Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 6 contracts
Samples: Employment Agreement (Amerivision Communications Inc), Employment Agreement (Medical Media Television, Inc.), Employment Agreement (Amerivision Communications Inc)
Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-set off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this the Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 5 contracts
Samples: Employment Agreement (Biofrontera Inc.), Employment Agreement (Biofrontera Inc.), Employment Agreement (Biofrontera Inc.)
Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-set off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 2 contracts
Samples: Employment Agreement (Dnaprint Genomics Inc), Employment Agreement (Dnaprint Genomics Inc)
Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 2 contracts
Samples: Employment Agreement (Genomed Inc), Settlement Agreement (Genomed Inc)
Indebtedness of Executive. If, during the course of his their employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-set off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this the Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 2 contracts
Samples: Employment Agreement (Biofrontera Inc.), Employment Agreement (Biofrontera Inc.)
Indebtedness of Executive. If, during the course of his her employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-set off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this the Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 2 contracts
Samples: Employment Agreement (Biofrontera Inc.), Employment Agreement (Biofrontera Inc.)
Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted to the Company Corporation for any reason, the Company Corporation shall, if it so elects, have the right to set-off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company Corporation shall become immediately due and payable.
Appears in 1 contract
Samples: Employment Agreement (Pinecrest Investment Group Inc)
Indebtedness of Executive. If, during the course of his employment, the Executive becomes indebted Indebted to the Company for any reason, the Company shall, if it so elects, have the right to 10 set-off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 1 contract
Samples: Employment Agreement (Genomed Inc)
Indebtedness of Executive. If, during the course of his her employment, the Executive becomes indebted to the Company for any reason, the Company shall, if it so elects, have the right to set-set off and to collect any sums due it from the Executive out of any amounts which it may owe to the Executive for unpaid compensation. In the event that this Agreement terminates for any reason, all sums owed by the Executive to the Company shall become immediately due and payable.
Appears in 1 contract
