Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 shall be received by Executive as liquidated damages.
Appears in 49 contracts
Samples: Employment Agreement (West Texas Resources, Inc.), Employment Agreement (Atomera Inc), Employment Agreement (Atomera Inc)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, the Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 shall be received by Executive as liquidated damages.
Appears in 35 contracts
Samples: Employment Agreement (Northern Tier Energy LP), Employment Agreement (Northern Tier Energy LP), Employment Agreement (Constellation Energy Partners LLC)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 4 shall be received by Executive as liquidated damages.
Appears in 31 contracts
Samples: Employment Agreement (Oxford Resource Partners LP), Employment Agreement (Oxford Resource Partners LP), Employment Agreement (Oxford Resource Partners LP)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 6 shall be received by Executive as liquidated damages.
Appears in 24 contracts
Samples: Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Taylor & Martin Group Inc), Employment Agreement (Superior Offshore International Inc.)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 IV shall be received by Executive as liquidated damagesdamages and not as a penalty.
Appears in 24 contracts
Samples: Employment Agreement (Core Laboratories Inc. /DE/), Employment Agreement (Core Laboratories Inc. /DE/), Employment Agreement (Core Laboratories Inc. /DE/)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the paymentspayments and benefits, if any, to be received by Executive pursuant to this Article 5 4 shall be received by Executive as liquidated damages.
Appears in 20 contracts
Samples: Employment Agreement (Alpine Immune Sciences, Inc.), Employment Agreement (Empire Petroleum Partners, LP), Employment Agreement (Empire Petroleum Partners, LP)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 6 shall be received by Executive as liquidated damages.
Appears in 18 contracts
Samples: Severance and Change in Control Agreement (Kbr, Inc.), Severance and Change of Control Agreement, Severance and Change of Control Agreement
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s 's employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 shall be received by Executive as liquidated damages.
Appears in 10 contracts
Samples: Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC), Employment Agreement (Superior Well Services, INC)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 6 shall be received by Executive as liquidated damages. Employee shall have no liability for his termination of this Agreement in accordance with paragraph 2.3.
Appears in 6 contracts
Samples: Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc), Employment Agreement (W-H Energy Services Inc)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, the Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 shall be received by Executive as liquidated damages.
Appears in 4 contracts
Samples: Employment Agreement (Constellation Energy Partners LLC), Employment Agreement (Constellation Energy Partners LLC), Employment Agreement (Constellation Energy Partners LLC)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of the Executive’s employment under this Agreement, the Company and the Executive hereby agree that the payments, if any, to be received by the Executive pursuant to this Article 5 V shall be received by the Executive as liquidated damagesdamages and shall be the Executive’s sole and exclusive remedy for any such termination.
Appears in 2 contracts
Samples: Waiver Agreement (Genesis Energy Lp), Waiver Agreement (Genesis Energy Lp)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, the Company and Executive hereby agree that the paymentspayments and benefits, if any, to be received by Executive pursuant to this Article 5 4 shall be received by Executive as liquidated damages.
Appears in 2 contracts
Samples: Employment Agreement (Alpine Immune Sciences, Inc.), Employment Agreement (Alpine Immune Sciences, Inc.)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s 's employment under this Agreement, Company and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 6 shall be received by Executive as liquidated damages.
Appears in 1 contract
Samples: Severance and Change in Control Agreement (Kbr, Inc.)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company the Employer and the Executive hereby agree that the payments, if any, to be received by the Executive pursuant to this Article 5 Section 6 shall be received by the Executive as liquidated damages. Payment of the amounts set forth in Section 6, if any, shall be in lieu of any severance benefit the Executive may be entitled to under any severance plan or policy of the Employer.
Appears in 1 contract
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company EHR and Executive hereby agree that the payments, if any, to be received by Executive pursuant to this Article 5 shall will be received by Executive as liquidated damages.
Appears in 1 contract
Samples: Employment Agreement (Energy Hunter Resources, Inc.)
Liquidated Damages. In light of the difficulties in estimating the damages for an early termination of Executive’s employment under this Agreement, Company and Executive hereby agree that the severance payments, if any, to be received by Executive pursuant to this Article 5 IV shall be received by Executive as liquidated damages.
Appears in 1 contract
