Common use of Director Representations Clause in Contracts

Director Representations. Director hereby represents and warrants as follows: (a) Director is legally competent and has all power and authority required to sign this Agreement; (b) Director has not transferred any of the Restricted Stock on or prior to the Effective Date; (c) No promise or agreement not expressed herein has been made to Director to induce him to sign this Agreement; (d) In signing this Agreement, Director is not relying on any statement or representation of any of the Releasees that is not contained in this Agreement; (e) Director has had a reasonable opportunity to review this Agreement and has had a reasonable opportunity to consult with his legal counsel and accountants with respect to the terms and the legal, financial and tax implications of this Agreement; (f) The release set forth in Section 1 represents a commercial, arm’s length transaction by and between the parties to which such release refers; and (g) Director, upon request, will execute and deliver any additional documents deemed by the Company or any successor thereto, to be reasonably necessary or desirable to complete the cancellation of the Restricted Stock.