Common use of Not an Agreement of Employment Clause in Contracts

Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's employment at any time with or without cause, subject to the payment provisions hereof if such termination is after, or within ninety (90) days prior to a Change of Control, as defined herein. The Executive acknowledges that he is aware that he shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or as a result of any other action taken by the Company.

Appears in 4 contracts

Samples: Exibit 10 (Overseas Shipholding Group Inc), Agreement Agreement (Overseas Shipholding Group Inc), Agreement (Overseas Shipholding Group Inc)

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Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's employment at any time with or without causeCause, subject to the payment provisions hereof if such termination is after, or within ninety (90) days three months prior to to, a Change of in Control, as defined herein. The Executive acknowledges that he the Executive is aware that he the Executive shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or hereof. Except as a result of provided herein, the foregoing shall not affect the Executive's rights under any other action taken by agreement with the Company.

Appears in 4 contracts

Samples: Employment Agreement (Florida East Coast Industries Inc), Change in Control Agreement (Florida East Coast Industries Inc), Change in Control Agreement (Florida East Coast Industries Inc)

Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's employment at any time with or without causeCause, subject to the payment provisions hereof if such termination is after, or within ninety (90) 180 days prior to to, a Change of in Control, as defined herein. The Executive acknowledges that he the Executive is aware that he the Executive shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or as a result of any other action taken by the Company. Except as expressly provided herein, the foregoing shall not affect the Executive's rights under any other agreement with the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Champion Enterprises Inc), Change in Control Agreement (Champion Enterprises Inc)

Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's employment at any time with or without cause, subject to the payment provisions hereof if such termination is after, or within ninety (90) days prior to a Change of in Control, as defined herein. The Executive acknowledges that he is aware that he shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or as a result of any other action taken by the Companyhereof.

Appears in 2 contracts

Samples: Agreement (Quaker Fabric Corp /De/), Agreement (Quaker Fabric Corp /De/)

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Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's ’s employment at any time with or without causeCause, subject to the payment provisions hereof if such termination is after, or within ninety (90) 180 days prior to to, a Change of in Control, as defined herein. The Executive acknowledges that he the Executive is aware that he the Executive shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or as a result of any other action taken by the Company. Except as expressly provided herein, the foregoing shall not affect the Executive’s rights under any other agreement with the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Champion Enterprises Inc), Change in Control Agreement (Champion Enterprises Inc)

Not an Agreement of Employment. This is not an agreement assuring employment and, subject to any other agreement between the Executive and the Company, the Company reserves the right to terminate the Executive's ’s employment at any time with or without causeCause, subject to the payment provisions hereof if such termination is after, or within ninety (90) days three months prior to to, a Change of in Control, as defined herein. The Executive acknowledges that he the Executive is aware that he the Executive shall have no claim against the Company hereunder or for deprivation of the right to receive the amounts hereunder as a result of any termination that does not specifically satisfy the requirements hereof or hereof. Except as a result of provided herein, the foregoing shall not affect the Executive’s rights under any other action taken by agreement with the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Florida East Coast Industries, Inc.), Change in Control Agreement (Florida East Coast Industries, Inc.)

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