Common use of Forfeiture of Severance Clause in Contracts

Forfeiture of Severance. If Executive has engaged in any conduct prohibited by Section 13(a) or 13(b) above, the Company will have the right to immediately suspend any payments to or made on behalf of Executive pursuant to Section 6(c)(ii) of this Agreement, and Executive forfeits any rights he/she has to such payments.

Appears in 4 contracts

Samples: Employment Agreement (McAfee, Inc.), Employment Agreement (Networks Associates Inc/), Employment Agreement (Networks Associates Inc/)

AutoNDA by SimpleDocs

Forfeiture of Severance. If Executive has engaged in any conduct prohibited by Section 13(a10(a) or 13(b10(b) above, the Company will have the right to immediately suspend any payments to or made on behalf of Executive pursuant to Section 6(c)(ii4(c)(ii) of this Agreement, and Executive forfeits any rights he/she has to such payments.

Appears in 2 contracts

Samples: Employment Agreement (McAfee, Inc.), Employment Agreement (Networks Associates Inc/)

Forfeiture of Severance. If Executive has engaged in any conduct prohibited by Section 13(a10(a) or 13(b10(b) above, the Company will have the right to immediately suspend any payments to or made on behalf of Executive pursuant to Section 6(c)(ii4(c)(i) of this Agreement, and Executive forfeits any rights he/she has to such payments.

Appears in 1 contract

Samples: Employment Agreement (McAfee, Inc.)

AutoNDA by SimpleDocs

Forfeiture of Severance. If Executive has engaged in any conduct prohibited by Section 13(a) or 13(b) above, the Company will have the right to immediately suspend any payments to or made on behalf of Executive pursuant to Section 6(c)(ii69(c)(ii) of this Agreement, and Executive forfeits any rights he/she has to such payments.

Appears in 1 contract

Samples: Employment Agreement (Networks Associates Inc/)

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