Common use of Termination of Payment Obligations Clause in Contracts

Termination of Payment Obligations. Notwithstanding any other provision contained herein, in the event that Executive breaches any duties set forth in these Restrictive Covenants, then Executive shall not be entitled to any post-termination compensation or benefits of any kind, Executive shall immediately reimburse Company for all reasonable post-termination amounts previously paid by Company and Company’s cost associated with the provision of any post-termination benefits to Executive, and the duties set forth in these Restrictive Covenants shall continue in full force and effect.

Appears in 3 contracts

Samples: Employment Agreement (Bally Technologies, Inc.), Employment Agreement (Shuffle Master Inc), Employment Agreement (Shuffle Master Inc)

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Termination of Payment Obligations. Notwithstanding any other provision contained herein, in the event that Executive materially breaches any duties set forth in these Restrictive Covenants, then Executive shall not be entitled to any further post-termination compensation or benefits of any kind, Executive shall immediately reimburse Company for all reasonable post-termination amounts previously paid by Company and Company’s cost associated with the provision of any post-termination benefits to Executive, and the duties set forth in these Restrictive Covenants shall continue in full force and effect.

Appears in 2 contracts

Samples: Employment Agreement (Shuffle Master Inc), Employment Agreement (Shuffle Master Inc)

Termination of Payment Obligations. Notwithstanding any other provision contained herein, in the event that Executive materially breaches any duties set forth in these Restrictive Covenants, then Executive shall not be entitled to any further post-termination compensation or benefits of any kind, Executive shall immediately reimburse Company for all reasonable post-termination amounts or benefits previously paid or conferred by Company upon Executive and Company’s cost associated with the provision of any post-termination benefits to Executive, and the duties set forth in these Restrictive Covenants shall continue in full force and effect.

Appears in 1 contract

Samples: Employment Agreement (Shuffle Master Inc)

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Termination of Payment Obligations. Notwithstanding any other provision contained herein, in the event that Executive breaches any duties set forth in these Restrictive Covenants, then Executive shall not be entitled to any post-termination compensation or benefits of any kind, Executive shall immediately reimburse Company for all reasonable post-termination amounts previously paid by Company and Company’s 's cost associated with the provision of any post-termination benefits to Executive, and the duties set forth in these Restrictive Covenants shall continue in full force and effect.

Appears in 1 contract

Samples: Employment Agreement (SHFL Entertainment Inc.)

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