Common use of Effect of Violation Clause in Contracts

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. 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 certain provisions for termination payments made pursuant to Section 8 of this Agreement. 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. Employee and Employer acknowledge and agree that additional consideration has been given for Employee entering into this Section 9paragraph 8, such additional consideration including, without limitation, the grant of Options certain provisions for termination payments pursuant to Section 5.3 of this Agreement and the payments made pursuant to Section 8 paragraph 7 of this Agreement. Violation by Employee of this Section 9 paragraph 8 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. Employee and Employer acknowledge and agree that additional consideration has been given for Employee entering into this Section 9paragraph 8, such additional consideration including, without limitation, the grant of Options bonus agreements detailed above and certain equity agreements being entered into by the parties in connection herewith and certain provisions for termination payments pursuant to Section 5.3 of this Agreement and the payments made pursuant to Section 8 paragraph 7 of this Agreement. Violation by Employee of this Section 9 paragraph 8 shall relieve Employer of any obligation it may have to make such bonus and termination payments, but shall not relieve Employee of his obligations, as required hereunder, not to compete.

Effect of Violation. Employee and Employer acknowledge and agree that additional consideration has been given for Employee entering into this Section 9paragraph 8, such additional consideration including, without limitation, the grant termination payments pursuant to paragraph 7 hereof and a portion of Options the common stock issued pursuant to Section 5.3 of this Agreement and the payments made pursuant to Section 8 of this Agreement4.3 hereof. Violation by Employee of this Section 9 paragraph 8 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.