Insolvency or Cessation of Business. In the event the Company becomes insolvent or ceases business due to lack of funds, this Agreement is immediately null and void and the terms and conditions are rendered non-enforceable, specifically those clauses associated with non-disclosure and non-competition.
Appears in 5 contracts
Samples: Employment Agreement (BioDrain Medical, Inc.), Employment Agreement (BioDrain Medical, Inc.), Employment Agreement (BioDrain Medical, Inc.)
