Waiver of Severance. If Executive is terminated by the Company without Cause or Executive terminates his employment without Good Reason (including, in both instances, termination following a Change of Control), Executive is entitled to waive his right to receive severance compensation set forth in Section 7(e) and 8(b) (by a written waiver delivered to the Company on the effective date of termination) and, in such case, the non-competition provisions of Section 9 shall not apply.
Waiver of Severance. If the Executive’s employment terminates pursuant to Section 5(d) and the Executive chooses to waive his right to severance as provided for under those Sections, this Covenant Not to Compete shall not take effect.
Waiver of Severance. Each executive officer and employee of Giga listed on Schedule 3.23 shall have waived any right to, or modified any agreement providing for severance, to eliminate the right to payments of any severance arising solely as a result of a change in position or responsibilities during the 12 months immediately following the change of control of Giga at the Closing as contemplated by this Agreement.
Waiver of Severance. Unless otherwise agreed in writing by the parties, the Executive agrees that the payments under this Agreement are in lieu of, and the Executive hereby waives the right to receive, any other severance payments or benefits to which Executive is otherwise eligible to receive upon a termination of employment now or in the future under any severance plan, practice or program of the Company or under any agreement between the Company and the Executive.
Waiver of Severance. As an inducement for the Company entering into this Agreement, in the event Consultant’s employment with the Company is terminated for any reason, Consultant hereby waives any right to any severance compensation owed to Consultant by the Company under any contractual obligation or otherwise. For the avoidance of doubt, with the exception of accrued but unpaid salary, in no event shall any amount be payable pursuant to the Executive Employment Agreement whether in connection with the execution of this Agreement or any subsequent termination of this Agreement.
Waiver of Severance. To receive the Termination Payments B, Executive will be required to waive all rights to any severance otherwise payable under any applicable Western Union severance policy, if any. Failure of Executive to give a Good Reason Notice or receive a No Cause Termination Notice by the end of February 2008 terminates any right to Termination Payments B. Except as provided in this Agreement, at all subsequent times during the Employment Period and thereafter if applicable, Executive will be subject to the terms of the applicable Western Union severance policy, if any, and its terms will supersede the severance provisions of this Agreement.
Waiver of Severance. Prior to the Effective Date, Xx. Xxxxxx Xxxxxxxxxx and any other continuing officer of Trillium if applicable, shall have entered into an new employment agreement with Stem Cell on substantially the same terms as his existing Trillium employment contract. Any change of control, severance, termination or unemployment compensation, payable by Trillium pursuant to the existing Trillium employment, including Dr. Stiernholm’s Trillium employment contract, shall have been waived prior to the Effective Date in respect of the Transaction, other than as required by applicable Laws for employees without agreements as to notice or severance
Waiver of Severance. In consideration for the Company and the Parent entering into this Agreement, the Executive acknowledges and agrees that he shall not be entitled to any severance payments or benefits from the Company or Parent upon his termination of employment with the Company or Parent for any reason after the closing of the transactions contemplated by the Merger Agreement, whether pursuant to Section 3 of the Change in Control Agreement, Section 9 of the Employment Agreement or otherwise.
Waiver of Severance. In consideration of the grant of Options hereunder and transfer of equipment as found herein, the parties agree to execute the attached Severance Agreement in substantially similar form provided that neither party shall be required to execute the Severance Agreement if either can document a claim that has arisen between the date of this Amended Agreement and June 30, 1998 and is not willing to waive same without additional consideration.
Waiver of Severance. Sunbelt waives any right to severance benefits under the Consulting Agreement in connection with the termination of the Consulting Agreement.
