Common use of Forfeiture of Severance Payments Clause in Contracts

Forfeiture of Severance Payments. In the event the Executive breaches any provision of Section 6.1, in addition to any other remedies that the Company may have at law or in equity, the Executive shall promptly reimburse the Company for any Severance Payments received from, or payable by, the Company. In addition, the Company shall be entitled in its sole discretion to offset all or any portion of the amount of any unpaid reimbursements against any amount owed by the Company to the Executive.

Appears in 10 contracts

Samples: Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc)

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Forfeiture of Severance Payments. In the event the Executive breaches any provision of Section 6.16.1 or the Coldwater Creek Inc. Confidentiality and Intellectual Property Agreement and Agreement for Non-Solicitation or Recruitment, in addition to any other remedies that the Company may have at law or in equity, the Executive shall promptly reimburse the Company for any Severance Payments received from, or payable by, the Company. In addition, the Company shall be entitled in its sole discretion to offset all or any portion of the amount of any unpaid reimbursements against any amount owed by the Company to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Coldwater Creek Inc), Employment Agreement (Coldwater Creek Inc)

Forfeiture of Severance Payments. In the event the Executive breaches any provision of Section 6.16.1 above, in addition to any other remedies that the Company may have at law or in equity, the Executive shall promptly reimburse the Company for any Severance Payments received from, or payable by, the Company. In addition, the Company shall be entitled in its sole discretion to offset all or any portion of the amount of any unpaid reimbursements against any amount owed by the Company to the Executive.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

Forfeiture of Severance Payments. In the event the Executive breaches any provision of Section 6.1the Sections above, in addition to any other remedies that the Company may have at law or in equity, the Executive shall promptly reimburse the Company for any Severance Payments received from, or payable by, the Company. In addition, the Company shall be entitled in its sole discretion to offset all or any portion of the amount of any unpaid reimbursements against any amount owed by the Company to the Executive.. [Signature page to follow]

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

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Forfeiture of Severance Payments. In the event the Executive breaches any provision of Section 6.1, in addition to any other remedies that the Company may have at law or in equity, the Executive shall promptly reimburse the Company for any Severance Payments received from, or payable by, the CompanyCompany and any amounts paid to the Executive pursuant to Section 3.2. In addition, the Company shall be entitled in its sole discretion to offset all or any portion of the amount of any unpaid reimbursements against any amount owed by the Company to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Coldwater Creek Inc)

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