No Further Notice or Compensation. Executive understands and agrees that he shall not be entitled to any further notice or compensation upon Termination of Employment under this Agreement, other than amounts specified in this Section 6 and the Ancillary Documents. Executive shall not have any obligation to seek comparable employment following such termination or resignation, nor shall any compensation received from any subsequent employment reduce the Company's obligations hereunder.
No Further Notice or Compensation. Upon termination of your employment under this Agreement, you shall not be entitled to any further grants of stock options nor shall you be entitled to any further participation in any other incentive plan of the DRAXIS Group other than as specifically set forth in this Agreement. For all purposes, "termination of your employment" and "termination date" shall be the final day of employment with DRAXIS, and shall not be deemed to include any period during which you may be entitled to statutory notice, statutory termination pay or any contractual or common law notice period and in particular, shall not be deemed to include the notice period identified in Sections 13(c) (1) or 13(d) (1) (C). All of the other terms and conditions of your Employment Agreement remain unchanged. We would ask that you confirm your acceptance of this modification by signing the duplicate of this letter. If you have any questions concerning this modification, please do not hesitate to communicate with the undersigned. Regards, DRAXIS HEALTH INC. /s/ Xxxxxx Xxxxxx Per: Xx. Xxxxxx Xxxxxx President and CEO I hereby confirm having read the above mentioned modification to my employment agreement dated October 17, 2003 and hereby confirm my acceptance of said modification. Signed this ______ day of ___________, 2004 at ________________________________. /s/ Xxxxx Xxxxxxxxx ---------------------------- XXXXX XXXXXXXXX
No Further Notice or Compensation. Upon termination of your employment under this Agreement, you shall not be entitled to any further grants of stock options or Employee Participation Shares nor shall you be entitled to any further participation in the Stock Ownership Plan or any other incentive plan of Draxis other than as specifically set forth in Sections 17(d)(E), 17(e) and this 17(h). For further clarity, in the event of termination of this Agreement and your employment hereunder for any reason, the provisions of Section 17(d)(E) and 17(e), and the terms provided in the event of termination under the Draxis Stock Option Plan, Stock Purchase and Bonus Plan, Stock Ownership Plan and Employee Participation Share Purchase Plan shall apply. For all purposes, "termination of your employment" and "termination date" shall be the final day of employment with Draxis, and shall not be deemed to include any period during which you may be entitled to statutory notice, statutory termination pay or any contractual or common law notice period and in particular, shall not be deemed to include the notice period identified in Sections 17(c) (1) or 17(d) (1) (C).
No Further Notice or Compensation. Upon termination of your employment under this Agreement, you shall not be entitled to any further grants of stock options nor shall you be entitled to any further participation in any other incentive plan of the DRAXIS Group other than as specifically set forth in this Agreement. For all purposes, “termination of your employment” and “termination date” shall be the final day of employment with DRAXIS, and shall not be deemed to include any period during which you may be entitled to statutory notice, statutory termination pay or any contractual or statutory notice period and in particular, shall not be deemed to include the notice period identified above.
No Further Notice or Compensation. Employee understands and agrees that he shall not be entitled to any further notice or compensation upon termination of his employment with the Company, other than amounts specified in Section 3 or Section 6 hereof. Employee shall not have any obligation to seek comparable employment following such termination, nor shall any compensation received from any subsequent employment reduce the Company's obligations hereunder.
No Further Notice or Compensation. Upon termination of your employment under this Agreement, you shall not be entitled to any further grants of stock options or Employee Participation Shares nor shall you be entitled to any further participation in the Stock Purchase and Bonus Plan or any other incentive plan of Draxis other than as specifically set forth in Sections 16(c)(4), 16(d)(E), 16(e) and this Section 16(h). For further clarity, in the event of termination of this Agreement and your employment hereunder for any reason, the provisions of Section 16(c)(4), 16(d)(E) and 16(e) of this Agreement, and the terms provided in the event of termination under the Draxis Stock Option Plan, Stock Purchase and Bonus Plan, Stock Ownership Plan and Employee Participation Share Purchase Plan shall apply.
No Further Notice or Compensation. For further clarity, in the event of termination of this Agreement and your employment hereunder for any reason, the terms provided in the event of termination under the Draxis Stock Option Plan, Stock Purchase and Bonus Plan, Stock Ownership Plan and Employee Participation Share Purchase Plan shall apply.