Common use of Acceleration of Payments Clause in Contracts

Acceleration of Payments. In the event that the Company shall fail to pay to the Executive any amount payable pursuant to this Section 6 at the time such payment is due, all amounts to be paid to the Executive (or his estate or legal representative) pursuant to this Section 6, Section 3 and any other provision of this Agreement shall become immediately due and payable without any further action by the Executive (or his estate or legal representative).

Appears in 6 contracts

Sources: Employment Agreement (Novacare Inc), Employment Agreement (Novacare Inc), Employment Agreement (Novacare Inc)