join our network! affiliate login  
Custom Search
GET OUR FREE EMAIL NEWSLETTERS!
Daily and Weekly Editions • Articles • Alerts • Expert Advice • Learn More

Provision: Nature of Payments

Sample Provision

Any amounts due under the termination provisions are in the nature severance payments, liquidated damages, or both, and shall fully compensate the executive, dependence, beneficiaries in a state of the executive for any and all direct damages and consequential damages that they suffer as a result of the termination of the executives employment, or both, and are not in the nature of a penalty.

Employment Contract Provision Index