Common use of Liability for Xxxxxxx Xxxxxxx Clause in Contracts

Liability for Xxxxxxx Xxxxxxx. Insiders may be subject to disgorgement of profits (or losses avoided) (trebled in some cases), penalties of up to $1,000,000 and up to ten years in jail for engaging in transactions in the Company's securities at a time when they have knowledge of Material Nonpublic Information regarding the Company.

Appears in 5 contracts

Samples: Employment Agreement (Shopping Sherlock Inc), Employment Agreement (Shopping Sherlock Inc), Employment Agreement (Shopping Sherlock Inc)

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Liability for Xxxxxxx Xxxxxxx. Insiders may be subject to disgorgement of profits (or losses avoided) (trebled in some cases), penalties of up to $1,000,000 and up to ten years in jail for engaging in transactions in the Company's securities at a time when they have knowledge of Material Nonpublic Information nonpublic information regarding the Company.

Appears in 2 contracts

Samples: Private Placement Subscription Agreement (Landhuis Leroy), Private Placement Subscription Agreement (Full Tilt Sports Inc)

Liability for Xxxxxxx Xxxxxxx. Insiders may be subject to disgorgement of profits (or losses avoided) (trebled in some cases), penalties of up to $1,000,000 and up to ten years in jail for engaging in transactions in the Company's ’s securities at a time when they have knowledge of Material Nonpublic Information nonpublic information regarding the Company.

Appears in 1 contract

Samples: Employment Agreement (Pumatech Inc)

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Liability for Xxxxxxx Xxxxxxx. Insiders may be subject to disgorgement of profits (or losses avoided) (trebled in some cases), penalties of up to $1,000,000 and up to ten years in jail for engaging in transactions in the Company's ’s securities at a time when they have knowledge of Material Nonpublic Information regarding the Company.

Appears in 1 contract

Samples: Purchase of Shares of Series B Preferred Stock (Lime Energy Co.)

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