Common use of Covenant Not to S▇▇ Clause in Contracts

Covenant Not to S▇▇. (a) A “covenant not to s▇▇” is a legal term that means Executive promises not to file a lawsuit in court. It is different from the release of claims and waiver of rights contained in Section 4 above. Besides waiving and releasing the claims covered by Section 4 above, Executive shall never s▇▇ the Releasees in any forum for any reason covered by the Release. Notwithstanding this covenant not to s▇▇, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys’ fees and costs (including the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive’s suit. In addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments. (b) If Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive’s agreement to withdraw, dismiss, or not file a lawsuit would not be a violation of any applicable law or regulation.

Covenant Not to S▇▇. (a) A “covenant not to s▇▇” is a legal term that means the Executive promises not to file a lawsuit in court. It is different from the release of claims and waiver of rights contained in Section 4 above. Besides waiving and releasing the claims covered by Section 4 above, the Executive shall never s▇▇ the Releasees in any forum for any reason covered by the Release. Notwithstanding this covenant not to s▇▇, the Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If the Executive sues any of the Releasees in violation of this Agreement, the Executive shall be liable to them for their reasonable attorneys’ fees and costs (including the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against the Executive’s suit. In addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments. (b) If the Executive has previously filed any lawsuit against any of the Releasees, the Executive shall immediately take all necessary steps and execute all necessary documents to withdraw or dismiss such lawsuit to the extent the Executive’s agreement to withdraw, dismiss, or not file a lawsuit would not be a violation of any applicable law or regulation.

Covenant Not to S▇▇. (a) A “covenant not to s▇▇” is a legal term that means Executive promises not to file a lawsuit in court. It is different from the release of claims and waiver of rights contained in Section 4 above. Besides waiving and releasing the claims covered by Section 4 above, Executive shall never s▇▇ the Releasees in any forum for any reason covered by the Release. Notwithstanding this covenant not to s▇▇, Executive may bring a claim against the Company Bank to enforce this Agreement, to challenge the validity of this Agreement under the ADEA ADEA, or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys’ fees and costs (including without limitation the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive’s suit. In addition, if Executive sues any of the Releasees in violation of this Agreement, the Company Bank can require Executive to return all but a sum of one hundred dollars ($100 100) of the Severance Paymentsseverance benefit received pursuant to Section 2 above, which sum is, by itself, adequate consideration for the promises and covenants in this Agreement. In that event, the Company Bank shall have no obligation to make provide any further Severance Paymentsseverance benefits. (b) If Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive’s agreement to withdraw, dismiss, or not file a lawsuit would not be a violation of any applicable law or regulation.

Covenant Not to S▇▇. (a) A “covenant not to s▇▇” is a legal term that means Executive Employee promises not to file a lawsuit in court. It is different from the release of claims Release and waiver of rights contained in Section 4 aboveWaiver. Besides waiving and releasing the claims covered by Section 4 above, Executive Employee shall never s▇▇ the Releasees in any forum for any reason covered by the ReleaseRelease and Waiver. Notwithstanding this covenant not to s▇▇, Executive Employee may bring a claim against the Company Employer to enforce this Agreement, Agreement or to challenge the validity of this Agreement under the ADEA or for any claim that arises after execution of this AgreementADEA. If Executive Employee sues any of the Releasees in violation of this Agreement, Executive Employee shall be liable to them for their reasonable attorneys’ fees and costs (including the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against ExecutiveEmployee’s suit. In addition, if Executive Employee sues any of the Releasees in violation of this Agreement, the Company Employer can require Executive Employee to return all but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in this Agreement. In that event, the Company Employer shall have no obligation to make any further Severance Payments. (b) If Executive Employee has previously filed any lawsuit against any of the Releasees, Executive Employee shall immediately take all necessary steps and execute all necessary documents to withdraw or dismiss such lawsuit to the extent ExecutiveEmployee’s agreement to withdraw, dismiss, or not file a lawsuit would not be a violation of any applicable law or regulation.

Covenant Not to S▇▇. (a) A “covenant not to s▇▇” is a legal term that means Executive promises not to file a lawsuit in court. It is different from the release of claims and waiver of rights contained in Section 4 above5. Besides releasing and waiving and releasing the claims covered by Section 4 above5, Executive shall never s▇▇ the Releasees in any forum for any reason covered by the Releaserelease and waiver language in Section 5. Notwithstanding this such covenant not to s▇▇, Executive may bring a claim against the Company Employer to enforce this Agreement, to challenge the validity of this Agreement under the ADEA or for any claim that arises after Executive’s final execution of this Agreement. If Executive sues any of the Releasees in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys’ fees and costs (including the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive’s suit. In addition, if Executive sues any of the Releasees in violation of this Agreement, the Company Employer can require Executive to return all but a sum of one hundred dollars ($100 100) of the Severance Paymentsmoney and other benefits paid to Executive pursuant to this Agreement, which sum the parties hereto agree is, by itself, adequate consideration for the promises and covenants in this Agreement. In that event, the Company Employer shall have no obligation to make be excused from making any further Severance Paymentspayments or continuing any other benefits otherwise owed to Executive under this Agreement. (b) If Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and execute any and all necessary documents to withdraw or dismiss such lawsuit to the extent Executive’s agreement to withdraw, dismiss, or not file a lawsuit would not be a violation of any applicable law or regulation.