Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 83 contracts
Samples: Employment Agreement (Viasys Healthcare Inc), Employment Agreement (Viasys Healthcare Inc), Employment Agreement (CVS Caremark Corp)
Nature of Payments. Any amounts due under this Section 10 9 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 34 contracts
Samples: Employment Agreement (Amedisys Inc), Employment Agreement (Nymagic Inc), Employment Agreement (Nymagic Inc)
Nature of Payments. Any amounts due under this Section 10 11 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 29 contracts
Samples: Employment Agreement (Viasys Healthcare Inc), Employment Agreement (Viasys Healthcare Inc), Employment Agreement (All American Pet Company, Inc.)
Nature of Payments. Any amounts due under this Section Article 10 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 10 contracts
Samples: Executive Employment Agreement (Caesars Entertainment, Inc.), Executive Employment Agreement (Caesars Entertainment, Inc.), Executive Employment Agreement (Caesars Entertainment, Inc.)
Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company and the Executive and are not in the nature of a penalty.
Appears in 8 contracts
Samples: Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Endurance International Group Holdings, Inc.), Employment Agreement (Primedia Inc)
Nature of Payments. Any amounts due under this Section Article 10 or under Article 14 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 8 contracts
Samples: Executive Employment Agreement (Eldorado Resorts, Inc.), Executive Employment Agreement (Eldorado Resorts, Inc.), Executive Employment Agreement (Eldorado Resorts, Inc.)
Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company and are Company. Failure to qualify for any such payment is not in the nature of a penalty.
Appears in 7 contracts
Samples: Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp), Employment Agreement (Kmart Holding Corp)
Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company INTELLECT and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Intellect Neurosciences, Inc.), Employment Agreement (Intellect Neurosciences, Inc.)
Nature of Payments. Any amounts due under this Section 10 9 are in the nature of severance or salary continuation payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Montgomery Ward Holding Corp), Employment Agreement (Montgomery Ward Holding Corp)
Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered have been determined to be reasonable by the Company and are not in the nature of a penalty.
Appears in 2 contracts
Samples: Employment Agreement (Six Flags Inc), Employment Agreement (Six Flags Inc)
Nature of Payments. Any amounts due under this Section SECTION 10 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty.
Appears in 1 contract
Samples: Employment Agreement (Dragonfly Energy Holdings Corp.)
