Upon an Involuntary Termination of the. employment relationship by either Employer or Employee prior to expiration of the Term, Employee shall be entitled, in consideration of Employee's continuing obligations hereunder after such termination, to receive the compensation specified in Section 2.l as if Employee's employment (which shall cease as of the date of such Involuntary Termination) had continued for the full Term of this Agreement. Furthermore, Employee shall be entitled to other payments generally available to other departing employees of Greif (such as unused personal vacation, bonus and other similar items). Employee may, but shall have no duty or obligation to, seek or accept other employment following Involuntary Termination, and if Employee accepts employment, the amounts due Employee hereunder shall be offset and reduced by the amount of compensation received by Employee for services rendered during the remainder of the Term from Employee's subsequent employer(s). Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer or its affiliates, and Employer's sole and exclusive liability to Employee under this Agreement for any Involuntary Termination of the employment relationship. Employee covenants not to sux xr lodge any claim, demand or cause of action against Employer for any sums for Involuntary Termination other than those sums specified in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.
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Upon an Involuntary Termination of the. employment relationship by either Employer or Employee prior to the expiration of the Term, Employee shall be entitled, in consideration of Employee's continuing obligations hereunder after such terminationtermination (including, without limitation, Employee's non-competition obligations), to receive the compensation specified in Section 2.l 2.1, as well as unpaid Bonuses described on Exhibit "A", as if Employee's employment (which shall cease as of on the date of such Involuntary Termination) had continued for the full Term of this Agreement. FurthermoreUpon an Involuntary Termination, Employee shall also be entitled to all vested benefits and rights under other payments generally available Enron benefits, incentive, and/or compensation plans to which Employee may be entitled through his termination and pursuant to plan documents and all other departing employees benefits that Employee may be entitled to under any other compensation plans. In the event of Greif (such as unused personal vacationInvoluntary Termination, bonus the compensation specified in Section 2.1 that will be paid to Employee will be paid on a semi-monthly basis; the unpaid Bonuses described in Exhibit "A" will be paid annually and other similar items)the amounts under the compensation plans will be paid in accordance with the terms and provisions of the respective compensation plans. Employee may, but shall have no not be under any duty or obligation to, to seek or accept other employment following Involuntary Termination, Termination and if Employee accepts employment, the amounts due Employee hereunder shall not be offset and reduced by the amount of compensation received by or suspended if Employee for services rendered during the remainder of the Term from Employee's accepts subsequent employer(s)employment. Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer Employer, Enron, or its their affiliates, and Employer's sole and exclusive liability to Employee under this Agreement Agreement, in contract, tort, or otherwise, for any Involuntary Termination of the employment relationship. Employee covenants not to sux xr sue xx lodge any claim, demand or cause of action against Employer for any sums for Involuntary Termination other than those sums specified in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.
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Upon an Involuntary Termination of the. employment relationship by either Employer or Employee prior to expiration of the Term, Employee shall be entitled, in consideration of Employee's continuing obligations hereunder after such terminationtermination (including, without limitation, Employee's non-competition obligations), to receive the compensation specified in Section 2.l Base Salary as if Employee's employment employ ment (which shall cease as of on the date of such Involuntary Termination) had continued for the full Term of this Agreement. Furthermore, and Employee shall be entitled continue to other payments generally available to other departing employees of Greif (such as unused personal vacation, bonus have his rights under the Stockholders Agreement in accordance with the terms and other similar items)provisions thereof. Employee may, but shall have no not be under any duty or obligation to, to seek or accept other employment following Involuntary Termination, Termination and if Employee accepts employment, the amounts due Employee hereunder shall not be offset and reduced by the amount of compensation received by or suspended if Employee for services rendered during the remainder of the Term from Employee's accepts subsequent employer(s)employment. Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer or its affiliates, and Employer's sole and exclusive liability to Employee under this Agreement Agreement, in contract, tort, or otherwise, for any Involuntary Termination of the employment relationship. Employee covenants not to sux xr xxx or lodge any claim, demand or cause of action against Employer for any sums for Involuntary Termination other than those sums specified in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.
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Upon an Involuntary Termination of the. employment relationship by either Employer or Employee prior to expiration of the Term, Employee shall be entitled, in consideration of Employee's continuing obligations hereunder after such terminationtermination (including, without limitation, Employee's non-competition obligations), to receive the compensation specified in Section 2.l 2.1, as well as the unpaid Retention Bonuses described on Exhibit "A," as if Employee's employment (which shall cease as of on the date of such Involuntary Termination) had continued for the full Term of this Agreement. FurthermoreUpon an Involuntary Termination, Employee shall also will be entitled to all vested benefits and rights under other payments generally available Enron benefits, incentive, and/or compensation plans to other departing employees which Employee may be entitled through her termination and pursuant to plan documents. In the event of Greif (such as unused personal vacationInvoluntary Termination, bonus and other similar items). the compensation specified in Section 2.1 that will be paid to Employee may, but will be paid on a semi-monthly basis; the unpaid Retention Bonuses described in Exhibit A will be paid on the dates noted on Exhibit A. Employee shall have no not be under any duty or obligation to, to seek or accept other employment following Involuntary Termination, Termination and if Employee accepts employment, the amounts due Employee hereunder shall not be offset and reduced by the amount of compensation received by or suspended if Employee for services rendered during the remainder of the Term from Employee's accepts subsequent employer(s)employment. Employee's rights under this Section 3.5 are Employee's sole and exclusive rights against Employer Employer, Enron, or its their affiliates, and Employer's sole and exclusive liability to Employee under this Agreement Agreement, in contract, tort, or otherwise, for any Involuntary Termination of the employment relationship. Employee covenants not to sux xr sue xx lodge any claim, demand or cause of action against Employer for any sums for Involuntary Termination other than those sums specified in this Section 3.5. If Employee breaches this covenant, Employer shall be entitled to recover from Employee all sums expended by Employer (including costs and attorneys fees) in connection with such suit, claim, demand or cause of action.
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