Common use of Nature of Payments Clause in Contracts

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 constitute liquidated damages for termination of his employment during the Term.

Appears in 40 contracts

Samples: Noncompetition Agreement (CubeSmart, L.P.), Executive Employment Agreement (U-Store-It Trust), Executive Employment Agreement (U-Store-It Trust)

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Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments Company’s payment obligations set forth in this Section 5 constitute liquidated damages for termination of his the Executive’s employment during the Term.

Appears in 15 contracts

Samples: David Peterschmidt Employment Agreement (Ciber Inc), Employment Agreement (Coldwater Creek Inc), David Peterschmidt Employment Agreement (Ciber Inc)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 3, Section 4, and Section 5 constitute liquidated damages for termination of his employment during the Term.

Appears in 4 contracts

Samples: Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 3, Section 4, and Section 5 constitute liquidated damages for termination of his employment during the Termterm of this Agreement (including any extensions thereof).

Appears in 4 contracts

Samples: Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust), Executive Employment Agreement (Kite Realty Group Trust)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in Sections 9 of this Section 5 Agreement constitute liquidated damages for termination of his the Executive’s employment during the Employment Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Skillsoft Corp.)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 Sections 9 constitute liquidated damages for termination of his the Executive’s employment during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (McClatchy Co)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 Sections 8 and 9 constitute liquidated damages for termination of his the Executive’s employment during the Term.

Appears in 1 contract

Samples: Executive Employment Agreement (McClatchy Co)

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Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 Sections 9 constitute liquidated damages for termination of his the Executive's employment during the Employment Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Skillsoft Corp.)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 constitute liquidated damages for termination of his her employment during the Term.

Appears in 1 contract

Samples: Employment Agreement (U-Store-It Trust)

Nature of Payments. For the avoidance of doubt, the Executive acknowledges and agrees that the payments set forth in this Section 5 Sections 9 constitute liquidated damages for termination of his the Executive’s employment during the Employment Term.

Appears in 1 contract

Samples: Executive Employment Agreement (Churchill Capital Corp II)

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