Common use of Effect of Material Default Clause in Contracts

Effect of Material Default. The Executive shall not be bound by the provisions of Section IX in the event of the material default by the Company in its obligations under this Agreement which are to be performed upon or after termination of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Pharmerica Inc), Employment Agreement (Pharmerica Inc)

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Effect of Material Default. The Executive shall not be bound by the provisions of Section IX in the event of the material default a breach by the Company in its of any material obligations under this Agreement which are that is to be performed upon or after termination of Executive's employment with the Company or if Executive's employment under this AgreementAgreement is terminated by the Company Without Cause or by Executive for Good Reason (other than pursuant to section XI).

Appears in 2 contracts

Samples: Employment Agreement (Phycor Inc /Tn/), Employment Agreement (Pharmerica Inc)

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