Common use of NO DIVESTMENT Clause in Contracts

NO DIVESTMENT. No termination of Executive's employment shall divest Executive of his right to receive all or any unpaid portion or installment of any of his Salary or Bonus to which he is otherwised entitled pursuant to the terms of this Agreement.

Appears in 5 contracts

Samples: Employment and Noncompetition Agreement (Strategic Timber Trust Inc), Employment and Noncompetition Agreement (Strategic Timber Trust Inc), Employment and Noncompetition Agreement (Strategic Timber Trust Inc)

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NO DIVESTMENT. No termination of Executive's employment shall divest Executive of his right to receive all or any unpaid portion or installment of any of his Salary or Bonus to which he is otherwised otherwise entitled pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Employment and Noncompetition Agreement (Strategic Timber Trust Inc), Employment and Noncompetition Agreement (Strategic Timber Trust Inc)

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