Common use of No Further Benefits Clause in Contracts

No Further Benefits. Except as otherwise set forth in this Section 6, following any termination of Employee’s employment, notwithstanding any provision to the contrary in this Agreement, the obligations of OMNI to pay or provide Employee with compensation and benefits under Section 4 and 5 hereof shall cease, and OMNI shall have no further obligations to provide compensation or benefits to Employee hereunder. Employee expressly acknowledges that any severance payments under this Section 6 are in lieu of any other payments or benefits that Employee may otherwise be eligible to receive under any Company plan, policy or program providing for severance, separation pay or salary continuation payments or benefits.

Appears in 8 contracts

Samples: Employment Agreement (Omni Energy Services Corp), Employment Agreement (Omni Energy Services Corp), Employment Agreement (Omni Energy Services Corp)

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