Effect of Violation. Any purported Transfer in violation of this Article 11 will be null and void and will not bind or be recognized by the Fund.
Effect of Violation. Executive and Employer acknowledge and agree that additional consideration has been given for Executive entering into this paragraph 8, such additional consideration, including, certain provisions for termination payments pursuant to paragraph 7 of this Agreement. Violation by Executive of this paragraph 8 shall relieve Employer of any obligation it may have to make such termination payments, but shall not relieve Executive of his obligations under this paragraph 8.
Effect of Violation. In the event that the Executive violates any of the provisions of this Section, all severance payable to Executive under this Agreement shall cease and any severance previously paid shall be reimbursed to the Company within thirty (30) days of the Company’s notification to Executive that this provision has been violated.
Effect of Violation. Any action or attempted action by the Company or the Holder in violation of this Warrant shall be null and void ab initio and of no force or effect whatsoever.
Effect of Violation. Employee and Employer acknowledge and agree that additional consideration has been given for Employee entering into this Section 9, such additional consideration including, without limitation, the grant of Options pursuant to Section 5.3 of this Agreement and the payments made pursuant to Section 8 of this Agreement. Violation by Employee of this Section 9 shall relieve Employer of any obligation it may have to make such termination payments, but shall not relieve Employee of his obligations, as required hereunder, not to compete.
Effect of Violation. Any attempted transfer in violation of the requirements of this Section 12 shall be null and void and, at the option of Landlord, will cause termination of this Lease.
Effect of Violation. Failure to comply with any provision of this Addendum shall constitute a material breach of the Agreement. Institution, in its capacity as a Processor, shall be liable for such breach to extent permitted by applicable Laws, if such breach is the fault of Service Provider’s or its subprocessors.
Effect of Violation. Any purported Transfer in violation of this Article 7 will be null and void and will not bind or be recognized by AVGF.
Effect of Violation. Any purported Transfer in violation of this Article 9 will be null and void and will not bind or be recognized by the Partnership.
Effect of Violation. Executive and ACS acknowledge and agree that additional good and sufficient compensation has been provided to Executive in exchange for his agreement to the provisions of Sections 12 of this Agreement. Therefore, in addition the Company’s remedies in equity and at law, Executive’s material violation of Section 12 of this Agreement shall relieve ACS of any obligation it may have to pay any Cash Incentive compensation, bonuses or Severance Benefits that may otherwise be owing but unpaid to Executive, and ACS may cancel any unvested rights to shares of Company stock, but these actions by ACS shall not relieve Executive of his obligations under this Agreement.
