Common use of Associated Companies Clause in Contracts

Associated Companies. 5.1 The provisions of paragraphs 5.2 and 5.3 below shall only apply in respect of those Associated Companies (i) to whom you gave your services, or (ii) for whom you were responsible, or (iii) with whom you were otherwise concerned, in the twelve months immediately preceding the Termination Date. 5.2 Paragraphs 1, 2, 3, 4, and 6 in this Schedule shall apply as though references to the “Associated Company” were substituted for reference to the “Company”. The obligations undertaken by you pursuant to this Schedule shall, with respect to each Associated Company, constitute a separate and distinct covenant and the invalidity or unenforceability of any such covenant shall not affect the validity or enforceability of the covenants in favour of the Company or any other Associated Company. 5.3 In relation to each Associated Company referred to in paragraphs 5.1 and 5.2 above, the Company contracts as trustee and agent for the benefit of each such Associated Company. You agree that, if required to do so by the Company, he will enter into covenants in the same terms as those set out in paragraphs 1, 2, 3, 4 and 6 hereof directly with all or any of such Associated Companies, mutatis mutandis. If you fail, within 7 days of receiving such a request from the Company, to sign the necessary documents to give effect to the foregoing, the Company shall be entitled, and is hereby irrevocably and unconditionally authorised by you to execute all such documents as are required to give effect to the foregoing, on your behalf.

Appears in 3 contracts

Samples: Consultancy Agreement, Compromise Agreement (Quaker Chemical Corp), Consultancy Agreement (Quaker Chemical Corp)

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Associated Companies. 5.1 The provisions of paragraphs 5.2 and 5.3 below shall only apply in respect of those Associated Companies (i) to whom you the Executive gave your his services, or (ii) for whom you were he was responsible, or (iii) with whom you were he was otherwise concerned, in the twelve months immediately preceding the Termination Date. 5.2 Paragraphs 1, 2, 3, 4, 4 and 6 in this Schedule Annex 4 shall apply as though references to the “Associated Company” were substituted for reference references to the “Company”. The obligations undertaken by you the Executive pursuant to this Schedule Annex 4 shall, with respect to each Associated Company, constitute a separate and distinct covenant and the invalidity or unenforceability of any such covenant shall not affect the validity or enforceability of the covenants in favour of the Company or any other Associated Company. 5.3 In relation to each Associated Company referred to in paragraphs 5.1 and 5.2 above, the Company contracts as trustee and agent for the benefit of each such Associated Company. You agree The Executive agrees that, if required to do so by the Company, he will enter into covenants in the same terms as those set out in paragraphs 1, 2, 3, 4 and 6 hereof directly with all or any of such Associated Companies, mutatis mutandis. If you failthe Executive fails, within 7 days of receiving such a request from the Company, to sign the necessary documents to give effect to the foregoing, the Company shall be entitled, and is hereby irrevocably and unconditionally authorised by you the Executive, to execute all such documents as are required to give effect to the foregoing, on your his behalf.

Appears in 1 contract

Samples: Employment Agreement (McCormick & Co Inc)

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Associated Companies. 5.1 The provisions of paragraphs 5.2 and 5.3 below shall only apply in respect of those Associated Companies (i) to whom you the Executive gave your his services, or (ii) for whom you were he was responsible, or (iii) with whom you were he was otherwise concerned, in the twelve months immediately preceding the Termination Date. 5.2 Paragraphs 1, 2, 3, 4, 4 and 6 in this Schedule 1 shall apply as though references to the "Associated Company" were substituted for reference references to the "Company”. ." The obligations undertaken by you the Executive pursuant to this Schedule 1 shall, with respect to each Associated Company, constitute a separate and distinct covenant and the invalidity or unenforceability of any such covenant shall not affect the validity or enforceability of the covenants in favour of the Company or any other Associated Company. 5.3 In relation to each Associated Company referred to in paragraphs 5.1 and 5.2 above, the Company contracts as trustee and agent for the benefit of each such Associated Company. You agree The Executive agrees that, if required to do so by the Company, he will enter into covenants in the same terms as those set out in paragraphs 1, 2, 3, 4 and 6 hereof directly with all or any of such Associated Companies, mutatis mutandis. If you failthe Executive fails, within 7 days of receiving such a request from the Company, to sign the necessary documents to give effect to the foregoing, the Company shall be entitled, and is hereby irrevocably and unconditionally authorised by you the Executive, to execute all such documents as are required to give effect to the foregoing, on your his behalf.

Appears in 1 contract

Samples: Executive Service Agreement (Leapfrog Enterprises Inc)

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