Cessation of Payments and Benefits Sample Clauses

Cessation of Payments and Benefits. Notwithstanding any other provision of this Agreement to the contrary, the obligation of the Company to pay or provide the Severance Benefits and the benefits under §§ 7(A)(4) and (5) that are otherwise payable or to be provided following termination of Employee’s employment with the Company shall automatically and immediately terminate upon a breach by Employee of this Agreement, including without limitation a breach of Employee’s obligations under § 5, other than an immaterial and inadvertent breach that is discontinued and/or remedied (to the extent subject to cure) by Employee promptly.
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Cessation of Payments and Benefits. Notwithstanding any other provision of this Agreement to the contrary, the obligation of the Company to pay or provide the benefits under Sections 3(a) and 3(b) shall automatically and immediately terminate upon a breach by Executive of this Agreement, including without limitation a breach of Executive’s obligations under Section 5, other than an immaterial and inadvertent breach of any provision other than those set forth in Section 5 that is discontinued and/or remedied (to the extent subject to cure) by Executive promptly to the Company’s satisfaction.
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Cessation of Payments and Benefits. In the event that you (i) file any charge, claim, demand, action or arbitration with regard to your employment, compensation or termination of employment under any federal, state or local law, or an arbitration under any industry regulatory entity, except in either case for a claim for breach of this Agreement or failure to honor the obligations set forth herein, or (ii) breach any of the covenants contained in this Agreement, the Company shall be entitled to cease making any payments or providing any benefits due hereunder.
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Cessation of Payments and Benefits. If the Company determines in its reasonable discretion that: (1) I have breached any of the provisions and obligations contained in paragraph 20 of this Release; or (2) I am working full-time as an employee or have entered into another arrangement with a similar outcome with, Arkadin S.A.S., Arkadin, Inc., Conference Plus, Inc. or an affiliated company, then all payments and benefits still owing under this Release shall immediately cease. I may provide consulting services to such companies for a period of 3 months following the date I signed the December 2011 Release without it being a violation of this Release. Thereafter, I may only provide consulting services to such companies with Westell’s consent, which consent shall not be unreasonably withheld. In the event I do not receive such consent, all payments and benefits still owing under this Release shall immediately cease.
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Cessation of Payments and Benefits. If for any reason other than death, Employee shall, without written consent of the Company, fail to comply with the provisions of Section 9, 10 or 11, his rights to any future payments or other benefits hereunder shall terminate, and the Company’s obligations to make such payments and provide such benefits shall cease, but the cessation of such payments and benefits shall not limit the Company’s right to seek damages from Employee in relation to such breach.
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Cessation of Payments and Benefits. If, during the Restricted Period, JJM breaches, in any material respect, any of his obligations under Sections 2 through 4 above, as reasonably determined by a vote of seventy-five percent (75%) of the directors of the Board of Directors, the Corporation shall have the right, upon written notice to JJM with an explanation of the reasons for its actions, to cease or suspend further payments or to provide any further benefits described in Sections 6 and 7 hereof and/or suspend and forfeit payments under the Royal Bank America Supplemental Retirement Plan for the remainder of the Consulting Period.
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Cessation of Payments and Benefits. Executive acknowledges that the consideration set forth in this Agreement is not otherwise due to him, and that the Company is providing such consideration to Executive in exchange for Executive's agreements and promises set forth in this Agreement. If Executive (a) materially breaches any provision of this Agreement, including, but not limited to, the provisions of the Employment Agreement incorporated herein by reference pursuant to Section 5(a), and such breach has not been cured (if curable) within the time periods proscribed under Section 2(f) and results in material injury to the Company, as determined by final judgment of a court of competent jurisdiction or (b) fails to materially comply with the cooperation provisions set forth in Section 7 of this Agreement, then (c) the Company will not be obligated to provide such payments or benefits to the extent that any portion thereof have yet to be paid or provided.
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Cessation of Payments and Benefits. If the Company's BOD in good faith determines that the Executive breached in any material respect his obligations under this Agreement or the Nondisclosure Agreement, the Company may immediately cease payment of all payments and/or benefits described in this Agreement. This cessation of payments and/or benefits shall be in addition to, and not as an alternative to, any other remedies in law or in equity available to the Company, including the right to seek specific performance or an injunction.
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Related to Cessation of Payments and Benefits

  • Taxation of Payments and Benefits The Employer shall undertake to make deductions, withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that it reasonably and in good faith believes that it is required to make such deductions, withholdings and tax reports. Payments under this Agreement shall be in amounts net of any such deductions or withholdings. Nothing in this Agreement shall be construed to require the Employer to make any payments to compensate the Executive for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit.

  • Other Payments and Benefits On any termination of employment, including, without limitation, termination due to the Employee’s death or Disability (as defined in Section 10) or for Cause, the Employee shall receive any accrued but unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in accordance with the terms and provisions of any agreements, plans or programs of the Company (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits).

  • Payments and Benefits Subject to the terms and conditions of this Agreement, if the Executive’s employment is terminated during the Term of this Agreement and before a Change in Control (A) by the Company for a reason other than for Cause or (B) by the Executive for Good Reason, the Executive shall be entitled to:

  • Severance Payments and Benefits For purposes of this Agreement, the term "Severance Payments and Benefits" shall mean:

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Cessation of Payments The right to cease all severance payments to Executive hereunder.

  • Separation Payments and Benefits Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s timely execution and non-revocation hereof and Executive’s compliance with Executive’s obligations pursuant to this Agreement and the Surviving Provisions, to provide Executive the severance payments and benefits set forth below:

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Additional Payments and Benefits The Executive shall also be entitled to:

  • Payment and Benefits Upon the effectiveness of the terms set forth herein, the Company shall provide the Employee with all of the applicable payments and benefits set forth in the Employment Agreement between the Company and the Employee, dated as of , (as amended from time to time, the “Employment Agreement”).

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