Right to Withhold Payments. Upon the determination of a majority of the Board of Directors that the Executive has breached his obligations in any material respect under Sections 7 or 8 the Company pursuing all available remedies under this Agreement, at law or otherwise, and without limiting its right to pursue the same, shall cease all payments to the Executive under this Agreement.
Appears in 4 contracts
Samples: Employment and Non Interference Agreement, Employment and Non Interference Agreement (Sensus Metering Systems Bermuda 2 LTD), Employment and Non Interference Agreement (Sensus Metering Systems Bermuda 2 LTD)
Right to Withhold Payments. Upon the determination of a majority of the Board of Directors that the Executive has breached his obligations in any material respect under Sections 7 or 8 the Company Company, in addition to pursuing all available remedies under this Agreement, at law or otherwise, and without limiting its right to pursue the same, shall cease all payments to the Executive under this Agreement.
Appears in 3 contracts
Samples: Consulting Agreement (Sensus Metering Systems Inc), Employment and Non Interference Agreement (Sensus Metering Systems Inc), Employment and Non Interference Agreement (Sensus Metering Systems Inc)
Right to Withhold Payments. Upon the determination of a majority of the Board of Directors that the Executive has breached his obligations in any material respect under Sections 7 or 8 through 12, the Company Company, in addition to pursuing all available remedies under this Agreement, at law or otherwise, and without limiting its right to pursue the same, shall cease all payments to the Executive under this Agreement. In the event a court of competent jurisdiction described in Section 21 shall ultimately determine that the Executive did not in any material respect commit a breach of any such sections, such withheld amounts shall thereupon be payable to Executive.
Appears in 1 contract
Samples: Employment and Non Interference Agreement (Citi Trends Inc)
Right to Withhold Payments. Upon the determination of a majority of the Board of Directors that the Executive has breached his obligations in any material respect under Sections 7 or 8 through 12, the Company Company, in addition to pursuing all available remedies under this Agreement, at law or otherwise, and without limiting its right to pursue the same, shall cease all payments to the Executive under this Agreement. In the event a court of competent jurisdiction described in Section 21 shall ultimately determine that the Executive did not in any material respect commit a breach of any such sections, such withheld amounts shall thereupon be payable to Executive. 19.
Appears in 1 contract
