Sole Financial Obligation Sample Clauses

Sole Financial Obligation. The compensation and benefits set forth in Section 1 and 2 of this Agreement are the sole and exclusive financial obligations of the Company to Xxxxxx under this Agreement or otherwise in connection with Xxxxxx’x employment, consulting, or the termination of his employment or consulting. Notwithstanding the above, Xxxxxx’x rights under any applicable retirement, deferred compensation, 401k, pension, stock, stock option or restricted stock plan shall not be modified by this Agreement, and his rights shall be consistent with the provisions of such plans and agreements entered into pursuant to those plans. Xxxxxx understands that, leaving aside any rights under any applicable retirement, deferred compensation, 401k, pension, stock, stock option or restricted stock plan and leaving aside Xxxxxx’x right to indemnification under applicable law and the Company’s articles and bylaws for claims brought against him arising out of his service as an officer of the Company and its subsidiaries and affiliates, he is otherwise giving up any and all rights and benefits of employment.
Sample 1
AutoNDA by SimpleDocs
Sole Financial Obligation. The compensation and benefits provided for under paragraphs 1, 4 and 5 shall constitute the sole and exclusive financial obligation of HCPI to Executive under this Agreement.
Sample 1
Sole Financial Obligation. Employee understands and agrees that the monetary Severance Payment set forth in this Section 2 constitutes the Employer’s sole financial obligation to Employee.
Sample 1
Sole Financial Obligation. The compensation and benefits set forth in Sections 1, 2 and 3 of this Agreement are the sole and exclusive financial obligations of the Company to Flegel under this Agreement or otherwise in connection with Flegel's xxxxxxment, consulting, or the termination of his employment xx xxxxulting. Notwithstanding the above, Flegel's rights under any applicable retirement, 401k, pension, stock, xxxxx option, restricted stock plan, the Company's Nonqualified Excess Plan effective January 1, 1997 and the Company's Deferred Compensation Plan effective July 1, 2005 shall not be modified by this Agreement, and his rights shall be consistent with the provisions of such plans and agreements entered into pursuant to those plans. Flegel understands that, leaving aside any rights under any applicablx xxxxrement, 401k, pension, stock, stock option, restricted stock plan, the Company's Nonqualified Excess Plan effective January 1, 1997 or the Company's Deferred Compensation Plan effective July 1, 2005 and leaving aside Flegel's right to indemnification under applicable law and the Companx'x xxxxcles and bylaws for claims brought against him arising out of his service as an officer and/or director of the Company and its subsidiaries and affiliates, he is otherwise giving up any and all rights and benefits of employment.
Sample 1
Sole Financial Obligation. Except as otherwise expressly provided in the Co-Promotion Agreement, AstraZeneca’s [***] shall represent AstraZeneca’s sole obligations to make payments for the services to be performed by MAP under the Co-Promotion Agreement. MAP shall be solely responsible for [***], and AstraZeneca shall not be obligated to [***] (excluding costs of [***]).
Sample 1
Sole Financial Obligation. Employee understands and agrees that the monetary severance benefits set forth in this Section 2 constitutes the Company’s sole financial obligation to Employee under this Agreement. Employee also understands and agrees that the Severance Payment to be paid under this Agreement is due solely from the Company and that Insperity PEO Services, L.P. ("Insperity") has no obligation to pay the Severance Payment even though its payment may be processed through Insperity.
Sample 1

Related to Sole Financial Obligation

  • No Financial Obligation No provision of this Escrow Agreement shall require the Escrow Agent to risk or advance its own funds or otherwise incur any financial liability or potential financial liability in the performance of its duties or the exercise of its rights under this Escrow Agreement.

  • Financial Obligations There will be no transfer of funds between the Parties under this Agreement and each Party will fund its own participation. All activities under or pursuant to this Agreement are subject to the availability of funds, and no provision of this Agreement shall be interpreted to require obligation or payment of funds in violation of the Anti-Deficiency Act, (31 U.S.C. § 1341).

  • Payment of Financial Obligations The payment or provision to the Executive by the Company of any remuneration, benefits or other financial obligations pursuant to this Agreement shall be allocated among the Operating Partnership, the REIT and any subsidiary or affiliate thereof in such manner as such entities determine in order to reflect the services provided by the Executive to such entities; provided, however, that the Operating Partnership and the REIT shall be jointly and severally liable for such obligations.

  • Partnership Obligations (a) Except as provided in this Section 6.05 and elsewhere in this Agreement (including the provisions of Articles V and VI hereof regarding distributions, payments and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • The Companys Payment Obligation The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

  • Other Material Obligations Default in the payment when due, or in the performance or observance of, any material obligation of, or condition agreed to by, any Loan Party with respect to any material purchase or lease of goods or services where such default, singly or in the aggregate with all other such defaults, might reasonably be expected to have a Material Adverse Effect.

  • Additional Obligations of the Company The Company shall:

  • Failure to Pay Principal The Borrower fails to pay or cause to be paid any principal of such Exchange Note on the applicable Final Scheduled Payment Date and, if such failure is due to an administrative omission, mistake or technical difficulty such failure continues for three (3) Business Days after the date when such principal became due or such other length of time as specified in the Exchange Note Supplement;

  • Reimbursement Obligation of the Borrower In the event of any drawing under any Letter of Credit, the Borrower agrees to reimburse (either with the proceeds of a Revolving Credit Loan as provided for in this Section or with funds from other sources), in same day funds, the Issuing Lender on each date on which the Issuing Lender notifies the Borrower of the date and amount of a draft paid under any Letter of Credit for the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred by the Issuing Lender in connection with such payment. Unless the Borrower shall immediately notify the Issuing Lender that the Borrower intends to reimburse the Issuing Lender for such drawing from other sources or funds, the Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting that the Revolving Credit Lenders make a Revolving Credit Loan bearing interest at the Base Rate on such date in the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred by the Issuing Lender in connection with such payment, and the Revolving Credit Lenders shall make a Revolving Credit Loan bearing interest at the Base Rate in such amount, the proceeds of which shall be applied to reimburse the Issuing Lender for the amount of the related drawing and costs and expenses. Each Revolving Credit Lender acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section to reimburse the Issuing Lender for any draft paid under a Letter of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set forth in Section 2.3(a) or Article VI. If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse the Issuing Lender as provided above, the unreimbursed amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

Time is Money Join Law Insider Premium to draft better contracts faster.