Effect of Company Bankruptcy on the Agreement’s Compensation Provisions Sample Clauses

Effect of Company Bankruptcy on the Agreement’s Compensation Provisions. The compensation described in Section 2.1 above and the shares described in Sections 2.2 and 2.3 above are “at risk” and notwithstanding the stated values or specific amounts associated with this compensation amounts, bonuses or grants, these anticipated payments or grants are not unconditionally guaranteed. In the event of Company bankruptcy, insolvency or ceasing to do EXHIBIT 10.3 business as a going concern, Xxxxxxxx shall be treated as an unsecured creditor with respect to these compensation amounts or anticipated award of shares.
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Related to Effect of Company Bankruptcy on the Agreement’s Compensation Provisions

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Definitions For purposes of this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Headings The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

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