Termination of Prior Employment Agreements. All prior employment agreements between Executive and Company and/or any of its affiliates (and any of their predecessors) are hereby terminated as of the date hereof as fully performed on both sides.
Termination of Prior Employment Agreements. Entire -------------------------------------------------- Agreement. This Agreement supersedes any other agreements, oral or written, --------- between the parties with respect to the subject matter hereof, and contains all of the agreements and understandings between the parties with respect to the employment of Executive by the Company. Any waiver or modification of any term of this Agreement shall be effective only if it is set forth in a writing signed by both parties hereto.
Termination of Prior Employment Agreements. Executive shall have no further rights pursuant to any prior agreement with the Company or any of its affiliates governing the terms of Executive’s employment by any of them, except to the extent necessary to effect the payments contemplated by Section II.B.
Termination of Prior Employment Agreements. All prior employment agreements between the Executive and the Company or any of its subsidiaries or affiliates, including, but not limited to, the Employment Agreement dated April 15, 1997 by and between the Executive and Nextera Enterprises, LLC, and all amendments and renewals thereof, are superseded by this Agreement and are terminated and are null and void, except that the Executive shall be entitled to any accrued and unpaid salary, bonus or benefits under his prior employment agreement through the Effective Date. INTENDING TO BE LEGALLY BOUND by this Agreement and IN WITNESS THEREOF, the undersigned parties have executed this Agreement as of this 24th day of October, 2000. NEXTERA ENTERPRISES, INC. By: /s/ Vincxxx X. Xxxxx ------------------------- Its: Chief Operating Officer ------------------------ Michxxx X. Xxxxxxxxx State of Residence: Massachusetts /s/ Michxxx X. Xxxxxxxxx -----------------------------
Termination of Prior Employment Agreements. The Prior Employment Agreements among TechStar (former BTS Acquisition Corp.) and each of Messrs. Xxxxxx, Xxxxxxx and Moskona shall have been terminated and superseded in all respects by the TechStar Employment Agreements.
Termination of Prior Employment Agreements. In exchange for the payments and other consideration paid to Executive pursuant to this Agreement and the Merger Agreement, to which you would not otherwise be entitled, the Company and you agree that your Employment Agreement, dated February 1, 2009, as amended from time to time (the “Employment Agreement”), along with any other prior employment agreements or contracts between Executive and the Company entered prior to the date of the Merger Agreement, is hereby terminated and is of no further force or effect; provided, however, your continuing obligations under Sections 7, 8, and 9 of the Employment Agreement not to use or disclose any confidential or proprietary information of the Company and to refrain from certain solicitation and competitive activities will continue after the Effective Date (as defined below).
Termination of Prior Employment Agreements. Bank and Employee agree that as of the Effective Date, all prior employment agreements between Employee and Bank (and/or any parent company, stockholder, subsidiary, division or affiliate thereof, including California Community Bancshares, Inc.) are hereby canceled, terminated, rescinded and superceded.
Termination of Prior Employment Agreements. The Sellers shall ------------------------------------------ have terminated any prior employment agreement between the Company and Xxxxxx.
Termination of Prior Employment Agreements. The rights of Employee under the Prior Employment Agreement (other than with respect to Deferred Amounts) were substantially terminated pursuant to Section 1 of the June 2009 Agreement. Effective as of the Execution Date, the Prior Employment Agreement (including the June 2009 Agreement and any rights of Employee under the Prior Employment Agreement not previously terminated) (other than Employee’s right to payment of the Deferred Amounts, as set forth in Section 2(a) and 12 below and Exhibit B) is hereby terminated in all respects and shall be null and void and have no further force or effect and all rights and interests of the parties thereunder are hereby terminated and the rights and interests of the Employee in all payments, Profit Participation, interests in any partnership, limited liability company or other entity contemplated in the Prior Employment Agreement or relating thereto, are hereby extinguished in all respects.
Termination of Prior Employment Agreements. Bank and Employee agree that as of the Effective Date, all prior employment agreements between Employee and Bank (and/or any parent company, shareholder, subsidiary, division or affiliate thereof, including California Community Bancshares, Inc.) including but not limited to the February 29, 2000 Employment Agreement between Employee and Sacramento Commercial Bank, are hereby canceled, terminated, rescinded and superceded. It is expressly agreed by the Parties hereto that California Community Bancshares, Inc. is a third party beneficiary of this Agreement, and is released from any obligations under any prior employment agreements with Employee.
