Common use of Termination of the Employment Agreement Clause in Contracts

Termination of the Employment Agreement. (a) The Parties hereby mutually terminate the Employment Agreement as amended and all of its provisions (notwithstanding anything contained in the Employment Agreement to the contrary) effective immediately, and from and after the date hereof the Employment Agreement as amended, including without limitation any non-compete provision, shall be null and void and have no further effect. (b) The Parties shall continue their employment relationship on an at-will basis, which means that either the Executive or Centerline may modify or terminate the employment relationship at any time, for any reason, with or without notice. (c) Executive acknowledges that, to date, he has not suffered any on-the-job injury or illness for which he has not already filed a claim, and that he does not know of any unlawful or inappropriate conduct at Centerline, whether involving its business conduct or policies or with respect to its employment policies, actions or decisions, that he has not already reported to Centerline.