No Obligation to Pay. With regard to any payment due to Executive under this Agreement, it shall not be a breach of any provision of this Agreement for Employer to fail to make such payment to Executive if (i) Employer is legally prohibited from making the payment; (ii) Employer would be legally obligated to recover the payment if it was made; or (iii) Executive would be legally obligated to repay the payment if it was made.
Appears in 12 contracts
Samples: Employment Agreement (Rosetta Resources Inc.), Employment Agreement (Rosetta Resources Inc.), Employment Agreement (Rosetta Resources Inc.)
No Obligation to Pay. With regard to any payment due to Executive under this Agreement, it shall not be a breach of any provision of this Agreement for Employer to fail to make such payment to Executive if (i) Employer is legally prohibited from making the payment; (ii) Employer would be legally obligated to recover the payment if it was made; or (iii) Executive would be legally obligated to repay the payment if it was made; provided, however, that this Paragraph 14 shall only apply if such prohibition or obligation is legally imposed by statute or regulation.
Appears in 8 contracts
Samples: Transition Agreement (Hyperdynamics Corp), Employment Agreement (Hyperdynamics Corp), Employment Agreement (Hyperdynamics Corp)
No Obligation to Pay. With regard to any payment due to the Executive under this Agreement, it shall not be a breach of any provision of this Agreement for Employer to fail to make such payment to the Executive if (i) Employer is legally prohibited from making the payment; (ii) Employer would be legally obligated to recover the payment if it was made; or (iii) the Executive would be legally obligated to repay the payment if it was made.
Appears in 2 contracts
Samples: Employment Agreement (Santander Consumer USA Holdings Inc.), Investment Agreement (Santander Holdings USA, Inc.)
No Obligation to Pay. With regard to any payment due to Executive under this Agreement, it shall not be a breach of any provision of this Agreement for Employer to fail to make such payment to Executive if (i) Employer is legally prohibited from making the payment; (ii) Employer would be legally obligated to recover the payment if it was made; or (iii) Executive would be legally obligated to repay the payment if it was made; provided, however, that this Paragraph 13 shall only apply if such prohibition or obligation is legally imposed by statute or regulation.
Appears in 1 contract
