Full Satisfaction of Obligations. Payment by Employer or the Company of the amounts owed to Employee pursuant to this Section 5 shall fully satisfy all obligations of Employer and the Company to Employee under this Agreement if the employment of Employee is terminated hereunder prior to the expiration of the term of this Agreement, and all obligations of Employer and Employee to each other set forth in Sections 1 through 4 of this Agreement shall terminate and be of no further force or effect as of the date of termination. No termination of employment hereunder, whether by Employer or Employee and whether with or without Cause or Good Reason, shall terminate the provisions of Sections 6 or 7 or any subsequent sections of this Agreement and each of such sections shall remain in full force and effect as binding obligations of the Parties in accordance with their express terms.
Full Satisfaction of Obligations. The Holder acknowledges that upon the issuance of the Exchange Shares and the payment of the Cash Payment, the obligations of the Company to the Holder under the Exchanged Notes shall have been satisfied in full.
Full Satisfaction of Obligations. Such Holder acknowledges that upon issuance of the Holder Exchange Securities, the obligations of the Company to such Holder under the Existing Bonds will have been satisfied in full and such Existing Bonds will have been cancelled. For the avoidance of doubt and notwithstanding anything herein to the contrary, no interest will be payable on the Existing Bonds of such Holder for any period on and after the Closing Date if the delay in issuing the Holder New Bonds is solely a result of any DTC participant holding Existing Bonds of such Undersigned Party failing to effectuate a DWAC withdrawal of such Existing Bonds as contemplated by this Agreement.
Full Satisfaction of Obligations. The payments and the other benefits provided for in Section 2 and 3 of this Agreement (i) constitute the entire obligation of the Company, (ii) represent full and complete satisfaction by the Company of all obligations under the Employment Agreement, the provisions of which are hereby terminated (except for Section 12 thereof, which shall continue in force, and except to the extent otherwise provided in this Agreement), and (iii) constitute full and complete settlement of any claim under law or equity that the Executive might otherwise assert against the Company for compensation, benefits or remuneration of any form as a result of his employment with the Company.
Full Satisfaction of Obligations. The Undersigned and each Noteholder acknowledges that upon the issuance of the Exchanged Shares and the payment of the Cash Payment, the obligations of the Company to the Undersigned and the Noteholders under the Exchanged Notes shall have been satisfied in full.
Full Satisfaction of Obligations. Except (a) as set forth in this Agreement and/or (b) as set forth in any subsequent agreement between Executive or any Executive Released Parties and the Company or any Company Released Parties, Executive expressly agrees that by accepting the payment set forth in Section 5(a)(ii) of this Agreement: (i) such payments are in full satisfaction of any liability or obligation to Executive under the Employment Agreement and all other agreements between Executive and the Company (or any Company Released Party) that were effective on or prior to the date of this Agreement, (ii) payment has been made in full for all hours worked and that Executive is not owed or entitled to any additional compensation in the form of salary, wages, overtime, vacation pay, fringe benefits or otherwise, related to any employment with the Company or the Company Released Parties as of the date of this Agreement and (iii) Executive waives any and all rights relating to any stock option or other equity grants (regardless of whether such options or equity grants are vested or unvested) awarded to Executive by the Company or any Company Released Parties (including, but not limited to any and all Management Rollover Options, nonqualified or incentive stock options, and restricted stock grants).
Full Satisfaction of Obligations. A cash payment of $900,000 payable on the Release Date (as defined below) in full satisfaction of all obligations stated in Section 3 of the Agreement.
