Common use of Survives Termination Clause in Contracts

Survives Termination. The rights and obligations set forth in this Article 7 shall survive termination of this Employment Agreement and of the Executive’s employment for any reason. However, the portions of Section 7.2 of this Employment Agreement relating to competition (and not to non-solicitation of customers, which shall survive) shall become null and void upon any termination of the Executive’s employment following a Change in Control.”

Appears in 2 contracts

Samples: Employment Agreement (Southern Community Financial Corp), Employment Agreement (Southern Community Financial Corp)

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Survives Termination. The rights and obligations set forth in this Article 7 9 shall survive termination of this Employment Agreement and of the Executive’s Executive employment for any reason. However, the portions of Section 7.2 9.1 of this Employment Agreement relating to competition (and not to non-solicitation of customers, which shall survive) shall become null and void upon any termination of the Executive’s employment Separation from Service following a Change in Control.”

Appears in 2 contracts

Samples: Salary Continuation Agreement (Southern Community Financial Corp), Salary Continuation Agreement (Southern Community Financial Corp)

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Survives Termination. The rights and obligations set forth in this Article 7 9 shall survive termination of this Employment Agreement and of the Executive’s Executive employment for any reason. However, the portions of Section 7.2 of this Employment Agreement relating to competition (and not to non-solicitation of customers, which shall survive) shall become null and void upon any termination of the Executive’s employment following a Change in Control.”

Appears in 1 contract

Samples: Continuation Agreement (Southern Community Financial Corp)

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