Obligations under Employment Agreement Sample Clauses

Obligations under Employment Agreement. Xx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to the Employment Agreement, a copy of which is attached as Exhibit B, and this Agreement. Any violation of those obligations by Xx. Xxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to MEMC by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including Paragraph 10 below.
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Obligations under Employment Agreement. Xx. Xxxxxxxxx agrees that he has continuing obligations to SSL pursuant to the Employment Agreement and this Agreement. Any violation of those obligations by Xx. Xxxxxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. SunEdison Semiconductor LLC. expressly reserves the right to pursue all other legal and equitable remedies available to them by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including Paragraph 11 below.
Sample 1Sample 2
Obligations under Employment Agreement. Xx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to Section 5 of the Employment Agreement between Xx. Xxxxxx and MEMC entered into as of January 1, 2002, a copy of which is attached hereto as Exhibit 1 (the “Employment Agreement”) provided that the provisions of paragraph 13 below shall supersede the non-solicitation provisions included in the second paragraph under “Competitive Activity” of the exhibit to the Employment Agreement. Any violation of those obligations by Xx. Xxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to it by virtue of any breach of Section 5 of the Employment Agreement or any promise made in this Agreement, including paragraphs 12 and 13, below.
Sample 1
Obligations under Employment Agreement. Xx. Xxxxxxxxxxx agrees that he has continuing obligations to MEMC pursuant to the sections of the Employment Agreement entitled “CONFIDENTIAL INFORMATION,” “COMPETITIVE ACTIVITY,” and “IDEAS, INVENTIONS OR DISCOVERIES.” Any violation of such obligations by Xx. Xxxxxxxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxxxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to it by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including paragraph 12, below.
Sample 1
Obligations under Employment Agreement. The parties agree that this Award is being provided in addition to the shares under the PERFORMANCE BASED RESTRICTED STOCK UNIT GRANT AGREEMENT OF XXXXXX INDUSTRIES, INC. dated January 1, 2023 (for performance shares) and under the RESTRICTED STOCK AGREEMENT OF NABORS INDUSTRIES, INC., dated January 1, 2023 (for TSR shares). The Common Shares under this Award are not in lieu of any specific shares, or in lieu of any obligation under the Employment Agreement between the Grantee and the Company (the “Employment Agreement”). The parties further agree that the Award under this Performance Stock Unit Grant is a discretionary award and the Committee is under no obligation to make such awards in any future years. The parties further agree that, notwithstanding anything in the Employment Agreement to the contrary, this Award will not be covered by any provisions of the Employment Agreement (including, without limitation, any provision(s) of the Employment Agreement relating to treatment of equity awards upon a termination of employment) and will be governed solely by this award agreement and the Plan. Other than with respect to the immediately preceding sentence, this Award does not amend, modify, or vary the rights of the Executive or the Company under the Employment Agreement, nor does it create under the Employment Agreement any additional rights for, or additional obligations of, the Executive or the Company, which Employment Agreement remains in effect without change as it existed immediately before this Award. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS] ​ ​
Sample 1
Obligations under Employment Agreement. The parties agree that this Award is being provided in addition to the shares under the PERFORMANCE BASED RESTRICTED STOCK UNIT GRANT AGREEMENT OF NABORS INDUSTRIES, INC. dated January 1, 2023 (for performance shares) and under the RESTRICTED STOCK AGREEMENT OF XXXXXX INDUSTRIES, INC., dated January 1, 2023 (for TSR shares). The Common Shares under this Award are not in lieu of any specific shares, or in lieu of any obligation under the Employment Agreement. The parties further agree that the Award under this Performance Stock Unit Grant is a discretionary award and the Committee is under no obligation to make such awards in any future years. The parties further agree that this Award does not amend, modify, or vary the rights of the Executive or the Company under the Employment Agreement, nor does it create under the Employment Agreement any additional ​ rights for, or additional obligations of, the Executive or the Company, which Employment Agreement remains in effect without change as it existed immediately before this Award. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS] ​ ​ ​
Sample 1
Obligations under Employment Agreement. Xx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to the Employment Agreement, a copy of which is attached as Exhibit B, the Separation Agreement and General Release, and this Continuation Agreement. Any violation of those obligations by Xx. Xxxxxx constitutes a material breach of this Continuation Agreement and subjects Xx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Continuation Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to MEMC by virtue of any breach of the Employment Agreement or any promise made in the Separation Agreement and General Release, or in this Continuation Agreement.
Sample 1
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Related to Obligations under Employment Agreement

  • Obligations of Executive (a) For two years following the Termination Event, Executive agrees not to personally solicit any of the employees either of the Company or of any entity in which the Company directly or indirectly possesses the ability to determine the voting of 50% or more of the voting securities of such entity (including two-party joint ventures in which each party possesses 50% of the total voting power of the entity) to become employed elsewhere or provide the names of such employees to any other company which Executive has reason to believe will solicit such employees. (b) Following the occurrence of a Termination Event, Executive agrees to continue to satisfy Executive’s obligations under the terms of the Company’s standard form of Proprietary Information and Non-Disclosure Agreement previously executed by Executive (or any comparable agreement subsequently executed by Executive in substitution or supplement thereto). Executive’s obligations under this Section 4.2(b) shall survive the termination of this Agreement. (c) It is expressly understood and agreed that although Executive and the Company consider the restrictions contained in this Section 4 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of this Agreement shall not be rendered void, but shall be deemed amended to apply as to such maximum time or territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. (d) Following a Termination Event, Executive agrees not to make any public statement or statements to the press concerning the Company, its business objectives, its management practices, or other sensitive information without first receiving the Company’s written approval. Executive further agrees to take no action which would cause the Company or its employees or agents any embarrassment or humiliation or otherwise cause or contribute to the Company’s or any such person’s being held in disrepute by the general public or the Company’s employees, clients, or customers. (e) Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 4.2(a) or Section 4.2(b) would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall, with respect to a breach or threatened breach of Section 4.2(a) or Section 4.2(b) only, obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction, or any other equitable remedy which may then be available.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • Amendment to Employment Agreement 2 of the Employment Agreement is amended and restated in its entirety to read as follows:

  • No Employment Agreement Nothing in this agreement shall give the Executive any rights to (or impose any obligations for) continued employment by the Company or any Affiliate or subsidiary thereof or successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Executive.

  • Amendments to Employment Agreement Effective as of the date hereof, the Employment Agreement shall be amended as provided in this Section 1.

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated: (i) due to and upon expiration of the Term of this Agreement the Company shall pay Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given, and an amount equal to the product of (x) all bonuses and awards that would have been earned by Executive upon completion of each award cycle that began during the Term but had not been completed as of the Date of Termination, calculated as though the full achievement of all goals and targets relating thereto had been achieved in full and (y) a fraction, the numerator of which shall be the number of days from the beginning of the applicable bonus or award cycle to and including the Date of Termination and the denominator of which shall be the number of days in such cycle; or (ii) if Executive's employment shall be terminated by the Company for Cause or by Executive without Good Reason, then the Company shall pay Executive his Base Salary (at the rate in effect at the time Notice of Termination is given) through the Date of Termination, and the Company shall have no additional obligations to Executive under this Agreement. (b) For any other reason. If Executive's employment shall be terminated for any reason other than those provided in Section 6(a) above, then: (i) the Company shall pay Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given, and an amount equal to the product of (x) all bonuses and awards that would have been earned by Executive upon completion of each award cycle that began during the Term but had not been completed as of the Date of Termination, calculated as though the full achievement of all goals and targets relating thereto had been achieved in full and (y) a fraction, the numerator of which shall be the number of days from the beginning of the applicable bonus or award cycle to and including the Date of Termination and the denominator of which shall be the number of days in such cycle; and (ii) in lieu of paying any further compensation to Executive for periods subsequent to the Date of Termination, the Company shall pay to the Executive severance payments in the form of continuation of Executive's Base Salary in effect as of the Date of Termination for a period of two (2) years following such Date of Termination (the "Severance Payment Period").

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

  • Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

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