Common use of Conditional Nature of Severance Payments Clause in Contracts

Conditional Nature of Severance Payments. The parties agree that the following sections of Executive's Employment Agreement with the Company, dated as of the Effective Date, or as such sections may be amended from time to time, shall be incorporated herein and shall be deemed to be operative provisions of this Agreement notwithstanding any future termination of such Employment Agreement: (i) Section 9, Nondisclosure of Trade Secrets and Confidential Information, (ii) Section 10, Nonrecruitment, Nonsolicitation and Noncompetition Covenaxxx, (xxx) Xxxxxxx 00, Xxxxxxxxx xx Xxxxxxxxx Xxxxx, (xx) Xxxxxxx 00, Xxxxxx xx Materials and Return of Materials, (v) Section 13, Inventions, Discoveries and Improvements, and (vi) Section 14, Works Made for Hire.

Appears in 3 contracts

Samples: Control Severance Agreement (Indus International Inc), Control Severance Agreement (Indus International Inc), Control Severance Agreement (Indus International Inc)

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