Common use of Termination of Employment Agreement Clause in Contracts

Termination of Employment Agreement. Employee and Company hereby acknowledge and agree that the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employee.

Termination of Employment Agreement. Employee Each of the Company and Company hereby the Employee, being a party to the Employment Agreement, acknowledge and agree that the Employment Agreement is hereby shall be terminated and of no further force and effect and except as otherwise set forth herein, Employee all rights and obligations of the parties thereunder shall not be entitled to any payment in the nature of severance, Change of Control or termination pay from the Company, null and that the terms set forth herein is in full satisfaction of all obligations owed to Employeevoid and superseded by this Agreement.

Termination of Employment Agreement. Employee The Company and Company Nxxxxx hereby acknowledge and mutually agree that to terminate the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled subject to any payment in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is hereof. Unless specifically stated to the contrary in full satisfaction this Agreement, the rights and obligations of all obligations owed Nxxxxx and the Company intended to Employeesurvive termination of the Employment Agreement shall survive.

Termination of Employment Agreement. Employee acknowledges and Company hereby acknowledge and agree agrees that all rights he may have had under the Employment Agreement is are hereby terminated in their entirety, including without limitation, Employee's rights to compensation, bonuses, benefits and severance pay. Employee acknowledges the amounts paid under this Agreement are paid in lieu of no further force and effect and except as otherwise set forth herein, any amounts due to Employee shall not under the Employment Agreement other than those amounts required to be entitled to any payment in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employeepaid by law.

Termination of Employment Agreement. Employee and the Company hereby acknowledge and agree that the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in the nature of severance, Change of Control severance or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employee.

Termination of Employment Agreement. The Company and the Employee and Company hereby acknowledge and agree that the Employment Agreement is hereby terminated and shall be of no further force or effect from and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in after the nature date of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employeethis Agreement.

Termination of Employment Agreement. Employee and Company hereby acknowledge and agree that the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in the nature of severance, Change of Control severance or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employee.. (ix)

Termination of Employment Agreement. Employee and Company hereby acknowledge and agree that the (a) The Employment Agreement is hereby terminated in its entirety and Employee hereby resigns, effective immediately, as an officer and director of the Company and any of its subsidiaries. Each of the Company and Employee hereby acknowledges that no further force and effect and except obligations remain outstanding under the Employment Agreement as otherwise set forth hereinof the date hereof; including without limitation, Employee shall not be entitled to any payment in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to EmployeePast Due Compensation.

Termination of Employment Agreement. Employee In accordance with Section 15 of the Employment Agreement, upon the terms and Company subject to the conditions contained herein, the Employer and the Executive hereby acknowledge and agree that this Termination Agreement terminates the Employment Agreement is hereby terminated in its entirety (including, without limitation, Section 10 thereof, except as expressly provided herein) effective as of the date hereof and the Employment Agreement will be of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employeeeffect.

Termination of Employment Agreement. Employee and Company hereby acknowledge and agree that the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth herein, Employee shall not be entitled to any payment in the nature of severance, Change of Control severance or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employee.

Termination of Employment Agreement. Upon receipt by the Employee and of the Termination Payment, the Employee’s employment by the Company hereby acknowledge and agree that shall terminate, the Employment Agreement is hereby terminated shall terminate and be of no further force and or effect and except as otherwise set forth hereinand, other than payment of salary accrued to the date of termination, the Employee shall not be entitled have no further rights or claim under the Employment Agreement or otherwise as an employee of the Company including, without limitation, any rights to any payment in the nature of severance, Change of Control vacation pay or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employeeother benefits thereunder.

Termination of Employment Agreement. The Employment Agreement executed by and between the parties is terminated by mutual consent as of the date of this agreement and parties’ obligations with respect to said agreement, other than as provided herein, are likewise terminated. Employee shall tender his resignation as an officer and director of the Company hereby acknowledge and agree that effective upon the execution of this agreement. Notwithstanding any provisions of the Employment Agreement is hereby terminated and of no further force and effect and except as otherwise set forth hereinto the contrary, Employee shall not be entitled to any payment the Non-Compete provisions contained in the nature of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to Employeesaid agreement are likewise terminated.

Termination of Employment Agreement. The Company and the Employee and Company hereby acknowledge and agree that terminate the Employment Agreement is hereby terminated and effective as of no further force and effect and except as otherwise set forth herein, Employee the date hereof (the “Termination”). The parties expressly agree the Termination shall not be entitled to any payment in considered a termination of the nature Employment Agreement under Section 6 of severance, Change of Control or termination pay from the Company, and that the terms set forth herein is in full satisfaction of all obligations owed to EmployeeEmployment Agreement.