Cessation of Compensation. In lieu of any severance under any severance plan that the Company may then have in effect, and subject to: (i) the receipt of a full and unconditional release from Executive; and (ii) any amounts owed by the Executive to the Company under any contract, agreement or loan document entered into after the date hereof (including, but not limited to, loans made by the Company to the Executive), the Company shall pay to the Executive, and the Executive shall be entitled to receive, the following amounts within thirty (30) days of the date of termination of his employment in full satisfaction of any obligation to Executive for termination of this Agreement:
Appears in 2 contracts
Sources: Employment Agreement (Soft Landing Labs, Ltd.), Employment Agreement (Soft Landing Labs, Ltd.)