Common use of Return of Employer Property on Termination Clause in Contracts

Return of Employer Property on Termination. The Employee agrees to promptly return the Employer's property to the Employer's Florida headquarters upon termination of his employment with the Employer. The Employer reserves the right to take appropriate legal action against the Employee in the event of a breach of this provision.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Heico Corp), Employment and Noncompetition Agreement (Heico Corp), Employment and Noncompetition Agreement (Heico Corp)

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Return of Employer Property on Termination. The Employee agrees to promptly return the Employer's property to the Employer's Florida headquarters upon termination of his employment with Employer. Failure to comply with this provision will result in the Employerimmediate forfeiture of any payment then due and owing to the Employee. The Employer reserves the right to take appropriate legal action against the Employee in the event of a breach of this provision.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heico Corp)

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Return of Employer Property on Termination. The Employee agrees to promptly return the Employer's property to the Employer's Florida headquarters upon termination or expiration of his employment with the Employer. The Employer reserves the right to take appropriate legal action against the Employee in the event of a breach of this provision.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement (Heico Corp)

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