Common use of Colombia Clause in Contracts

Colombia. For a Colombian resident, for so long as the Participant resides in Colombia and is subject to the laws of Colombia: The Participant agrees that the Performance Units rights derived from this Agreement are not consideration for the services rendered by the Participant in Colombia. For this Agreement to be effective, the Participant must enter into a local agreement, governed by Colombian laws, with the Participant’s current employer in which the Participant agrees to the statement in the prior sentence.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Berkley W R Corp), Performance Unit Award Agreement (Berkley W R Corp), Performance Unit Award Agreement (Berkley W R Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!