Common use of No Further Obligation to Employee Clause in Contracts

No Further Obligation to Employee. The payments and benefits (if any) required to be made or provided to Employee pursuant to this Section 5 shall be in full and complete satisfaction of, and shall constitute the full settlement and release of the Company by Employee with regard to, all obligations of the Company owed to Employee pursuant to this Agreement. After the date of termination of Employee’s employment hereunder, the Company shall have no further obligations to Employee under this Agreement except as otherwise set forth herein.

Appears in 6 contracts

Samples: Employment and Non Competition Agreement (Metretek Technologies Inc), Employment and Non Competition Agreement (Metretek Technologies Inc), Employment and Non Competition Agreement (Powersecure International, Inc.)

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No Further Obligation to Employee. The payments and benefits (if any) required to be made or provided to Employee pursuant to this Section 5 shall be in full and complete satisfaction of, and shall constitute the full settlement and release of the Company by Employee with regard to, to all obligations of the Company owed to Employee pursuant to this Agreement. After the date of termination of Employee’s 's employment hereunder, the Company shall have no further obligations to Employee under this Agreement except as otherwise set forth herein.

Appears in 3 contracts

Samples: Employment and Non Competition Agreement (Metretek Technologies Inc), Employment and Non Competition Agreement (Metretek Technologies Inc), Employment and Non Competition Agreement (Metretek Technologies Inc)

No Further Obligation to Employee. The payments and benefits (if any) Benefits required to be made or provided to Employee pursuant to this Section 5 shall be in full and complete satisfaction of, and shall constitute the full settlement and release of the Company by Employee with regard to, all obligations of the Company owed to Employee pursuant to this Agreement. After the date Date of termination Termination of Employee’s employment hereunder, the Company shall have no further obligations to Employee and Employee shall have no right to receive any other or further compensation or Benefits under this Agreement Agreement, except as otherwise expressly and specifically set forth herein.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Powersecure International, Inc.)

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No Further Obligation to Employee. The payments and benefits (if any) required to be made or provided to Employee pursuant to this Section 5 shall be in full and complete satisfaction of, and shall constitute the full settlement and release of the Company by Employee with regard to, all obligations of the Company owed to Employee pursuant to this Agreement. After the date of termination of Employee’s 's employment hereunder, the Company shall have no further obligations to Employee under this Agreement except as otherwise set forth herein.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Metretek Technologies Inc)

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