Common use of Limitations on Recovery Clause in Contracts

Limitations on Recovery. In the event that the Executive institutes legal proceedings to enforce this Agreement, he agrees that the sole remedy available shall be enforcement of the terms of this Agreement and/or a claim for damages resulting from the breach of this Agreement, but that under no circumstances shall the Executive be entitled to receive or collect any damages for claims that Executive has released under this Agreement.

Appears in 7 contracts

Samples: Executive Separation Agreement (Axcelis Technologies Inc), Executive Separation Agreement (Axcelis Technologies Inc), Executive Retirement Agreement (Axcelis Technologies Inc)

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Limitations on Recovery. In the event that the Executive institutes legal proceedings to enforce this Agreement, he the Executive agrees that the sole remedy available shall be enforcement of the terms of this Agreement and/or a claim for damages resulting from the breach of this Agreement, but that under no circumstances shall the Executive be entitled to receive or collect any damages for claims that Executive has released under this Agreementthe Release.

Appears in 3 contracts

Samples: Executive Separation Pay Agreement, Executive Separation Pay Agreement (Axcelis Technologies Inc), Executive Separation Pay Agreement (Axcelis Technologies Inc)

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