Common use of Payment of Severance Clause in Contracts

Payment of Severance. In addition to the provisions of Section 6(c) hereof, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available to the Company, if the Executive violates any provision of Section 6 hereof, any severance payments and/or benefit then or thereafter due from the Company to the Executive shall be terminated forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments and/or benefit shall terminate and be of no further force or effect, in each case without limiting or affecting the Executive’s obligations under Section 6 hereof or the Company’s other rights and remedies available at law or equity.

Appears in 6 contracts

Samples: Management Employment Agreement (NetSpend Holdings, Inc.), Management Employment Agreement (NetSpend Holdings, Inc.), Management Employment Agreement (NetSpend Holdings, Inc.)

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Payment of Severance. In addition to the provisions of Section 6(c) hereof6(c)hereof, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available to the Company, if the Executive violates any provision of Section 6 hereof, any severance payments and/or benefit then or thereafter due from the Company to the Executive shall be terminated forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments and/or benefit shall terminate and be of no further force or effect, in each case without limiting or affecting the Executive’s obligations under Section 6 hereof or the Company’s other rights and remedies available at law or equity.

Appears in 1 contract

Samples: Management Employment Agreement (NetSpend Holdings, Inc.)

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Payment of Severance. In addition to the provisions of Section 6(c) 7.5 hereof, and not in any way in limitation thereof, or in limitation of any right or remedy otherwise available to the Company, if the Executive violates any provision of Section 6 hereof7, any severance payments and/or benefit then or thereafter due from the Company to the Executive shall be terminated forthwith and the Company’s obligation to pay and the Executive’s right to receive such severance payments and/or benefit shall terminate and be of no further force or effect, in each case without limiting or affecting the Executive’s obligations under Section 6 hereof 7 hereof, or the Company’s other rights and remedies available at law or equity.

Appears in 1 contract

Samples: Management Employment Agreement (NetSpend Holdings, Inc.)

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