Right of Offset; Compliance with Covenants. (i) If the Employee's employment by the Company is terminated for any reason, Employee shall be entitled to the compensation and other benefits expressly provided under this Agreement, subject to the Company's right of offset for any amounts owed by Employee to the Company (or to any of its Affiliates). (ii) The continuing obligation of the Company to make any payments to Employee hereunder following the Termination Date is expressly conditioned upon Employee complying in all respects and continuing to comply in all respects with Employee's obligations under Sections 9, 10 and 11 hereof following the Termination Date.
Appears in 3 contracts
Sources: Employment Agreement (Starwood Hotels & Resorts), Employment Agreement (Starwood Hotels & Resorts), Employment Agreement (Starwood Hotel & Resorts Worldwide Inc)
Right of Offset; Compliance with Covenants. (i) If the Employee's employment by the Company is terminated for any reason, Employee shall be entitled to the compensation and other benefits expressly provided under this Agreement, subject to the Company's right of offset for any amounts owed by Employee to the Company (or to any of its Affiliates).
(ii) The continuing obligation of the Company to make any payments the Monthly Severance Payment to Employee hereunder following the Termination Date is expressly conditioned upon the Employee complying in all respects and continuing to comply in all respects with Employee's obligations under Sections 9, 10 and 11 hereof following the Termination Date.
Appears in 2 contracts
Sources: Employment Agreement (Vistana Inc), Employment Agreement (Vistana Inc)
Right of Offset; Compliance with Covenants. (i) If the Employee's employment by the Company is terminated for any reason, Employee shall be entitled to the compensation and other benefits expressly provided under this Agreement, subject to the Company's right of offset for any amounts owed by Employee to the Company (or to any of its Affiliates).
(ii) The continuing obligation of the Company to make any the payments to Employee hereunder following the Termination Date contemplated by Section 8(e) is expressly conditioned upon the Employee complying in all respects and continuing to comply in all respects with Employee's obligations under Sections 9, 10 (to the extent applicable) and 11 hereof following the Termination Date.
Appears in 1 contract
Sources: Employment Agreement (Vistana Inc)