NON-PAYMENT UPON NON-COMPLIANCE. Should Executive breach any one of the covenants set forth in this Article V, the Company shall have no obligation to make the payments or to provide Executive the benefits described in Sections 4.4 or 4.6 above, as applicable, in addition to all other rights and remedies the Company may have available at law or in equity. The Company shall provide written notice to Executive, ten (10) days prior to an expected payment, of the breach of a covenant and the ensuing non-payment thereof; provided, however, that if the Company learns of the breach without sufficient time to provide ten (10) days notice, the Company shall provide written notice as soon thereafter as practicable.
Appears in 4 contracts
Samples: Employment Agreement (Aremissoft Corp /De/), Employment Agreement (Aremissoft Corp /De/), Employment Agreement (Aremissoft Corp /De/)
NON-PAYMENT UPON NON-COMPLIANCE. Should Executive Employee breach any one of the covenants set forth in this Article V, the Company shall have no obligation to make the payments or to provide Executive Employee the benefits described in Sections sections 4.3 or 4.4 or 4.6 above, as applicable, in addition to all other rights and remedies the Company may have available at law or in equity. The Company shall provide written notice to ExecutiveEmployee, ten (10) days prior to an expected payment, of the breach of a covenant and the ensuing non-payment nonpayment thereof; provided, however, that if the Company learns of the breach without sufficient time to provide ten (10) days notice, the Company shall provide written notice as soon SOON thereafter as practicable.
Appears in 3 contracts
Samples: Employment Agreement (DBS Industries Inc), Employment Agreement (DBS Industries Inc), Employment Agreement (DBS Industries Inc)
NON-PAYMENT UPON NON-COMPLIANCE. Should Executive breach any one of the covenants set forth in this Article V, the Company shall have no obligation to make the payments or to provide Executive the benefits described in Sections 4.4 or 4.5 and 4.6 above, as applicable, in addition to all other rights and remedies the Company may have available at t law or in equity. The Company shall provide written notice to Executive, ten (10) days prior to an expected payment, of the breach of a covenant and the ensuing non-payment thereof; provided, however, that if the Company learns of the breach without sufficient time to provide ten (10) days notice, the Company shall provide written notice as soon thereafter as practicable.
Appears in 2 contracts
Samples: Employment Agreement (SoftBrands, Inc.), Employment Agreement (SoftBrands, Inc.)
NON-PAYMENT UPON NON-COMPLIANCE. Should Executive breach any one of the covenants set forth in this Article V, the Company shall have no obligation to make the payments or to provide Executive the benefits described in Sections 4.4 or 4.6 4.5 above, as applicable, in addition to all other rights and remedies the Company may have available at law or in equity. The Company shall provide written notice to Executive, ten fifteen (1015) days prior to an expected payment, of the breach of a covenant and the ensuing non-payment thereof; provided, however, that if the Company learns of the breach without sufficient time to provide ten fifteen (1015) days notice, the Company shall provide written notice as soon thereafter as practicable.
Appears in 1 contract