Common use of No Re-Employment Clause in Contracts

No Re-Employment. Employee agrees that Employee’s employment relationship with the Company and its affiliates is being permanently and irrevocably severed, and Employee agrees not apply for re-employment with the Company or any of its subsidiaries, affiliates or related companies in any capacity and that any failure to re-employ Employee by Company or any of its subsidiaries, affiliates or related companies for any reason (or, if Employee has already been employed, dismiss Employee following discovery of that fact) will not constitute a discriminatory action. Employee further covenants and agrees not to make any claim or commence any action based upon a failure to re-employ or future termination of Employee upon re-hiring.

Appears in 6 contracts

Samples: Separation Agreement, Separation Agreement, Separation Agreement

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No Re-Employment. Employee agrees that Employee’s employment relationship with the Company Employer and its affiliates is being permanently and irrevocably severed, and Employee agrees not to apply for re-employment with the Company Employer or any of its subsidiaries, affiliates or related companies in any capacity and that any failure to re-employ Employee by Company Employer or any of its subsidiaries, affiliates or related companies for any reason (or, if Employee has already been employed, dismiss Employee following discovery of that fact) will not constitute a discriminatory action. Employee further covenants and agrees not to make any claim Claim or commence any action based upon a failure to re-employ or future termination of Employee upon re-hiring.

Appears in 1 contract

Samples: Separation Agreement (Bancorp 34, Inc.)

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