Common use of Forfeiture of Severance Payments Clause in Contracts

Forfeiture of Severance Payments. If Executive breaches Sections 5, 6, or 7 of this Agreement during the term that severance payments are made pursuant to Sections 4(c), 4(e), or 4(f) of this Agreement, Executive shall pay back to Employer all severance payments received to date. Nothing contained in this Section 9 shall be construed as prohibiting Employer from pursuing any other remedies available to it in the event of the breach of Sections 5, 6, or 7, including the equitable remedies set forth in Section 11.

Appears in 6 contracts

Samples: Executive Employment Agreement (Capital Gold Corp), Executive Employment Agreement (Capital Gold Corp), Executive Employment Agreement (Capital Gold Corp)

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Forfeiture of Severance Payments. If Executive breaches Sections 5, 6, or 7 of this Agreement during the term that severance payments are made pursuant to Sections 4(c), 4(e), 4(f), or 4(f4(h) of this Agreement, Executive shall pay back to Employer all severance payments received to date. Nothing contained in this Section 9 shall be construed as prohibiting Employer from pursuing any other remedies available to it in the event of the breach of Sections 5, 6, or 7, including the equitable remedies set forth in Section 1112.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ultimate Electronics Inc), Executive Employment Agreement (Ultimate Electronics Inc)

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Forfeiture of Severance Payments. If Executive breaches Sections 5, 6, or 7 of this Agreement during the term that severance payments are made pursuant to Sections 4(c), 4(e), or 4(f) of this Agreement, Executive shall pay back to Employer all severance payments received to datethrough the date of such breach. Nothing contained in this Section 9 shall be construed as prohibiting Employer from pursuing any other remedies available to it in the event of the breach of Sections 5, 6, or 7, including the equitable remedies set forth in Section 1112.

Appears in 1 contract

Samples: Executive Employment Agreement (Capital Gold Corp)

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