Common use of Forfeiture of Rights Clause in Contracts

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13, 14 or 15 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 8 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

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Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 11, 12, 13 or 14 or 15 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 5 contracts

Samples: Employment Agreement (Healthcare Acquisition Corp), Employment Agreement (Pharmathene, Inc), Employment Agreement (Pharmathene, Inc)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 7, 14 8 or 15 9 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been be entitled pursuant to Section 10(a6(a), 10(b6(b) or 11 6(c) hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 5 contracts

Samples: Employment Agreement (Digene Corp), Employment Agreement (Digene Corp), Employment Agreement (Digene Corp)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13, 14 or 15 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof (other than his rights to medical and dental benefits under the second paragraph of Section 5(c) hereof) shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 4 contracts

Samples: Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De), Employment Agreement (Medimmune Inc /De)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 10, 14 11, 12, or 15 13 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (Pharmathene, Inc)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 11, 14 12, 13 or 15 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, and such breach is not cured within 30 days of written notice from the Company detailing such breach, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (Pharmathene, Inc)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 11, 14 or 15 12, 13 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (Pharmathene, Inc)

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Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 11, 12,13 or 14 or 15 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements Statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (Pharmathene, Inc)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any Sections 11 or 14(b) of the provisions of Section 13, 14 or 15 hereof this Agreement or (ii) directly or indirectly makes or facilitates the making of any adverse disparaging public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(bSections 8(b) or 11 9 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (LCC International Inc)

Forfeiture of Rights. In the event that, subsequent to termination of employment hereunder, the Executive (i) breaches any of the provisions of Section 13Sections 10, 14 11, 12 or 15 13 hereof or (ii) directly or indirectly makes or facilitates the making of any adverse public statements or disclosures with respect to the business or securities of the Company, all payments and benefits to which the Executive may otherwise have been entitled pursuant to Section 10(a), 10(b) or 11 hereof shall immediately terminate and be forfeited, and any portion of such amounts as may have been paid to the Executive shall forthwith be returned to the Company.

Appears in 1 contract

Samples: Employment Agreement (Pharmathene, Inc)

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