Common use of No Payments Upon Breach Clause in Contracts

No Payments Upon Breach. The Company shall have no obligation to provide Executive with any severance compensation under this Section 11 if Executive is in breach or violation of any of the covenants contained in Sections 6 or 7, which are applicable to Executive at the time of the severance payment.

Appears in 9 contracts

Samples: Executive Employment Agreement (Paltalk, Inc.), Executive Employment Agreement (Paltalk, Inc.), Executive Employment Agreement (PeerStream, Inc.)

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No Payments Upon Breach. The Company shall have no obligation to provide Executive with any severance compensation under this Agreement Section 11 9 if Executive is in breach or violation of any of the covenants contained in Sections 6 or 7Agreement Section 6, which are applicable to Executive at the time of the severance payment.

Appears in 8 contracts

Samples: Retirement Transition and Award Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx), Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

No Payments Upon Breach. The Company shall have no obligation to provide Executive with any severance compensation under this Section 11 10 if Executive is in breach or violation of any of the covenants contained in Sections 6 or 7, which are applicable to Executive at the time of the severance payment.

Appears in 1 contract

Samples: Executive Employment Agreement (Snap Interactive, Inc)

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No Payments Upon Breach. The Company shall have no obligation to provide Executive with any severance compensation under this Section 11 9 if Executive is in breach or violation of any of the covenants contained in Sections 6 or 7Section 6, which are applicable to Executive at the time of the severance payment.

Appears in 1 contract

Samples: Executive Employment Agreement (Texas Capital Bancshares Inc/Tx)

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