Common use of Forfeiture of Severance Benefits Clause in Contracts

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.

Appears in 9 contracts

Samples: Change in Control Severance Agreement (Centerspace), Change in Control Severance Agreement (Centerspace), Change in Control Severance Agreement (Investors Real Estate Trust)

AutoNDA by SimpleDocs

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 3 she 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 Executiveher.

Appears in 2 contracts

Samples: Severance Agreement (Tredegar Corp), Severance Agreement (Tredegar Corp)

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.

Appears in 2 contracts

Samples: Severance Agreement (Tredegar Corp), Severance Agreement (Tredegar Corp)

Forfeiture of Severance Benefits. The Executive shall forfeit the right to receive the Severance Benefits (other than the benefits described in Section 2.052.04 which shall be governed thereby) if the Executive breaches any of the covenants set forth in Section 3that certain Employee Confidential Information Agreement and Nondisclosure Noncompetition Agreement previously executed by the Executive (“Existing Covenants”). If the Executive breaches any of the covenants set forth in Section 3, the Existing Covenants Executive shall be liable to the Company for the repayment of any Severance Benefits (other than the benefits described in Section 2.052.04) previously paid to the Executive.

Appears in 1 contract

Samples: Retention Agreement (Hibbett Sports Inc)

AutoNDA by SimpleDocs

Forfeiture of Severance Benefits. The Executive shall forfeit the right to receive the Severance Benefits (other than the benefits described in Section 2.052.07) if the Executive materially breaches any of the covenants set forth in Section 3. If the Executive materially breaches any of the covenants set forth in Section 3, the Executive 3 he shall be liable to the Company for the repayment of any Severance Benefits (other than the benefits described in Section 2.052.07) previously paid to the Executivehim.

Appears in 1 contract

Samples: Severance Agreement (Tredegar Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!