Common use of Executive Acknowledgments Clause in Contracts

Executive Acknowledgments. a. Executive acknowledges and understands that the restrictive covenants and nondisclosure provisions of the Employment Agreement, and all provisions related thereto, remain in full force and effect in accordance with the terms of the Employment Agreement. b. Executive acknowledges, understands, and agrees that Bank has made no representation as to the nature or extent of tax treatment of the Retention Payment.

Appears in 3 contracts

Sources: Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp)

Executive Acknowledgments. a. Executive acknowledges and understands that the restrictive covenants and nondisclosure provisions of the Employment Agreement, and all provisions related thereto, remain in full force and effect in accordance with the terms of the Employment Agreement. b. Executive acknowledges, understands, and agrees that Bank Employer has made no representation as to the nature or extent of tax treatment of the Retention Payment.

Appears in 2 contracts

Sources: Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp)