Common use of Termination of Existing Agreement Clause in Contracts

Termination of Existing Agreement. Effective upon the close of business on the day prior to the Commencement Date, any employment agreement by and between Company and Executive which predates the Commencement Date is hereby terminated, except that any rights and obligations which accrue or otherwise arise prior to the Commencement Date under any such agreement shall continue to be enforceable.

Appears in 4 contracts

Samples: Employment Agreement (Dais Analytic Corp), Employment Agreement (Dais Analytic Corp), Employment Agreement (Dais Analytic Corp)

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Termination of Existing Agreement. Effective upon the close of business on the day prior to the Commencement Date, any employment agreement by and between Company and Executive which that predates the Commencement Date is hereby terminated, except that any rights and obligations which accrue or otherwise arise prior to the Commencement Date under any such agreement shall continue to be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Dais Analytic Corp)

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Termination of Existing Agreement. Effective upon the close of business on the day prior to the Commencement Date, any employment agreement by and between Company and Executive Employee which predates the Commencement Date is hereby terminated, except that any rights and obligations which accrue or otherwise arise prior to the Commencement Date under any such agreement shall continue to be enforceable.

Appears in 1 contract

Samples: Employment Agreement (Dais Analytic Corp)

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