Common use of Satisfaction of Obligations Clause in Contracts

Satisfaction of Obligations. Anything herein to the contrary notwithstanding, upon satisfaction of their respective applicable obligations as set forth in this Section 9, the Companies shall have no further obligations to the Executive under this Agreement, except as set forth in Section 13 hereof. The obligation of the Companies to provide the Severance Benefits (or, if such Severance Benefits have commenced, to continue providing the Severance Benefits) to the Executive is expressly conditioned upon the Executive’s continued performance of and compliance with his obligations under the Covenants; provided, however, that an immaterial and unintentional breach by the Executive of the Covenants provided in Section 6 or Section 8 hereof shall not be deemed to be a failure to perform or comply with such obligations. In the event of the Executive’s death after his termination of employment but prior to his receiving, in full, the payments or other benefits to which he is entitled hereunder, his estate or other legal representative shall succeed to such entitlements.

Appears in 7 contracts

Samples: Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.), Employment Agreement (Hayward Holdings, Inc.)

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Satisfaction of Obligations. Anything herein to the contrary notwithstanding, upon satisfaction of their respective applicable obligations as set forth in this Section 97(c), the Companies shall have no further obligations to the Executive under this Agreement, except as set forth in Section 13 14 hereof. The obligation of the Companies to provide the Severance Benefits (or, if such Severance Benefits have commenced, to continue providing the Severance Benefits) to the Executive is are expressly conditioned upon the Executive’s continued performance of and compliance with his obligations under the Covenants; provided, however, that an immaterial and unintentional breach by the Executive of the Covenants provided in Section 6 7 or Section 8 9 hereof shall not be deemed to be a failure to perform or comply with such obligations. In the event of the Executive’s death after his termination of employment but prior to his receiving, in full, the payments or other benefits to which he is entitled hereunder, his estate or other legal representative shall succeed to such entitlements.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

Satisfaction of Obligations. Anything herein to the contrary notwithstanding, upon satisfaction of their respective applicable obligations as set forth in this Section 9, the Companies shall have no further obligations to the Executive under this Agreement, except as set forth in Section 13 hereof. The obligation of the Companies to provide the Severance Benefits (or, if such Severance Benefits have commenced, to continue providing the Severance Benefits) to the Executive is expressly conditioned upon the Executive’s 's continued performance of and compliance with his obligations under the Covenants; provided, however, that an immaterial and unintentional breach by the Executive of the Covenants provided in Section 6 or Section 8 hereof shall not be deemed to be a failure to perform or comply with such obligations. In the event of the Executive’s 's death after his termination of employment but prior to his him receiving, in full, the payments or other benefits to which he is entitled hereunder, his estate or other legal representative shall succeed to such entitlements.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

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Satisfaction of Obligations. Anything herein to the contrary notwithstanding, upon satisfaction of their respective applicable obligations as set forth in this Section 9, the Companies shall have no further obligations to the Executive under this Agreement, except as set forth in Section 13 hereof. The obligation of the Companies to provide the Severance Benefits (or, if such Severance Benefits have commenced, to continue providing the Severance Benefits) to the Executive is expressly conditioned upon the Executive’s continued performance of and compliance with his her obligations under the Covenants; provided, however, that an immaterial and unintentional breach by the Executive of the Covenants provided in Section 6 or Section 8 hereof shall not be deemed to be a failure to perform or comply with such obligations. In the event of the Executive’s death after his her termination of employment but prior to his her receiving, in full, the payments or other benefits to which he she is entitled hereunder, his her estate or other legal representative shall succeed to such entitlements.

Appears in 1 contract

Samples: Employment Agreement (Hayward Holdings, Inc.)

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