Common use of Payment in Lieu of Severance Clause in Contracts

Payment in Lieu of Severance. Payment under clause 14.4 constitutes full satisfaction and discharge of the Company's obligations with respect to notice of termination.

Appears in 4 contracts

Samples: Employment Agreement (Golden Matrix Group, Inc.), Employment Agreement (Golden Matrix Group, Inc.), Employment Agreement (Golden Matrix Group, Inc.)

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Payment in Lieu of Severance. Payment under clause 14.4 constitutes full satisfaction and discharge of the Company's obligations with respect to notice of termination, and the Company may condition the payment of such amounts on Employee’s entry into a settlement and release with the Company (in reasonably agreeable form).

Appears in 1 contract

Samples: Employment Agreement (Golden Matrix Group, Inc.)

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