Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ continued employment related to operational, technical and engineering matters and DRI’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRI, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
Appears in 1 contract
Sources: Officer Resignation Agreement (Denbury Resources Inc)
Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ continued employment related to operational, engineering and technical and engineering matters and DRIthe Company’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRIthe Company, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
Appears in 1 contract
Sources: Officer Resignation Agreement (Denbury Resources Inc)
Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ ’▇ continued employment related to operational, technical operational and engineering matters and DRI’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRI, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
Appears in 1 contract
Sources: Officer Resignation Agreement (Denbury Resources Inc)
Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ ’▇ continued employment related to operational, technical operational and engineering matters and DRI’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRI, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
Appears in 1 contract
Sources: Officer Resignation Agreement (Denbury Resources Inc)