Termination of the Employment. (a) Assumptor agrees and understands that condition of employment or compensation may cause Assignor to be unable to perform further work for Assumptor due to the risks of the Injection being experimental and not an authorized drug or medicine for sale or use by the FDA or any other government body similar thereto and that should Assignor be unable to perform their duties contracted thereafter, Assumptor agrees to maintain compensation to Assignor as though they were a full time employee with full benefits and retirement or pension compensation as though they remained able to work for the longer of the: 1) duration of the contract or employment agreement; or 2) the maintenance of Assignors position or function within the Assumptor’s business; or 3) until Assignor reaches age 72.5 years of age; unless said Injection should cause, directly or indirectly, the premature death of Assignor in which case the minimum damages Assumptor confesses is the full compensation as afore stated to age 72.5 of the employee as compensatory damages, in addition to any other costs, damages, expenses or third party liabilities may arise. (b) The Assumptor shall fully cooperate with the Assignor to cover, pay, assume liability for or finalize any matters related hereto, including post-mortem activities with any executor, trustee or other person responsible for the creation, maintenance or disposition of the Assignor’s estate.
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Samples: Assumption of Liability Agreement, Assumption of Liability Agreement
Termination of the Employment. (a) Assumptor Xxxxxxxxx agrees and understands that condition of employment or compensation may cause Assignor to be unable to perform further work for Assumptor due to the risks of the Injection being experimental and not an authorized drug or medicine for sale or use by the FDA or any other government body similar thereto and that should Assignor be unable to perform their duties contracted thereafter, Assumptor Xxxxxxxxx agrees to maintain compensation to Assignor as though they were a full time employee with full benefits and retirement or pension compensation as though they remained able to work for the longer of the: 1) duration of the contract or employment agreement; or 2) the maintenance of Assignors position or function within the Assumptor’s business; or 3) until Assignor reaches age 72.5 years of age; unless said Injection should cause, directly or indirectly, the premature death of Assignor in which case the minimum damages Assumptor confesses is the full compensation as afore stated to age 72.5 of the employee as compensatory damages, in addition to any other costs, damages, expenses or third party liabilities may arise.
(b) The Assumptor shall fully cooperate with the Assignor to cover, pay, assume liability for or finalize any matters related hereto, including post-mortem activities with any executor, trustee or other person responsible for the creation, maintenance or disposition of the Assignor’s estate.
Appears in 1 contract
Samples: Assumption of Liability Agreement