Common use of Commencing Another Position Clause in Contracts

Commencing Another Position. If Executive obtains employment with the Company or its subsidiaries or Affiliates after the date this Agreement is executed and prior to the end of the Payment Period ("Subsequent Company Employment"), any and all further payments or benefits under the Agreement immediately will cease as of the date of such employment. In the event of Subsequent Company Employment, Executive specifically agrees that the offer of employment to Executive by the Company or its subsidiaries or Affiliates, and Executive's acceptance thereof, is sufficient consideration to support the release of claims contained herein, including but not limited to the ADEA Released Claims, notwithstanding the fact that payments and benefits hereunder have ceased. If Executive obtains employment during the Payment Period with an entity other than the Company, Western Union, and/or their subsidiaries or Affiliates ("Subsequent Non-Company Employment"), Executive will, subject to the provisions of this Agreement, including without limitation the paragraphs in this Agreement titled "Non-Solicitation and Non-Disclosure" and "Consideration and Remedies," continue to be eligible to receive cash payments and benefits in accordance with paragraph 1 of this Agreement. In any event, it is Executive's obligation to advise the Company of Subsequent Non-Company Employment within five (5) business days of Executive's acceptance of a job offer.

Commencing Another Position. If Executive obtains employment with the Company or its subsidiaries or Affiliates after the date this Agreement is executed and prior to the end of the Payment Severance Period ("“Subsequent Company Employment"”), any and all further payments or benefits under the Agreement immediately will cease as of the date of such employment. In the event of Subsequent Company Employment, Executive specifically agrees that the offer of employment to Executive by the Company or its subsidiaries or Affiliates, and Executive's ’s acceptance thereof, is sufficient consideration to support the release of claims contained herein, including but not limited to the ADEA Released Claims, notwithstanding the fact that payments and benefits hereunder have ceased. If Executive obtains employment during the Payment Severance Period with an entity other than the Company, Western Union, and/or their subsidiaries or Affiliates ("“Subsequent Non-Company Employment"”), Executive will, subject to the provisions of this Agreement, including without limitation the paragraphs in this Agreement titled "“Non-Solicitation and Non-Disclosure" ” and "“Consideration and Remedies," ” continue to be eligible to receive cash payments and benefits in accordance with paragraph 1 of this Agreement. In any event, it is Executive's obligation to advise the Company of Subsequent Non-Company Employment within five (5) business days of Executive's ’s acceptance of a job offer.