Common use of Cease Payments Clause in Contracts

Cease Payments. In the event that the Executive materially breaches any of Section 7(a), 7(b) or 7(c), the Company’s obligation to make or provide payments or benefits under Section 4 or 6 shall cease; provided, however, this will not in any way preclude the Company from seeking specific performance of this Agreement by a temporary restraining order, injunctive relief or for any other damages at law or in equity to which the Company may be entitled.

Appears in 6 contracts

Samples: Employment Agreement (Southern Union Co), Employment Agreement (Southern Union Co), Employment Agreement (Southern Union Co)

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Cease Payments. In the event that the Executive materially breaches any of Section 7(a), 7(b) or 7(c), the Company’s obligation to make or provide payments or benefits under Section 4 or 6 shall cease; , provided, however, that this will not Section 7(g) shall cease to apply after a Change in any way preclude Control (as defined in the Company from seeking specific performance of this Agreement by a temporary restraining order, injunctive relief or for any other damages at law or in equity to which the Company may be entitledSIP).

Appears in 4 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

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Cease Payments. In the event that the Executive materially breaches any of Section 7(a), 7(b) or 7(c), the Company’s obligation to make or provide payments or benefits under Section 4 or 6 shall cease; , provided, however, that this will not Section 7(g) shall cease to apply after a Change in any way preclude the Company from seeking specific performance of this Agreement by a temporary restraining order, injunctive relief or for any other damages at law or in equity to which the Company may be entitledControl .

Appears in 1 contract

Samples: Employment Agreement (Morgans Hotel Group Co.)

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