Common use of Fair and Reasonable Clause in Contracts

Fair and Reasonable. The Executive acknowledges and agrees that the payments and/or benefits pursuant to this Article 5 will be in full satisfaction of all terms or requirements regarding termination of the Executive’s employment, including without limitation common law notice of termination or compensation in lieu of such notice and compensation for length of service and any other entitlement pursuant to the British Columbia Employment Standards Act as amended from time to time. Except as expressly provided in this Article 5, the Executive will not be entitled to any termination payments, damages, or compensation whatsoever, notwithstanding any changes in the terms and conditions of the Executive’s employment which may occur in the future, including any change in position, duties or compensation.

Appears in 8 contracts

Samples: Confidential (Lululemon Athletica Inc.), Confidential (Lululemon Athletica Inc.), Private & Confidential (Lululemon Athletica Inc.)

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Fair and Reasonable. The Executive acknowledges and agrees that the payments and/or benefits pursuant to this Article 5 will be in full satisfaction of all terms or requirements regarding termination of the Executive’s employment, including without limitation common law notice of termination or compensation in lieu of such notice and compensation for length of service and any other entitlement pursuant to the British Columbia Employment Standards Act as amended from time to time. Except as expressly provided in this Article 5, the Executive will not be entitled to any termination payments, damages, or compensation whatsoever, notwithstanding any changes in the terms and conditions of the Executive’s employment which may occur in the future, including any change in position, duties or compensation.

Appears in 2 contracts

Samples: Private and Confidential (Lululemon Athletica Inc.), Lululemon Athletica Inc.

Fair and Reasonable. The Executive acknowledges and agrees that the payments and/or benefits pursuant to this Article 5 will be are in full satisfaction of all terms or requirements regarding termination of the Executive’s employment, including without limitation common law notice of termination or compensation in lieu of such that notice and compensation for length of service and any other entitlement pursuant to the British Columbia Employment Standards Act as amended from time to time(British Columbia). Except as expressly provided in this Article 5, the Executive will is not be entitled to any termination payments, damages, or compensation whatsoeverother compensation, notwithstanding any changes in the terms and conditions of the Executive’s employment which may occur in the future, including any change in position, duties or compensation.

Appears in 1 contract

Samples: Private & Confidential (Lululemon Athletica Inc.)

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Fair and Reasonable. The Executive acknowledges and agrees that the payments and/or benefits pursuant to this Article 5 will be in full satisfaction of all terms or requirements regarding termination of the Executive’s employment, including without limitation common law notice of termination or compensation in lieu of such notice and compensation for length of service and any other entitlement pursuant to the British Columbia Employment Standards Act as amended from time to time. Except as expressly provided in this Article 5, or as required by the minimum standards of applicable employment standards legislation, the Executive will not be entitled to any termination payments, damages, or compensation whatsoever, notwithstanding any changes in the terms and conditions of the Executive’s employment which may occur in the future, including any change in position, duties or compensation.

Appears in 1 contract

Samples: Restrictive Covenant Agreement (Lululemon Athletica Inc.)

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