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 paragraph 8, such additional consideration including, without limitation, the 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 paragraph 7 of this Agreement. Violation by Employee of this 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 paragraph 8, such additional consideration including, without limitation, the 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 paragraph 7 of this Agreement. Violation by Employee of this 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 paragraph 8Section 9, such additional consideration including, without limitation, the bonus agreements detailed above and certain equity agreements being entered into by the parties in connection herewith and certain provisions for termination payments grant of Options pursuant to paragraph 7 Section 5.3 of this Agreement and the payments made pursuant to Section 8 of this Agreement. Violation by Employee of this paragraph 8 Section 9 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 paragraph 8Section 9, such additional consideration including, without limitation, the 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 paragraph 7 Section 8 of this Agreement. Agreement Violation by Employee of this paragraph 8 Section 9 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 paragraph 8, such additional consideration including, without limitation, the 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 paragraph 7 hereof and a portion of this Agreementthe common stock issued pursuant to Section 4.3 hereof. Violation by Employee of this 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.