Examples of Restrictive Covenants Agreements in a sentence
As a condition to participating in the Plan, each Covered Executive shall continue to comply with the terms and conditions contained in the Restrictive Covenants Agreements or similar agreement entered into between the Covered Executive and the Company and such other agreement(s) as designated in the applicable Participation Agreement.
The terms of the Restrictive Covenants Agreements continue to remain in full force and effect.
Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Section 8 of this Agreement or the Restrictive Covenants Agreements (as defined below), all payments under this Section 5(b) shall immediately cease.
The Executive hereby reaffirms the terms of both Restrictive Covenants Agreements, as modified herein, as material terms of this Agreement and agrees and acknowledges that such terms are incorporated by reference in this Agreement.
In addition, in the event the Executive breaches either of the Restrictive Covenants Agreements during a period when he is receiving severance payments pursuant to Section 6 or 7, the Company shall have the right to suspend or terminate such severance payments.