Executive Party definition
Examples of Executive Party in a sentence
The Company agrees to pay the reasonable attorney’s fees, costs and any damages any Executive Party may incur as a result of the Company breaching a promise the Company made in this Agreement (such as by suing an Executive Party over a released Claim) or if any representation the Company made in this Agreement is false.
Nothing contained in this Agreement will be deemed or construed as an admission of wrongdoing or liability on the part of the Company or any other Company Party or the Executive or any other Executive Party.
Anything to the contrary notwithstanding in this Agreement, nothing herein shall release the Executive or any other Executive Party from any Claims based on any right the Company may have to enforce this Agreement or the Employment Agreement.
The Company represents and warrants that it currently knows of no basis for any claims by it against any Released Executive Party, and that neither the Company nor anyone acting on its behalf has filed any claim, action, suit, complaint or proceeding against any Released Executive Party in any agency, court or other forum or tribunal.
Executive Party has seven (7) days after signing this Agreement to revoke it.
Each Key Executive Party hereby appoints the Executive Chairman as its authorized representative for receipt of notices that must be addressed to any of the Key Executives, JAMS Holding Company or collectively to all the Key Executive Parties under or in connection with this Agreement.
The Company makes no representations to Executive or any other Executive Party as to the taxability of any of the consideration and other amounts offered, paid or transferred herein, and Executive understands and agrees that to the extent any tax liability may now or hereafter become due because of the payment of the sums pursuant to this Agreement, such liability shall be his sole responsibility.
Executive, on behalf of himself and each other Executive Party, agrees to pay any taxes, penalties, or interest that may be determined to be due and payable, including federal, state, and local taxes which are required by law to be paid with respect to the consideration and any other amounts paid or payable, or transferred or transferable, to him as described herein.
Executive acknowledges that, by entering into this Agreement, the Company does not admit to any wrongdoing in connection with Executive’s employment, and that this Agreement is intended as a compromise of any Claims that any Executive Party has or may have against the Company Parties.
Anything to the contrary notwithstanding in this Release, nothing herein shall release ▇▇▇▇▇▇ or any other Executive Party from any Claims based on any right the Company may have to enforce this Release or the Employment Agreement.