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. 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. 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. 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 A, Executive will be required to waive all rights to any severance otherwise payable under any applicable Western Union severance policy, if any. Failure of either party to make the February 2008 Termination Election terminates any right to Termination Payments A. 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. Xxxxxx waives any right to severance benefits under the Employment Agreement in connection with the termination of her employment as Chief Operating Officer and will only be entitled to payments, benefits, or compensation as provided herein.
Waiver of Severance. In consideration of the Company’s willingness to enter into this Agreement, the Employee hereby waives any and all severance benefits the Employee might be entitled to in connection with the termination of employment and/or the Employee’s resignation as an employee of the Company, whether contained in a policy, written agreement, or otherwise. Notwithstanding the foregoing, the Employee specifically retains any benefits made available to Officers of the Company under the Xxxxxxx River Corporate Officer Separation Plan (the “Separation Plan”) in the event the Company elects to involuntarily terminate the Employee’s employment for reasons other than cause prior to the Final Day of Employment.
Waiver of Severance. In consideration of the Company’s willingness to enter into this Agreement, the Employee hereby waives any and all severance benefits the Employee might be entitled to in connection with the termination of employment and the Employee’s resignation as an employee of the Company, whether contained in a policy, written agreement, or otherwise. The Employee specifically waives any benefits made available to Officers of the Company under the Xxxxxxx River Corporate Officer Separation Plan.
Waiver of Severance. The Consultant hereby agrees to release the Company and any and all of the Company’s predecessors, successors, assigns, subsidiaries, parents, branches, divisions, affiliates, related entities and present and former officers, directors, employees and agents (of either the Company or any and all of the Company’s predecessors, successors, assigns, subsidiaries, parents, branches, divisions, affiliates and related entities) (collectively, “Company Officials”), individually and in their official capacities, of and from all causes of action, claims, damages, judgments or agreements of any kind including, but not limited to, all matters arising out of the Consultant’s provision of services to the Company and the termination of certain obligations under the Consulting Agreement pursuant to the Agreement.