Common use of Restitution Clause in Contracts

Restitution. If Executive breaches any part of Section 4.1, 4.2 or 4.3, the Company will have the right and remedy to require Executive to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of such breach. This right and remedy will be in addition to, and not in lieu of, any other rights and remedies available to the Company under law or in equity.

Appears in 5 contracts

Sources: Employment Agreement (Safeguard Scientifics Inc), Employment Agreement (Safeguard Scientifics Inc), Employment Agreement (Safeguard Scientifics Inc)

Restitution. If Executive breaches any part of Section 4.1, 4.2 or 4.3, the Company or its subsidiaries or affiliates as applicable, will have the right and remedy to require Executive to account for and pay over to the Company or its subsidiaries or affiliates all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of such breach. This right and remedy will be in addition to, and not in lieu of, any other rights and remedies available to the Company or its subsidiaries or affiliates, as applicable, under law or in equity.

Appears in 3 contracts

Sources: Employment Agreement (Penseco Financial Services Corp), Employment Agreement (Penseco Financial Services Corp), Employment Agreement (Penseco Financial Services Corp)

Restitution. If Executive breaches any part of this Section 4.1, 4.2 or 4.36, the Company will have the right and remedy to require Executive to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of such breach. This right and remedy will be in addition to, and not in lieu of, any other rights and remedies available to the Company under law or in equity.

Appears in 1 contract

Sources: Retirement Agreement (Systems & Computer Technology Corp)

Restitution. If Executive breaches any part of Section 4.1, 4.2 4.1 or 4.34.2, the Company will have the right and remedy to require Executive to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits derived or received by Executive as the result of such breach. This right and remedy will be in addition to, and not in lieu of, any other rights and remedies available to the Company under law or in equity.

Appears in 1 contract

Sources: Employment Transition and Retirement Agreement (Safeguard Scientifics Inc)