Common use of Outstanding Liabilities Clause in Contracts

Outstanding Liabilities. Any liabilities the Executive may have to the Company or its affiliates, including, without limitation, any outstanding loans or advances by the Company and any liabilities to reimburse the Company for any personal expenses that the Executive has charged to the Company, must be paid in full before payment of any Severance Benefits. Further, the Executive expressly authorizes the Company to deduct any such amounts from any payment to be made to the Executive under this Agreement, to the extent permitted by applicable law.

Outstanding Liabilities. Any liabilities the Executive may have to the Company or its affiliates, including, without limitation, any liabilities in respect of outstanding loans or advances by the Company and any liabilities to reimburse the Company for any personal expenses that the Executive has charged to the Company, must be paid in full before payment of any Severance Benefits. Further, amounts will be made to the Executive expressly authorizes under this Agreement or the Company to may, at its option, deduct any such amounts from any payment to be made to the Executive under this Agreement, to the extent permitted by applicable law.

Outstanding Liabilities. Any liabilities the Executive may have to the Company or its affiliates, including, without limitation, any liabilities in respect of outstanding loans or advances by the Company and any liabilities to reimburse the Company for any personal expenses that the Executive has charged to the Company, must be paid in full before payment of any Severance Benefits. Further, amounts will be made to the Executive expressly authorizes under this Agreement or the Company to may, at its option, deduct any such amounts from any payment to be made to the Executive under this Agreement, to the extent permitted by applicable law. The Company represents that it is not currently aware of any such liabilities.