Common use of The Executive's Covenants Clause in Contracts

The Executive's Covenants. Subject to the terms and conditions of this Agreement, in the event of a Potential Change in Control or an applicable takeover bid (as defined in the Ontario Securities Act) is made by a Person or Persons acting jointly and in concert in response of any securities of the Company prior to the first occurrence of a Change of Control, the Executive shall remain in the employ of the Company until the earliest of (i) a date which is six (6) months from the date of such Potential Change in Control or one hundred and twenty (120) days after the commencement of such takeover bid, (ii) the date, if applicable, that any such take over bid has been abandoned or ended, (iii) the date of a Change in Control, (iv) the date of termination by the Executive of the Executive's employment for Good Reason or by reason of death, Disability or Retirement, or (iv) the termination by the Company of the Executive's employment for any reason. Subject to the Executive having received, in full, from the Company all payments and benefits required hereunder and upon written request from the Company, the Executive agrees to sign a release of any claims he/she may have against the Company in connection with his/her employment and/or termination from employment with the Company in a form, mutually agreed upon, that is customary for such transactions. Notwithstanding any provision of this Agreement, Executive acknowledges that any obligations which the Executive has with the Company pursuant to a separate written agreement relating to confidentiality, non-competition, non-solicitation, and inventions shall continue to be governed by the terms of such separate agreement.

The Executive's Covenants. Subject to the terms and conditions of ------------------------- this Agreement, in the event of a Potential Change in Control or an applicable takeover bid (as defined in the Ontario Securities Act) is made by a Person or Persons acting jointly and in concert in response of any securities of the Company prior to the first occurrence of a Change of Control, the Executive shall remain in the employ of the Company until the earliest of (i) a date which is six (6) months from the date of such Potential Change in Control or one hundred and twenty (120) days after the commencement of such takeover bid, (ii) the date, if applicable, that any such take over bid has been abandoned or ended, (iii) the date of a Change in Control, (iv) the date of termination by the Executive of the Executive's employment for Good Reason or by reason of death, Disability or Retirement, or (iv) the termination by the Company of the Executive's employment for any reason. Subject to the Executive having received, in full, from the Company all payments and benefits required hereunder and upon written request from the Company, the Executive agrees to sign a release of any claims he/she may have against the Company in connection with his/her employment and/or termination from employment with the Company in a form, mutually agreed upon, that is customary for such transactions. Notwithstanding any provision of this Agreement, Executive acknowledges that any obligations which the Executive has with the Company pursuant to a separate written agreement relating to confidentiality, non-non- competition, non-solicitation, and inventions shall continue to be governed by the terms of such separate agreement.