Not Otherwise Entitled Clause Samples

The "Not Otherwise Entitled" clause establishes that a party is only eligible to receive certain benefits, payments, or remedies if they are not already entitled to them under another provision of the agreement or by law. In practice, this means that if a party can claim compensation or a right through another clause or legal avenue, they cannot claim the same benefit again under this clause. This prevents double recovery or overlapping entitlements, ensuring that parties do not receive more than what is intended or fair under the contract.
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Not Otherwise Entitled. The parties agree that, apart from this Agreement, Employee is entitled to no payments or other consideration from the Company. The payments described in Paragraph II. B are contingent upon Employee’s execution of this Agreement, Employee not exercising his right to revoke, and Employee’s compliance with all of the terms of this Agreement.
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Not Otherwise Entitled. The parties agree that, apart from the Consideration Employee received or will receive pursuant to this Agreement and the separate Transition Agreement (and with the potential exception of Employee’s final paycheck, including payment for accrued and unused paid time off up to 80 hours in accordance with Company policy), Employee is not entitled to any payments or other consideration from the Company. This includes, but is not limited to, any restricted stock awards, cash or equity based incentives or severance pay, under any such agreements providing for the same between Employee and the Company. Employee acknowledges that the Consideration set forth in Section III(A) above is good and valuable consideration in exchange for this Agreement, and that (i) other than the Consideration (and with the potential exception of Employee’s final paycheck, including payment for accrued and unused paid time off up to 80 hours in accordance with Company policy), the Company has paid Employee all compensation due to Employee related to any employment relationship between Employee and the Company and its affiliates including all salary or wages due for hours Employee worked, commissions, bonuses, incentive compensation, sick pay, vacation pay and other benefits, and (ii) that as of the Separation Date, Employee is no longer an employee of the Company, its affiliates, or the Released Parties.
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Not Otherwise Entitled. Apart from any other consideration provided herein, Employee is entitled to no payments or other consideration from Employer.
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Not Otherwise Entitled. The parties agree that, apart from this Agreement, Employee is entitled to no payments or other consideration from the Company. Employee acknowledges that the Separation Payment is good and valuable consideration in exchange for this Agreement, and that other than the payments due under this Agreement, Employee has been paid all earned and accrued compensation, less applicable deductions, through the Employment Termination Date.
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Not Otherwise Entitled. Apart from any other consideration provided herein, Employee is entitled to no payments or other consideration from Employer. The Separation Benefits described in Paragraph II.E is contingent upon Employee’s execution of this Agreement and Employee’s compliance with all of the terms of this Agreement.
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Not Otherwise Entitled. The Parties agree that, apart from this Agreement, Consultant is not entitled to any payments or other consideration from the Company. Consultant acknowledges that the Payment is good and valuable consideration in exchange for this Agreement, and that (i) other than the Payment, the Company has paid Consultant all compensation due to Consultant related to the consulting relationship, and (ii) that as of the Termination Date, Consultant is no longer an independent contractor of the Company, its affiliates, or the Company Released Parties.
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Not Otherwise Entitled. The Parties agree that except as otherwise set forth in this Agreement: (i) Plaintiff is entitled to no payments or other consideration from any of the Sanofi Released Persons in respect of the Released Claims; and (ii) Sanofi is entitled to no payments or other consideration from any of the Plaintiff Released Persons in respect of the Released Claims.
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Not Otherwise Entitled. The parties agree that, apart from this Agreement, ▇▇▇▇▇▇ is entitled to no payments or other consideration from BBI. The payment described in Paragraph II.B is contingent upon ▇▇▇▇▇▇’▇ execution of this Agreement, her not exercising her right to revoke, and her compliance with all the terms of this Agreement. For treatment of ▇▇▇▇▇▇’▇ equity interest, see attached Exhibit 1.
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Related to Not Otherwise Entitled

  • Effect on Other Entitlements Community service leave for jury service will count as service for all purposes.

  • Default in Other Agreements (i) Failure by Holdings, the Borrower or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by Holdings, the Borrower or any of its Restricted Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; provided, further, that any failure described under clauses (i) or (ii) above is unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to this Article VII; or

  • Distributions Other than Spin-Offs If the Company distributes shares of its Capital Stock, evidences of its indebtedness or other assets or property of the Company, or rights, options or warrants to acquire Capital Stock of the Company or other securities, to all or substantially all holders of the Common Stock, excluding:

  • Interests in Other Entities The Company does not own or control, directly or indirectly, an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • Reimbursement of Business and Other Expenses During the Term of Employment, Executive is authorized to incur reasonable expenses in carrying out Executive’s duties and responsibilities under this Agreement, and the Company shall promptly reimburse Executive for all such expenses, subject to documentation and subject to the policies of the Company relating to expense reimbursement.