Obligations under Employment Agreement Sample Clauses

Obligations under Employment Agreement. Mx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to the Employment Agreement, a copy of which is attached as Exhibit A, and this Agreement. Any violation of those obligations by Mx. Xxxxxx constitutes a material breach of this Agreement and subjects Mx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to MEMC by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including Paragraph 10 below.
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Obligations under Employment Agreement. Xx. Xxxxxxxxx agrees that he has continuing obligations to SSL pursuant to the Employment Agreement and this Agreement. Any violation of those obligations by Xx. Xxxxxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. SunEdison Semiconductor LLC. expressly reserves the right to pursue all other legal and equitable remedies available to them by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including Paragraph 11 below.
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Obligations under Employment Agreement. Xx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to Section 5 of the Employment Agreement between Xx. Xxxxxx and MEMC entered into as of January 1, 2002, a copy of which is attached hereto as Exhibit 1 (the “Employment Agreement”) provided that the provisions of paragraph 13 below shall supersede the non-solicitation provisions included in the second paragraph under “Competitive Activity” of the exhibit to the Employment Agreement. Any violation of those obligations by Xx. Xxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to it by virtue of any breach of Section 5 of the Employment Agreement or any promise made in this Agreement, including paragraphs 12 and 13, below.
Sample 1
Obligations under Employment Agreement. Xx. Xxxxxx agrees that he has continuing obligations to MEMC pursuant to the Employment Agreement, a copy of which is attached as Exhibit B, the Separation Agreement and General Release, and this Continuation Agreement. Any violation of those obligations by Xx. Xxxxxx constitutes a material breach of this Continuation Agreement and subjects Xx. Xxxxxx to forfeiture of all benefits and payments pursuant to this Continuation Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to MEMC by virtue of any breach of the Employment Agreement or any promise made in the Separation Agreement and General Release, or in this Continuation Agreement.
Sample 1
Obligations under Employment Agreement. Xx. Xxxxxxxxxxx agrees that he has continuing obligations to MEMC pursuant to the sections of the Employment Agreement entitled “CONFIDENTIAL INFORMATION,” “COMPETITIVE ACTIVITY,” and “IDEAS, INVENTIONS OR DISCOVERIES.” Any violation of such obligations by Xx. Xxxxxxxxxxx constitutes a material breach of this Agreement and subjects Xx. Xxxxxxxxxxx to forfeiture of all Separation Agreement and General Release Xxxxxxxxxxxx Xxxxxxxxxxx and MEMC Electronic Materials, Inc. benefits and payments pursuant to this Agreement. MEMC expressly reserves the right to pursue all other legal and equitable remedies available to it by virtue of any breach of the Employment Agreement or any promise made in this Agreement, including paragraph 12, below.
Sample 1
Obligations under Employment Agreement. The parties agree that this Award is being provided in addition to the shares under the PERFORMANCE BASED RESTRICTED STOCK UNIT GRANT AGREEMENT OF NABORS INDUSTRIES, INC. dated January 1, 2023 (for performance shares) and under the RESTRICTED STOCK AGREEMENT OF XXXXXX INDUSTRIES, INC., dated January 1, 2023 (for TSR shares). The Common Shares under this Award are not in lieu of any specific shares, or in lieu of any obligation under the Employment Agreement. The parties further agree that the Award under this Performance Stock Unit Grant is a discretionary award and the Committee is under no obligation to make such awards in any future years. The parties further agree that this Award does not amend, modify, or vary the rights of the Executive or the Company under the Employment Agreement, nor does it create under the Employment Agreement any additional ​ ​ rights for, or additional obligations of, the Executive or the Company, which Employment Agreement remains in effect without change as it existed immediately before this Award. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS] ​ ​ ​ ​
Sample 1
Obligations under Employment Agreement. The parties agree that this Award is being provided in addition to the shares under the PERFORMANCE BASED RESTRICTED STOCK UNIT GRANT AGREEMENT OF XXXXXX INDUSTRIES, INC. dated January 1, 2023 (for performance shares) and under the RESTRICTED STOCK AGREEMENT OF NABORS INDUSTRIES, INC., dated January 1, 2023 (for TSR shares). The Common Shares under this Award are not in lieu of any specific shares, or in lieu of any obligation under the Employment Agreement between the Grantee and the Company (the “Employment Agreement”). The parties further agree that the Award under this Performance Stock Unit Grant is a discretionary award and the Committee is under no obligation to make such awards in any future years. The parties further agree that, notwithstanding anything in the Employment Agreement to the contrary, this Award will not be covered by any provisions of the Employment Agreement (including, without limitation, any provision(s) of the Employment Agreement relating to treatment of equity awards upon a termination of employment) and will be governed solely by this award agreement and the Plan. Other than with respect to the immediately preceding sentence, this Award does not amend, modify, or vary the rights of the Executive or the Company under the Employment Agreement, nor does it create under the Employment Agreement any additional rights for, or additional obligations of, the Executive or the Company, which Employment Agreement remains in effect without change as it existed immediately before this Award. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS] ​ ​
Sample 1
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Related to Obligations under Employment Agreement

  • Obligations of Executive (a) For two years following a Termination Event, Executive agrees not to personally solicit any of the employees either of the Company or of any entity in which the Company directly or indirectly possesses the ability to determine the voting of 50% or more of the voting securities of such entity (including two-party joint ventures in which each party possesses 50% of the total voting power of the entity) to become employed elsewhere or provide the names of such employees to any other company that Executive has reason to believe will solicit such employees.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Amendment to Employment Agreement The Employment Agreement is hereby amended as follows:

  • No Employment Agreement Nothing in this agreement shall give the Executive any rights to (or impose any obligations for) continued employment by the Company or any Affiliate or subsidiary thereof or successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Executive.

  • Amendments to Employment Agreement The Employment Agreement is hereby amended as follows:

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated:

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

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