Common use of Termination of Employment Arrangements Clause in Contracts

Termination of Employment Arrangements. Except as otherwise provided in Section 3 or in Section 4, from and after the Effective Time, the Executive shall not be entitled to receive any further payments or benefits under any Employment Arrangements. Without limiting the generality of the foregoing, the parties specifically agree that from and after the Effective Time, each of the Employment Arrangements shall automatically terminate without the necessity of any further action on the part of any party thereto, with the result that any and all obligation of either Employer under the Employment Arrangements shall be null and void and neither the Executive nor any heir, successor or assignee shall have any continuing rights thereunder. In furtherance of the limitations on rights and benefits described in this Section 2(a), from and after the Effective Time the following Employment Arrangements will terminate:

Termination of Employment Arrangements. Except as otherwise provided in Section 3 or in Section 4, from and after the Effective Time, the Executive shall not be entitled to receive any further payments or benefits under any Employment Arrangements. Without limiting the generality of the foregoing, the parties specifically agree that from and after the Effective Time, each of the Employment Arrangements shall automatically terminate without the necessity of any further action on the part of any party thereto, with the result that any and all obligation obligations of either Employer under the Employment Arrangements shall be null and void and neither the Executive nor any heir, successor or assignee shall have any continuing rights thereunder. In furtherance of the limitations on rights and benefits described in this Section 2(a), from and after the Effective Time the following Employment Arrangements will terminate:

Termination of Employment Arrangements. Except as otherwise provided in Section 3 or in Section 4, from and after the Effective Time, the Executive shall not be entitled to receive any further payments or benefits under any Employment Arrangements. Without limiting the generality of the foregoing, the parties specifically agree that from and after the Effective Time, each of the Employment Arrangements shall automatically terminate without the necessity of any further action on the part of any party thereto, with the result that any and all obligation obligations of either Employer Chart under the Employment Arrangements shall be null and void and neither the Executive nor any heir, successor or assignee shall have any continuing rights thereunder. In furtherance of the limitations on rights and benefits described in this Section 2(a2(b), from and after the Effective Time the following Employment Arrangements will terminate: