Employment Agreement definition
Examples of Employment Agreement in a sentence
The Executive Covenants are incorporated by reference into this Agreement mutandis mutatis and shall remain in effect in accordance with their terms; provided that in the event that Executive’s employment hereunder is terminated due to a Qualifying Termination then the restrictive covenant set forth in Section 2(b) (Non-Competition) of the Employment Agreement shall lapse on the date of such Qualifying Termination.
Executive agrees that the payments and benefits contemplated by Section 5 of this Agreement shall be in full satisfaction of any rights and benefits due to Executive upon a Qualifying Termination, including, without limitation, any rights and benefits under the Employment Agreement.
Effective as of the date of this Agreement, except as provided in Sections 2(c)(ii) and 6 of this Agreement, the Employment Agreement is terminated; provided, however, this Agreement is not intended to extinguish the second paragraph of Section 8 and the first sentence of Section 9 of the Employment Agreement to the extent required to survive following the Employment Termination Date to carry out the intentions of the parties with respect to the Executive Covenants.
Section 3A(c) of the Employment Agreement will remain in effect during the Transition Period.
Notwithstanding the preceding, if you are a party to any Employment Agreement which defines one or more of the terms below, the definition in that agreement shall be incorporated into this Agreement and apply.