Common use of Character of Termination Payments Clause in Contracts

Character of Termination Payments. The amounts payable to the Executive upon any termination of this Agreement shall be considered severance pay in consideration of past services rendered on behalf of the Employer and his continued service from the Effective Date to the date he becomes entitled to such payments.

Appears in 2 contracts

Samples: Employment Agreement (Redwood Green Corp.), Employment Agreement (Andina Gold Corp.)

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Character of Termination Payments. The amounts payable to the Executive upon any termination of this Agreement his employment shall be considered severance pay in consideration of past services rendered on behalf of the Employer Company and his continued service from the Effective Date date hereof to the date he becomes entitled to such payments.payments and shall be the sole amount of severance pay to which Executive is entitled from the Company and its affiliates upon termination of his

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

Character of Termination Payments. The amounts payable to the Executive upon any termination of this Agreement shall be considered severance pay in consideration of past services rendered on behalf of the Employer and his continued service from the Effective Date date hereof to the date he becomes entitled to such payments.

Appears in 1 contract

Samples: Employment Agreement (CannLabs, Inc.)

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Character of Termination Payments. The amounts payable to the Executive upon any termination of this Agreement shall be considered severance pay in consideration of past services rendered on behalf of the Employer Company and his continued service from the Effective Date date hereof to the date he becomes entitled to such payments.. Executive shall have no duty to mitigate his damages by seeking

Appears in 1 contract

Samples: Employment Agreement (Conseco Inc)

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