Common use of Enforcement of Obligations Clause in Contracts

Enforcement of Obligations. FORFEITURE UNDER DEL LABS 1994 STOCK PLAN. You agree that your failure to perform any obligation under this Agreement will cause immediate and irreparable damage to Del, that there is no adequate remedy at law for such failure and that in the event of such failure Del shall be entitled to injunctive relief without posting of any bond, and such other relief as may be just and proper. Without limiting the generality of the foregoing, in the event that you receive a grant of an award under the Del Labs 1994 Stock Plan (the "1994 STOCK PLAN"), you irrevocably agree, consent and acknowlege that if you violate or fail fully to comply with and perform each and every covenant and undertaking set forth in this Agreement, then, in addition to each and every other remedy of Del, to the extent that on the date of such violation or non-performance there shall remain outstanding and unexercised (whether or not then vested) any portion of any stock option or stock appreciation right or there shall remain outstanding and unvested any portion of any other award granted to you under the 1994 Stock Plan, such award or portion thereof shall immediately and automatically terminate and become unexercisable without any action or notice by Del, in accordance with the provisions of Section 11 of the 1994 Stock Plan. In addition, you shall remain subject to all of the provisions of the 1994 Stock Plan.

Enforcement of Obligations. FORFEITURE UNDER DEL LABS 1994 STOCK PLAN. You agree that your failure to perform any obligation under this Agreement will cause immediate and irreparable damage to Del, that there is no adequate remedy at law for such failure and that in the event of such failure Del shall be entitled to injunctive relief without posting of any bond, and such other relief as may be just and proper. Without limiting the generality of the foregoing, in the event that you receive a grant of an award under the Del Labs 1994 Stock Plan (the "1994 STOCK PLAN"), you irrevocably agree, consent and acknowlege acknowledge that if you violate or fail fully to comply with and perform each and every covenant and undertaking set forth in this Agreement, then, in addition to each and every other remedy of Del, to the extent that on the date of such violation or non-performance there shall remain outstanding and unexercised (whether or not then vested) any portion of any stock option or stock appreciation right or there shall remain outstanding and unvested any portion of any other award granted to you under the 1994 Stock Plan, such award or portion thereof shall immediately and automatically terminate and become unexercisable without any action or notice by Del, in accordance with the provisions of Section 11 of the 1994 Stock Plan. In addition, you shall remain subject to all of the provisions of the 1994 Stock Plan.