Exclusive Remedy Contract Clauses (98)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Exclusive Remedy clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Exclusive Remedy. Except as expressly set forth herein or otherwise required by law, Executive shall not be entitled to any compensation, benefits, or other payments from the Bank as a result of, or in connection with, Executive' s separation from service at any time, for any reason. The payments and benefits set forth in Sections 4 hereof shall constitute Executive's sole and exclusive remedy for any claims, causes of action or demands arising under or in connection with this Agreement or its alleged breach, or ...the termination of Executive's employment relationship with the Bank. View More
Found in SALISBURY BANCORP INC contract
Exclusive Remedy. Except as expressly set forth herein or otherwise required by law, Executive shall not be entitled to any compensation, benefits, or other payments from the Bank as a result of, or in connection with, Executive' s separation from service at any time, for any reason. The payments and benefits set forth in Sections Section 4 hereof shall constitute Executive's sole and exclusive remedy for any claims, causes of action or demands arising under or in connection with this Agreement or its alleged bre...ach, or the termination of Executive's employment relationship with the Bank. 8 12. Governing Law/Interpretation. Executive and the Bank agree that this Agreement and any claims arising out of or in connection with this Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut, without giving effect to the principles of conflicts of laws thereof. View More
Found in SALISBURY BANCORP INC contract
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Exclusive Remedy. Executive's receipt of the Severance Payment and other consideration provided in this Agreement shall be in lieu of any benefits specified under any prior severance agreement between Allegro and Executive, the Severance Policy for Senior Staff Members of the Company dated November 2, 2016, the severance policy for salaried employees adopted by Allegro Microsystems, Inc. on May 24, 2012, any other severance policy maintained by the Company; any benefits pursuant to any other agreement or understa...nding between Executive and the Company relating to termination of employment; and any benefits under the Company's Annual Incentive Plan or its successor for the fiscal year in which termination occurs. However, this Agreement shall not divest Executive of Executive's right to distributions from Allegro's Executive Deferred Compensation Plan or any right to vested benefits under the terms of the Company's benefit plans, to be paid accrued wages and vacation through the termination date or to be reimbursed for properly substantiated business expenses in accordance with the Company's expense reimbursement policy. View More
Found in ALLEGRO MICROSYSTEMS INC contract
Exclusive Remedy. Executive's receipt of the Severance Payment and other consideration provided in this Agreement shall be in lieu of any benefits specified under any prior severance agreement between Allegro and Executive, the Severance Policy for Senior Staff Members of the Company dated November 2, 2016, the severance policy for salaried employees adopted by Allegro Microsystems, Inc. on May 24, 2012, any other severance policy maintained by the Company; any benefits pursuant to any other agreement or understa...nding between Executive and the Company relating to termination of employment; and any benefits under the Company's Annual Incentive Plan or its 5 successor for the fiscal year in which termination occurs. However, this Agreement shall not divest Executive of Executive's right to distributions from Allegro's Executive Deferred Compensation Plan or any right to vested benefits under the terms of the Company's benefit plans, to be paid accrued wages and vacation through the termination date or to be reimbursed for properly substantiated business expenses in accordance with the Company's expense reimbursement policy. View More
Found in ALLEGRO MICROSYSTEMS INC contract
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Exclusive Remedy. The Executive shall be entitled to no other termination, severance or change of control compensation, benefits, or other payments from the Company as a result of any termination with respect to which the payments and benefits described in Section 2 have been provided to the Executive, except as expressly set forth in this Agreement. 7.2 No Limitation of Regular Benefit Plans. Except as may be provided elsewhere in this Agreement, this Agreement is not intended to and shall not affect, limit or t...erminate any plans, programs or arrangements of the Company that are regularly made available to a significant number of employees or officers of the Company, including, without limitation, the Company's stock option plans. -10- 7.3 Release of Claims. The payment of the benefits described in Sections 3 and 4 of this Agreement is conditioned upon the delivery by the Executive to the Company of a signed and effective general release of claims as provided by the Company; provided, however, that the Executive shall not be required to release any rights the Executive may have to be indemnified by the Company or as otherwise provided under this Agreement. 7.4 Noncumulation of Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, upon a Change of Control or Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar benefits, then no benefits shall be received by Executive under this Agreement unless, prior to payment or receipt of benefits under this Agreement, the Executive waives Executive's rights to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits. View More
Found in Avalon GloboCare Corp. contract
Exclusive Remedy. 9.1 No Other Benefits Payable. The Executive shall be entitled to no other termination, severance or change of control compensation, benefits, or other payments from the Company as a result of any termination with respect to which the payments and benefits described in Section 2 this Agreement have been provided to the Executive, except as expressly set forth in this Agreement. 7.2 No Limitation of Regular Benefit Plans. Except as may be provided elsewhere in this Agreement, this Agreement is no...t intended to and shall not affect, limit or terminate any plans, programs or arrangements of the Company that are regularly made available to a significant number of employees or officers of the Company, including, without limitation, the Company's stock option plans. -10- 7.3 9.2 Release of Claims. The payment of the payments and other benefits described provided in Sections 3 5 and 4 6 of this Agreement is upon termination of the Executive's employment are conditioned upon the delivery by the Executive to the Company of a signed and effective general release of claims as in a form provided by the Company; Company and such release becoming effective within thirty (30) days following the Termination Date; provided, however, that the Executive shall not be required to release any rights the Executive may have to be indemnified by the Company or as otherwise provided under this Agreement. 7.4 Noncumulation 9.3 Non-duplication of Benefits. The Executive may not cumulate cash severance payments, stock option vesting payments and exercisability and restricted stock vesting benefits provided under this Agreement, Agreement are intended to replace payments and benefits under any other written agreement with the Company and/or another plan or policy of the Company. Company in their entirety and, accordingly, as between this Agreement and those other agreements, plans or policies, there shall be no duplication of payments or benefits. If the Executive has any other binding written agreement with the Company which provides that, upon a Change of Control or Control, Termination Upon a Change of Control or Involuntary Termination, the Executive shall receive termination, severance or similar payments or benefits, then no benefits shall be received by Executive under this Agreement unless, prior to making the payment or receipt of providing the benefits under this Agreement, the Executive waives Executive's rights to all such other payments and benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits. View More
Found in Workhorse Group Inc. contract
Exclusive Remedy. The 7.1No Other Benefits Payable. Executive shall be entitled to no other termination, termination severance or change of control compensation, benefits, or other payments from the Company as a result of any termination with respect to which the payments and benefits described in Section 2 have been provided to the Executive, except as expressly set forth in this Agreement. 7.2 No 7.2No Limitation of Regular Benefit Plans. Except as may be provided elsewhere in this Agreement, this Agreement is ...not intended to and shall not affect, limit or terminate any plans, programs or arrangements of the Company that are regularly made available to a significant number of employees or officers of the Company, including, without limitation, the Company's stock option plans. -10- 7.3 Release of Claims. Company Plans. 7.3Release and Separation Agreement. The payment of the benefits described in Sections 3 and 4 of this Agreement herein is conditioned upon the delivery by the Executive to the Company of a signed and effective general release of claims as and separation agreement in the form provided by the Company; provided, however, that the Executive shall not be required to release any rights the Executive may have to be indemnified by the Company or as otherwise provided under this Agreement. 7.4 Noncumulation of Company. 7.4Non-Cumulative Benefits. The Executive may not cumulate cash severance payments, stock option vesting and exercisability and restricted stock vesting under this Agreement, any other written agreement with the Company and/or another plan or policy of the Company. If the Executive has any other binding written agreement with the Company which provides that, upon a Change of Control or Termination Upon a Change of Control or an Involuntary Termination, the Executive shall receive termination, severance or similar benefits, 7 then no benefits shall be received by Executive under this Agreement unless, prior to payment or receipt of benefits under this Agreement, the Executive waives Executive's rights right to all such other benefits, in which case this Agreement shall supersede any such written agreement with respect to such other benefits. View More
Found in Planet Payment Inc contract
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Exclusive Remedy. In the event of a Change of Control, the provisions of Section 3 of this Agreement are intended to be and are exclusive and in lieu of any other rights or remedies to which Executive may otherwise be entitled in the event of Executive's Qualifying Termination. In such circumstances, Executive shall be entitled to no benefits, compensation or other payments or rights upon termination of employment other than those benefits expressly set forth in Section 3.1, and such benefits shall be in lieu of ...any other benefits under the Severance Agreement, if applicable. View More
Found in Cohu, Inc. contract
Exclusive Remedy. In Except for any additional payments and benefits pursuant to the event of a Change of Control, in Control Agreement, the provisions of Section 3 of this Agreement are intended to be and are exclusive and in lieu of any other rights or remedies to which Executive may otherwise be entitled in the event of Executive's Qualifying Termination. In such circumstances, Executive shall be entitled to no benefits, compensation or other payments or rights upon termination of employment other than those b...enefits expressly set forth in Section 3.1, 3.1. For the avoidance of doubt, in the event Executive becomes entitled to receive benefits under the Change in Control Agreement, if applicable, that agreement shall govern, and such benefits Executive shall be paid benefits solely under that agreement and in lieu of any other benefits under the Severance Agreement, if applicable. this Agreement. View More
Found in Cohu, Inc. contract
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