Common use of Termination of Existing Agreements Clause in Contracts

Termination of Existing Agreements. This Agreement, effective on the Closing Date and upon consumption of the Transactions supersedes and preempts any prior understandings, agreements or representations, written or oral, by or between Employee and Employer, which may have related to the employment of Employee, Employee's Agreement Not to Compete with Employer, or the payment of salary or other compensation by Employer to Employee, and upon this Agreement becoming effective, all such understandings, agreements and representations shall terminate and shall be of no further force or effect.

Termination of Existing Agreements. This Agreement, effective on the Closing Date and upon consumption of the Transactions Agreement supersedes and preempts any prior understandings, agreements or representations, written or oral, by or between Employee and Employer, which may have related to the employment of Employee, Employee's Agreement Not to Compete with Employer, or the payment of salary or other compensation by Employer to EmployeeEmployee (including, but not limited to, that certain agreement dated April 16, 1999, and upon this Agreement becoming effective, all such understandings, agreements and representations shall terminate and shall be of no further force or effect.

Termination of Existing Agreements. This Agreement, effective on the Closing Date and upon consumption consummation of the Transactions Transactions, supersedes and preempts any prior understandings, agreements or representations, written or oral, by or between Employee and Employer, which may have related to the employment of Employee, Employee's Agreement Not to Compete with Employer, or the payment of salary or other compensation by Employer to Employee, and upon this Agreement becoming effective, all such understandings, agreements and representations shall terminate and shall be of no further force or effect.

Termination of Existing Agreements. This Agreement, effective on the Closing Date and upon consumption as of the Transactions date hereof, supersedes and preempts any prior understandings, agreements or representations, written or oral, by or between Employee and Employer, including but not limited to the Original Agreement, which may have related to the employment of Employee, Employee's Agreement Not to Compete with Employer, or the payment of salary or other compensation by Employer to Employee, and upon this Agreement becoming effective, all such understandings, agreements and representations shall terminate and shall be of no further force or effect.