Common use of Violation by Executive Clause in Contracts

Violation by Executive. If it is determined by an arbitration proceeding or a final non-appealable judgment of a court of law or equity that Executive has breached Article 8 in a material manner the Company shall be relieved of further severance payments to Executive, and Executive shall repay to the Company all severance payments previously received.

Appears in 3 contracts

Sources: Employment Agreement (Corvu Corp), Employment Agreement (Corvu Corp), Employment Agreement (Corvu Corp)

Violation by Executive. If it is determined by an arbitration proceeding or a final final, non-appealable judgment of a court of law or equity that Executive has breached Article 8 in a 7 with regard to material manner information the Company shall be relieved of further severance payments to Executive, and Executive shall repay to the Company all severance payments previously received.

Appears in 2 contracts

Sources: Employment Agreement (Corvu Corp), Employment Agreement (Corvu Corp)

Violation by Executive. If it is determined by an arbitration proceeding or a final final, non-appealable judgment of a court of law or equity that Executive has breached Article 8 in a 7 with regard to material manner information, the Company shall be relieved of further severance payments to Executive, Executive and Executive shall repay to the Company all severance payments previously received.

Appears in 1 contract

Sources: Employment Agreement (Corvu Corp)