Common use of Failure to Utilize Clause in Contracts

Failure to Utilize. The Company will have no obligation to use Executive’s services or the rights granted hereunder in connection therewith or otherwise, and the Company will be deemed to have fully satisfied its obligations hereunder by paying to Executive the compensation due Executive in accordance with the terms of this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Castle Brands Inc), Employment Agreement (Castle Brands Inc), Employment Agreement (Castle Brands Inc)

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Failure to Utilize. The Company will have no obligation to use Executive’s 's services or the rights granted hereunder in connection therewith or otherwise, and the Company will be deemed to have fully satisfied its obligations hereunder by paying to Executive the compensation due Executive in accordance with the terms of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Castle Brands Inc), Employment Agreement (Castle Brands Inc)

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