Common use of The Executive's Employment Covenants Clause in Contracts

The Executive's Employment Covenants. (a) The Executive agrees ------------------------------------ that, subject to the terms and conditions of this Agreement, in the event of each and every Potential Change in Control, the Executive will remain in the employ of the Company until the earliest of (i) a date which is nine (9) months after the date of such Potential Change of Control; (ii) the date on which such Potential Change of Control shall cease to exist; or (iii) the date of a Change in Control. The agreement of Executive in this clause (a) of this Section 4 contained shall come into effect each time that there shall be a Potential Change in Control during the term hereof. The Executive is not obligated by this Agreement to remain employed by the Company at any time other than the times referred to in the first sentence of this clause (a) of this Section 4 and may, as far as this Agreement is concerned, terminate his employment at any time other than within the time periods referred to in such sentence. The only consequences of a violation by the Executive of the Agreement contained in the first sentence of this clause (a) of this Section 4 is the loss of entitlement to any and all benefits or other sums payable by the Company hereunder. Nothing in this Agreement contained affects the obligations of the Executive with respect to the Executive's employment by the Company under any other written agreement between the Company and the Executive.