Common use of Suspension of Payments Clause in Contracts

Suspension of Payments. Should an alleged breach by Employee of Sections 5 or 6 of this Agreement occur, the Company shall not be entitled to suspend any payments otherwise due to Employee during litigation of any action it may bring against Employee for injunctive and/or monetary relief.

Appears in 6 contracts

Samples: Executive Employment Agreement (Entertainment Inc), Executive Employment Agreement (Poland Communications Inc), Executive Employment Agreement (Entertainment Inc)

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Suspension of Payments. Should Employee hereby acknowledges that should an alleged breach by Employee of Sections 5 6 or 6 7 of this Agreement occur, the Company shall not be is entitled to suspend any payments otherwise due to Employee during litigation of any action it may bring against Employee for injunctive and/or monetary relief; however, in the event that the Company does not prevail in such litigation, it shall owe Employee double the amount of the payments that were suspended.

Appears in 2 contracts

Samples: Employment Agreement (Omega Flex, Inc.), Employment Agreement (Omega Flex, Inc.)

Suspension of Payments. Should Employee hereby acknowledges that should an alleged breach by Employee of Sections 5 or 6 of this Agreement occur, the Company shall not be is entitled to suspend any payments otherwise due to Employee during litigation of any action it may bring against Employee for injunctive and/or monetary relief.

Appears in 1 contract

Samples: Executive Employment Agreement (Poland Communications Inc)

Suspension of Payments. Should an alleged Employee hereby acknowledges that should a breach by Employee of Sections 5 6 or 6 7 of this Agreement occur, the Company shall not be entitled to suspend any offset against payments otherwise due Employee hereunder any damages incurred by the Company with respect to Employee during litigation of any action it may bring against Employee for injunctive and/or monetary reliefsuch breach.

Appears in 1 contract

Samples: Employment Agreement (Capitol Multimedia Inc /De/)

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Suspension of Payments. Should an alleged Employee hereby acknowledges that should a breach by Employee of Sections 5 or 6 of this Agreement occur, the Company shall not be entitled to suspend any offset against payments otherwise due Employee hereunder any damages incurred by the Company with respect to Employee during litigation of any action it may bring against Employee for injunctive and/or monetary reliefsuch breach.

Appears in 1 contract

Samples: Employment Agreement (Capitol Multimedia Inc /De/)

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