Termination of Prior Agreements; Unemployment Compensation Sample Clauses

Termination of Prior Agreements; Unemployment Compensation. Except as set forth in Section 2(d), this Agreement supersedes all prior understandings and agreements between the Parties (written or otherwise). Mr. Xxxxx xxknowledges that he is not entitled to any severance or termination payments whatsoever in connection with the termination of his employment with the Company, except as otherwise provided in Section 2. Mr. Xxxxx xxxees that his resignation is voluntary, that he is not entitled to unemployment compensation and that he will not seek or obtain unemployment compensation based upon his termination of employment with the Company.
Sample 1
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Termination of Prior Agreements; Unemployment Compensation. This Agreement supersedes all prior understandings and agreements between the Parties (written or otherwise) except for (i) the Change in Control Severance Agreement between you and the Company dated December 18, 1995 which shall remain in effect in accordance with its terms until the end of the Period, as defined in that Agreement, (ii) the Split Dollar Agreement Collateral Assignment Form, dated December 20, 1988, between the Company and the XxXxxx X. Xxxxxxxxx Trust, and (iii) your right to indemnification in accordance with Article VI of the Company's Bylaws. Xx. Xxxxxxxxx acknowledges that he is not entitled to any severance or termination payments whatsoever in connection with the termination of his employment with the Company, except as otherwise provided in Section 2. Xx. Xxxxxxxxx agrees that his resignation is voluntary, that he is not entitled to unemployment compensation and that he will not seek or obtain unemployment compensation based upon his termination of employment with the Company or its subsidiaries.
Sample 1
Termination of Prior Agreements; Unemployment Compensation. Except as set forth in Section 7(b), this Agreement supersedes all prior understandings and agreements between the Parties (written or otherwise). Mr. Vanella acknowledges that he is not entitled to any payments whaxxxxxxx xx connection with the termination of his employment with Tarpon, EWCO or BST, except as otherwise provided in Sections 2 and 3. Mr. Vanella agrees that his resignation is voluntary, that he is not xxxxxxxx xo unemployment compensation and that he will not seek or obtain unemployment compensation based upon his termination of employment with Tarpon, EWCO and BST. Notwithstanding the foregoing, in the event that Mr. Vanella receives unemployment compensation based on his terminatxxx xx xxxxoyment with Tarpon, EWCO or BST, the Termination Payments referenced in Section 2 shall be reduced by the amount of such unemployment compensation received by Mr. Vanella.
Sample 1

Related to Termination of Prior Agreements; Unemployment Compensation

  • Termination of Prior Agreements The execution of this Agreement shall be deemed to constitute the termination as of the Effective Date of any and all prior agreements between an Acquiring Fund and an Acquired Fund that relates to the investment by any Acquiring Fund in any Acquired Fund in reliance on a participation agreement, exemptive order or other arrangement among the parties intended to achieve compliance with Section 12(d)(1) of the 1940 Act (the “Prior Section 12 Agreements”). The parties hereby waive any notice provisions, conditions to termination, or matters otherwise required to terminate such Prior Section 12 Agreements.

  • Termination of Prior Agreement Upon the effectiveness of this Agreement, the Prior Agreement shall terminate and be of no further force and effect, and shall be superseded and replaced in its entirety by this Agreement.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • Termination of Agreements (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, SpinCo and each member of the SpinCo Group, on the one hand, and Parent and each member of the Parent Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among SpinCo and/or any member of the SpinCo Group, on the one hand, and Parent and/or any member of the Parent Group, on the other hand, effective as of the Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing.

  • Compensation; Employment Agreements 16 5.15 Noncompetition, Confidentiality and Nonsolicitation Agreements; Employee Policies...... 16 5.16

  • Unemployment Compensation The Company will not contest the decision of the appropriate regulatory commission regarding unemployment compensation that may be due to the Executive.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • Effect of Termination on Compensation In the event this Agreement is terminated prior to the completion of the Employment Period or any period of renewal, Employee shall be entitled to the compensation earned by him prior to the date of termination as provided for in this Agreement computed pro rata up to and including that date. Employee shall be entitled to no further compensation as of the date of termination.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

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