Common use of Term of Agreement; Survival Clause in Contracts

Term of Agreement; Survival. Unless earlier terminated pursuant to paragraph 2 hereof, this Agreement shall terminate on the second anniversary of a Change in Control, provided that the obligations of the Executive under paragraphs 7 and 9 shall continue forever and the obligations of the Executive under paragraph 10 shall continue for the period stated therein. The rights and obligations of the parties pursuant to this Agreement shall survive the Termination Date to the extent that any performance is required hereunder after the expiration or termination of such term.

Appears in 4 contracts

Samples: Provell Inc, And Noncompete Agreement (Damark International Inc), And Noncompete Agreement (Damark International Inc)

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Term of Agreement; Survival. Unless earlier terminated pursuant to paragraph 2 hereof, this Agreement shall terminate on the second anniversary of a Change in Control, provided that the obligations of the Executive under paragraphs 7 and 9 shall continue forever and the obligations of the Executive under paragraph 10 shall continue for the period stated therein. The rights and obligations of the parties pursuant to this Agreement shall survive the Termination Date to the extent that any performance is required hereunder after the expiration or termination of such term. Without limiting the generality of the foregoing, the obligations of the Executive under paragraphs 6 and 8 shall continue forever and the obligations of the Executive under paragraph 9 shall continue for the period specified therein.

Appears in 2 contracts

Samples: Severance, Confidentiality and Noncompete Agreement (Damark International Inc), Severance, Confidentiality and Noncompete Agreement (Damark International Inc)

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