Common use of Limitation on Liabilities Clause in Contracts

Limitation on Liabilities. If the Executive is awarded any damages as compensation for any breach of this Agreement or a breach of any covenant contained in this Agreement (whether express or implied by either law or fact), such damages shall be limited to contractual damages (including reasonable attorneys' fees) and shall exclude (i) punitive damages and (ii) consequential and/or incidental damages (e.g., lost profits and other indirect or speculative damages). The maximum amount of damages that the Executive may recover for any reason shall be all amounts owed (but not yet paid) to the Executive pursuant to this Agreement.

Limitation on Liabilities. If the Executive is awarded any damages as compensation for any breach of this Agreement or a breach of any covenant contained in this Agreement (whether express or implied by either law or fact), such damages shall be limited to contractual damages (including reasonable attorneys' ’ fees) and shall exclude (i) punitive damages and (ii) consequential and/or incidental damages (e.g., lost profits and other indirect or speculative damages). The maximum amount of damages that the Executive may recover for any reason shall be all amounts owed (but not yet paid) to the Executive pursuant to this Agreement.