Common use of Obligation to Make Severance Payments Clause in Contracts

Obligation to Make Severance Payments. The Company will be obligated to make the severance payments contemplated in this Section 1.4 if the Executive has not breached, and only for so long as the Executive does not breach, his obligations under Sections 1.5, 1.6, 1.7, or 1.8 of this Agreement and executes and delivers to the Company an executed release substantially in the form attached hereto as Exhibit B.

Appears in 3 contracts

Samples: Employment Agreement (Saratoga Resources Inc /Tx), Employment Agreement (Saratoga Resources Inc /Tx), Employment Agreement (Saratoga Resources Inc /Tx)

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Obligation to Make Severance Payments. The Company will be obligated to make the severance payments contemplated in this Section 1.4 if the Executive has not breached, and only for so long as the Executive does not breach, his obligations under Sections 1.5, 1.6, 1.7, or 1.8 of this Agreement and executes and delivers to the Company an executed release substantially in the form attached hereto as Exhibit B.A.

Appears in 2 contracts

Samples: Employment Agreement (Saratoga Resources Inc /Tx), Employment Agreement (Saratoga Resources Inc /Tx)

Obligation to Make Severance Payments. The Company will be obligated to make the severance payments contemplated in this Section 1.4 if the Executive has not breached, and only for so long as the Executive does not breach, his obligations under Sections 1.50, 1.60, 1.70, or 1.8 0 of this Agreement and executes and delivers to the Company an executed release substantially in the form attached hereto as Exhibit B.

Appears in 1 contract

Samples: Employment Agreement (Houston American Energy Corp)

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Obligation to Make Severance Payments. The Company will be obligated to make the severance payments contemplated in this Section 1.4 if the Executive has not breached, and only for so long as the Executive does not breach, his obligations under Sections 1.5, 1.6, 1.71.6, or 1.8 of this Agreement and executes and delivers to the Company an executed release substantially in the form attached hereto as Exhibit B.A.

Appears in 1 contract

Samples: Employment Agreement (Saratoga Resources Inc /Tx)

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