Common use of Obligations to Related Parties Clause in Contracts

Obligations to Related Parties. Except as described in the Memorandum, there are no obligations of the Company to officers, directors, stockholders, or employees of the Company other than (a) for payment of salary or other compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as may be disclosed in the Memorandum, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. Except as described in the MemorandumOffering Documents, there are no obligations of the Company to officers, directors, stockholders, or employees of the Company other than (a) for payment of salary or other compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as may be disclosed in the MemorandumOffering Documents, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. Except as described in the Memorandum, there There are no obligations of the Company to officers, directors, stockholdersshareholders, or employees of the Company other than (a) for payment of salary or other compensation for services renderedrendered on a basis consistent with past practice, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as may be disclosed in the MemorandumFinancial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. Except as described in the Memorandum, there There are no monetary or other obligations of the Company to affiliates, officers, directors, stockholdersshareholders, employees or employees agents of the Company other than (ai) for payment of salary or other compensation for services rendered, (bii) reimbursement for reasonable expenses incurred on behalf of the Company and (ciii) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as may be disclosed in the MemorandumFinancial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm firm, corporation, or corporationother entity.

Obligations to Related Parties. Except as described disclosed in the Memorandum, there are no obligations of the Company to officers, directors, stockholders, or employees of the Company other than (a) for payment of salary or other compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as may be disclosed in the MemorandumFinancial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. Except as described may be disclosed in the MemorandumFinancial Statements, there are no obligations of the Company to officers, directors, stockholders, stockholders or employees of the Company other than than: (a) for payment of salary or other compensation for services rendered, ; (b) reimbursement for reasonable expenses incurred on behalf of the Company Company; and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board board of Directors directors of the Company). Except as may be disclosed in the Memorandum, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.