or an affiliate of PG&E, after the effective date of this Severance Agreement and Release, he/she shall forfeit any right to any unmade installment payment.
Forfeiture of Severance Benefits. Notwithstanding the foregoing, Executive will forfeit, and if already paid, repay to the Company on an after-tax basis, any severance benefits set forth in Section 7 (a) or (c) if: (i) the Company is required to restate financials due to the material noncompliance of the Company with any financial reporting requirement under the U.S. securities laws during any period for which Executive was Chief Executive Officer of the Company; (ii) Executive acts in a manner that would have constituted Cause had he been employed at the time of such act; and/or (iii) Executive otherwise violates the terms of this Agreement, including but not limited to the provisions of Section 12.
Forfeiture of Severance Benefits. The Company’s obligation to provide the Severance Benefits, or to continue to provide Severance Benefits, will cease in full immediately in the event that, at any time, you materially breach this Agreement or the Proprietary Information Agreement. By way of example, but not limitation, if you solicit any Company employees in violation of Section 9 hereof, the Company will not provide any Severance Benefits (or continue to provide the Severance Benefits).
Forfeiture of Severance Benefits. The Executive shall forfeit the right to receive the Severance Benefits (other than the benefits described in Section 2.04 which shall be governed thereby) if the Executive breaches any of the covenants set forth in that certain Employee Confidential Information Agreement and Nondisclosure Noncompetition Agreement previously executed by the Executive (“Existing Covenants”). If the Executive breaches any of the Existing Covenants Executive shall be liable to the Company for the repayment of any Severance Benefits (other than the benefits described in Section 2.04) previously paid to Executive.
