Cancellation of Awards. In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreements and the Outstanding Awards granted thereunder shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Time, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Outstanding Awards, the Award Agreements, or with respect to any Common Stock of the Company that could have been received upon settlement of the Outstanding Awards under the Award Agreements.
Appears in 4 contracts
Samples: Employment Agreement (Ruthigen, Inc.), Cancellation Agreement (Ruthigen, Inc.), Cancellation Agreement (Ruthigen, Inc.)
