Common use of Loss of Benefits and Payment of Costs Clause in Contracts

Loss of Benefits and Payment of Costs. If I bring an action against Metavante in violation of this release or if I bring an action asking that the release be declared invalid or unenforceable, I agree that prior to the commencement of such an action I will tender back to Metavante all payments that I have received as consideration for this release. If my action is unsuccessful I further agree that I will pay all costs, expenses and reasonable attorneys’ fees incurred by Metavante in its successful defense against the action. I acknowledge and understand that all remaining benefits to be provided to me as consideration for this release will permanently cease as of the date such action is instituted. However, the previous three sentences shall not be applicable if I bring an action challenging the validity of this release under the Age Discrimination in Employment Act (which I may do without penalty under this release).

Appears in 10 contracts

Samples: Employment Agreement (Metavante Technologies, Inc.), Employment Agreement (Metavante Technologies, Inc.), Change of Control Agreement (Metavante Technologies, Inc.)

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