Common use of Entire Termination Payment Clause in Contracts

Entire Termination Payment. The compensation provided in this Agreement for early termination shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company or any policy of the Company. This section shall not have any effect on distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar plan). ARTICLE 4.

Appears in 5 contracts

Sources: Employment Agreement (Eltrax Systems Inc), Employment Agreement (Eltrax Systems Inc), Employment Agreement (Eltrax Systems Inc)

Entire Termination Payment. The compensation provided for in this Agreement Articles 3 and 4 for early termination of this Agreement shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company ANS or any policy of the Company. This section Section 4.5 shall not have any effect on distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar planPlan). ARTICLE 4.

Appears in 3 contracts

Sources: Employment and Non Competition Agreement (Eltrax Systems Inc), Employment and Non Competition Agreement (Eltrax Systems Inc), Employment Agreement (Eltrax Systems Inc)

Entire Termination Payment. The compensation provided for in this Agreement Article IV for early termination of this Agreement shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company or any plan or other policy of the Company. This section Section 4.04 shall not have any effect on vested distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar plan). ARTICLE 4Plan.

Appears in 2 contracts

Sources: Employment Agreement (Winthrop Resources Corp), Employment Agreement (Winthrop Resources Corp)

Entire Termination Payment. The compensation provided in this Agreement for early termination shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company or any policy of the Company. This section shall not have any effect on distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar plan). ARTICLE 4.

Appears in 2 contracts

Sources: Employment Agreement (Eltrax Systems Inc), Employment Agreement (Eltrax Systems Inc)

Entire Termination Payment. The compensation provided for in this Agreement Article IV for early termination of this Agreement shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company or any plan or other policy of the Company. This section Section 4.04 shall not have any effect on vested distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar plan)Plan. ARTICLE 4.V

Appears in 1 contract

Sources: Employment Agreement (Winthrop Resources Corp)

Entire Termination Payment. The compensation provided for in this Agreement Article IV for early termination of this Agreement shall constitute Employee's sole remedy for such termination. Employee shall not be entitled to any other termination or severance payment which may be payable to Employee under any other agreement between Employee and the Company or any plan or other policy of the Company. This section Section 4.04 shall not have any effect on vested distributions to which Employee may be entitled at termination from any tax-qualified Benefit Plan or any other Benefit Plan (other than a severance payment or similar plan)Plan. ARTICLE 4.50

Appears in 1 contract

Sources: Employment Agreement (Winthrop Resources Corp)