Common use of Rights to Severance Clause in Contracts

Rights to Severance. The receipt of any severance payments or benefits pursuant to Section 4 shall be subject to the Executive not violating any of the provisions set forth in the Confidentiality and Non-Competition Agreement. In the event the Executive breaches any of the provisions set forth in the Confidentiality and Non-Competition Agreement, in addition to all other legal and equitable remedies, the Company shall have the right to terminate or suspend all continuing payments and benefits to which the Executive may otherwise be entitled pursuant to Section 4 without affecting the Executive’s release or the Executive’s obligations under the Separation Agreement and Release.

Appears in 8 contracts

Samples: Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc)

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