Common use of Termination of Employment and Forfeiture of Compensation Clause in Contracts

Termination of Employment and Forfeiture of Compensation. Executive agrees that in the event that Viewlocity determines that he has breached any of the covenants set forth in Section 6 or 7 above during his employment, Viewlocity shall have the right to terminate his employment for Cause. In addition, Executive agrees that if Viewlocity determines that he has breached any of the covenants set forth in Section 6 or 7 at any time, Viewlocity shall have the right to discontinue any or all remaining benefits payable pursuant to Section 5 above, as applicable. Such termination of employment or discontinuance of benefits shall be in addition to and shall not limit any and all other rights and remedies that Viewlocity may have against Executive.

Appears in 4 contracts

Samples: Viewlocity Employment Agreement (Viewlocity Inc), Viewlocity Employment Agreement (Viewlocity Inc), Viewlocity Employment Agreement (Viewlocity Inc)

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