Common use of Conditions of the Award Clause in Contracts

Conditions of the Award. If Awardee is selected as a winner of a monetary award by 43North in the final round of the Competition, Awardee agrees to accept such monetary award (an “Award”) of $1,000,000. The decision to make an Award, the amount of the Award, and the number of Awards given shall be made by 43North in its sole and absolute discretion. If Awardee is chosen to receive an Award, Awardee shall proceed to work towards with full commitment accomplishing the target milestones according to the timetable contained in Exhibit B, as amended pursuant to paragraph 6, below.

Conditions of the Award. If Awardee is selected as a winner of a monetary award by 43North in the final round of the Competition, Awardee agrees to accept such monetary award (an “Award”) at one of the following award levels: (a) $1,000,0001,000,000 and (b) $500,000. The decision to make an Award, the amount of the Award, and the number of Awards given shall be made by 43North in its sole and absolute discretion. If Awardee is chosen to receive an Award, Awardee shall proceed to work towards with full commitment accomplishing the target milestones according to the timetable contained in Exhibit B, as amended pursuant to paragraph 6, below.

Conditions of the Award. If Awardee is selected as a winner of a monetary award by 43North in the final round of the Competition, Awardee agrees to accept such monetary award (an “Award”) at one of the following award levels: (a) $1,000,0001,000,000 and (b) $500,000. The decision to make an Award, the amount of the Award, and the number of Awards given shall be made by 43North in its sole and absolute discretion. If Awardee is chosen to receive an Award, Awardee shall proceed to work towards towards, with full commitment commitment, accomplishing the target milestones according to the timetable contained in Exhibit B, as amended pursuant to paragraph 6, below.