SUPERSEDEAS Clause Samples
The SUPERSEDEAS clause serves to temporarily halt the enforcement of a court judgment or order while an appeal is pending. In practice, this means that if a party files an appeal and requests a supersedeas, the original judgment will not be executed until the appellate court has reviewed the case, often contingent on the posting of a bond or other security. This clause is essential for protecting the rights of the appealing party by preventing potentially irreversible actions or losses before the appeal is resolved.
POPULAR SAMPLE Copied 2 times
SUPERSEDEAS. While this Agreement is in addition to and not in lieu of any other plan providing for payments to or benefits for the Executive or any agreement now existing or which hereafter may be entered into between the Company and the Executive, this Agreement supersedes all prior agreements and understandings of the parties hereto with respect to the Company's severance obligations to the Executive and any other similar payments to the Executive due upon termination of employment other than those agreements and understandings contained in the Company's Executive Severance Plan or specifically provided for in any employment contract between the Company and the Executive. This agreement supersedes the Employment Agreement between Prime Bancorp, Inc. and Executive dated December __, 1995 other than the terms of such agreement relating to your stock options, and any other agreements and understandings relating to the employment contracts with or severance benefits payable by Prime Bancorp, Inc. or Prime Bank, which, except as aforesaid, are hereby cancelled and null and void as of the effective date of this Agreement. The merger of Prime Bancorp, Inc. with the Company does not constitute a Change in Control for the purposes of this Agreement.
SUPERSEDEAS. While this Agreement is in addition to and not in lieu of any other plan providing for payments to or benefits for the Executive or any agreement now existing or which hereafter may be entered into between the Company and the Executive, this Agreement supersedes all prior agreements and understandings of the parties hereto with respect to the Company's severance obligations to the Executive and any other similar payments to the Executive due upon termination of employment other than those agreements and understandings contained in the Company's Executive Severance Plan or specifically provided for in any employment contract between the Company and the Executive.
SUPERSEDEAS. In the event of a conflict between the terms and conditions of this Agreement and the terms and conditions of any other Loan Document, the terms and conditions of this Agreement shall control.