Common use of No Duty to Seek Employment Clause in Contracts

No Duty to Seek Employment. Executive and the Company acknowledge and agree that nothing contained in this Amendment shall be construed as requiring Executive to seek or accept alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on Executive's seeking or accepting such alternative or replacement employment.

Appears in 5 contracts

Samples: Employment Agreement (Eyetech Pharmaceuticals Inc), Employment Agreement (Eyetech Pharmaceuticals Inc), Employment Agreement (Eyetech Pharmaceuticals Inc)

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No Duty to Seek Employment. The Executive and the Company acknowledge and agree that nothing contained in this Amendment shall be construed as requiring the Executive to seek or accept alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on the Executive's ’s seeking or accepting such alternative or replacement employment.

Appears in 5 contracts

Samples: Offer Letter Amendment (Curis Inc), Offer Letter Amendment (Curis Inc), Amendment to Offer Letter (Curis Inc)

No Duty to Seek Employment. Executive and the Company acknowledge and agree that nothing contained in this Amendment Agreement shall be construed as requiring Executive to seek or accept alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on Executive's seeking or accepting such alternative or replacement employment.

Appears in 3 contracts

Samples: Employment Agreement (Eyetech Pharmaceuticals Inc), Employment Agreement (Eyetech Pharmaceuticals Inc), Employment Agreement (Eyetech Pharmaceuticals Inc)

No Duty to Seek Employment. The Executive and the Company acknowledge and agree that nothing contained in this Amendment the Agreement shall be construed as requiring Executive to seek or accept alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on Executive's ’s seeking or accepting such alternative or replacement employment.

Appears in 2 contracts

Samples: Employment Agreement (Cortex Pharmaceuticals Inc/De/), Employment Agreement (Cortex Pharmaceuticals Inc/De/)

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No Duty to Seek Employment. Executive and the Company acknowledge and agree that nothing contained in this Amendment the Agreement shall be construed as requiring Executive to seek or accept alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on Executive's seeking or accepting such alternative or replacement employment.

Appears in 1 contract

Samples: Employment Agreement (Axys Pharmaceuticals Inc)

No Duty to Seek Employment. The Executive and the Company acknowledge and agree that nothing contained in this Amendment shall be construed as requiring the Executive to seek or accept alternative or replacement employment in the event of his her termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on the Executive's ’s seeking or accepting such alternative or replacement employment.

Appears in 1 contract

Samples: Offer Letter Amendment (Curis Inc)

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