Termination of Prior Employment Agreement. Effective as of 11:59 p.m. on the day immediately prior to the Effective Date, the Prior Employment Agreement shall automatically terminate and be of no further force and effect.
Termination of Prior Employment Agreement. This Agreement supercedes and terminates that certain prior employment agreement effective December 1, 2001, between the parties.
Termination of Prior Employment Agreement. Upon the execution of this Agreement, the Employment Agreement dated November 1, 1991 by and between the Company and the Executive is hereby terminated and of no further force and effect.
Termination of Prior Employment Agreement. Executive's Employment Agreements with Post, Post LP and Services entered into on July 22, 1993, will terminate on the Effective Date, but Executive's Noncompetition Agreement with Post, Post LP and Services, entered into as of July 22, 1993 (the "Noncompetition Agreement"), shall not be affected by this Agreement and shall continue in full force and effect.
Termination of Prior Employment Agreement. All prior employment agreements between Company and Employee are hereby terminated.
Termination of Prior Employment Agreement. It is the intention of the Parties and the Parties agree that Executive’s terms and conditions of employment shall be governed exclusively by this Agreement which shall supersede his Prior Employment Agreement. To the extent that Executive might have any valid right or claim to severance benefits or compensation under the terms of the Prior Employment Agreement, including, without limitation the incentive units that were granted to Executive under the Prior Employment Agreement, Executive is willingly waiving those rights in exchange for the consideration offered by SG in this Agreement.
Termination of Prior Employment Agreement. The Company and the Employee hereby agree that the terms and conditions contained in this Agreement are intended to replace the terms and conditions of the Prior Employment Agreement, and that the Prior Employment Agreement and all terms and conditions therein shall terminate upon the execution of this Agreement.
Termination of Prior Employment Agreement. Employer and Employee agree that the Prior Employment Agreement is hereby canceled, terminated, rescinded and superceded, that Employee has received all amounts due and owing under the Prior Employment Agreement and Employer has no obligations thereunder, and Employee hereby releases Employer from any and all claims, debts or obligations under the Prior Employment Agreement.
Termination of Prior Employment Agreement. That prior existing Employment Agreement dated December 31, 1994, between the parties hereto (the "Prior Agreement"), is hereby terminated and made null and void upon the effectiveness of this Agreement which shall supersede the Prior Agreement in all respects.
Termination of Prior Employment Agreement. Upon the Effective Date of this Agreement, it shall supersede and replace your Prior Employment Agreement, which shall be of no further force or effect. Notwithstanding the foregoing, within ten (10) business days of the Effective Date, the Company shall pay you the one-time special bonus of $500,000 as set forth in paragraph (b) of your Letter Appointment dated December 27, 2020.
