Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of this Section 6 upon termination of the Executive's employment shall be in complete satisfaction of any and all payments that would otherwise be due the Executive had he remained employed by the Company during the remainder of the Employment Term and the Company shall have no further obligation to make any payment or extend any benefit to the Executive pursuant to this Agreement or otherwise upon or after such termination. Except as specifically provided in this Section 6, the Executive shall not be entitled to any compensation, severance or other benefits from the Company or any of its subsidiaries or affiliates upon the termination of this Agreement for any reason whatsoever. Acceptance by the Executive of performance by the Company shall constitute full settlement of any claims that the Executive might otherwise assert against the Company, its affiliates or any of their respective equityholders, partners, directors, officers, employees or agents relating to such termination. The Executive shall not be entitled to any severance or other payments upon termination of employment except pursuant to this Agreement.
Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of this Section 7 upon termination of the Executive’s employment shall be in complete satisfaction of any and all payments that would otherwise be due the Executive had he remained employed by the Company during the remainder of the Employment Term and the Company shall have no further obligation to make any payment or extend any benefit to the Executive pursuant to this Agreement or otherwise upon or after such termination. Except as specifically provided in this Section 7, the Executive shall not be entitled to any compensation, severance or other benefits from the Company or any of its subsidiaries or Affiliates upon the termination of this Agreement for any reason whatsoever. The Executive shall not be entitled to any severance or other payments upon termination of employment except pursuant to this Agreement.
Complete Payment. Upon the payment of the amounts provided in this Agreement, the Corporation shall have no further liability of any kind or nature whatsoever to the Executive under this Agreement, except such liability, if any, as may continue under any plan or for the benefits (in accordance with the express terms hereof) referred to in Section 4 hereof. Notwithstanding the foregoing, Executive expressly reserves any rights he may have at law, equity or otherwise in the event that his employment by the Corporation is terminated in contravention of this Agreement.
Complete Payment. Except as provided under the applicable provisions of Section 2 and/or Section 3, the Employee shall not be entitled to receive any other payments or benefits from the Company or an Affiliated Company due to the termination of the Employee’s employment, including, but not limited to, any employee benefits under any of the Company’s employee benefits plans or arrangements (other than at the Employee’s expense under COBRA or pursuant to the written terms of any pension benefit or non-qualified plan in which the Employee is a participant in which the Company may have in effect from time to time) or any severance benefits.
Complete Payment. The Executive agrees to accept the payments to be made to him under this Agreement as full and complete compensation for the services required to be performed by him under this Agreement. Upon the payment of the amounts provided in this Agreement, the Corporation shall have no further liability of any kind or nature whatsoever to the Executive under this Agreement, except such liability, if any, as may continue under any plan or for the benefits (in accordance with the express terms hereof) referred to in Sections 1(c)(ii) and 2(c) hereof. Notwithstanding the foregoing, Executive expressly reserves any rights he may have at law, equity or otherwise in the event that his employment or his consulting engagement by the Corporation is terminated in contravention of this Agreement.
Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of this Section 6 upon termination of the Executive's employment shall be in complete satisfaction of any and all payments that would otherwise be due to the Executive had he remained employed by the Company during the remainder of the Employment Period and the Company shall have no further obligation to make any payment or extend any benefit to the Executive under Sections 4, 5 and 6 of this Agreement or otherwise upon or after such termination other than as provided in this Section 6.
Complete Payment. The payments and other benefits to be made or to be extended to the Executive under the provisions of Section 4 upon termination of the Executive’s employment shall be in complete satisfaction of any and all compensation, severance or other benefits that would otherwise be due the Executive upon such termination.
Complete Payment. It is further understood and agreed that, except for modifications to this Agreement made in accordance with the terms of this Agreement pursuant to Section 11, payment of the Maximum Price under this Section 6 shall constitute complete payment for the Contract Services performed and deliverables provided under this Agreement.
Complete Payment. Employee agrees that the payments and performances described in this Agreement and the Employment Agreement are all that Employee shall be entitled to receive from the Company except for vested qualified retirement benefits, if any, to which Employee may be entitled under the Company's ERISA plans. Except as required by law, the Company shall not be required to make any other payments of any kind to Employee upon termination or expiration of this Agreement and/or the Employment Agreement. Employee further agrees and acknowledges that Employee shall have no right or claim to any bonus payment from the Company including, but not limited to, any bonus under the Lumber Liquidators Holdings, Inc. Annual Bonus Plan for Executive Management or the Lumber Liquidators Holdings, Inc. Annual Bonus Plan for Non-Executive Management. Notwithstanding the termination, expiration or nonrenewal of this Agreement, the parties shall be required to carry out any provisions of this Agreement which contemplate performance by them after such termination, expiration or nonrenewal, expressly including Sections 4, 6, 8-9 and 12.
Complete Payment. Any amounts due under this section 6 are in the nature of severance payments or liquidated damages, or both, and not in the nature of a penalty, and these amounts will fully compensate Executive and his dependents or beneficiaries, as the case may be, for any and all direct and consequential damages that any of them may suffer as a result of lawful termination of Executive’s employment. In order to receive any of the severance payments, Executive will execute and agree to be bound by a release of claims. The Company will tender the release of claims to Executive within 15 days following the date of his termination of employment and, upon any failure of the Company to so tender the release within such time, Executive’s obligation to provide such release in order to receive the severance payments will cease to apply.
