Common use of Limitation of Action Clause in Contracts

Limitation of Action. The Optionee agrees that every right of action accruing to him or her and arising out of, or in connection with, this Agreement against the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 9 contracts

Samples: Stock Option Agreement (Biocurex Inc), Stock Option Agreement (Lifepoint Inc), Stock Option Agreement (Lifepoint Inc)

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Limitation of Action. The Optionee agrees and the Company each acknowledge that every right of action accruing to him the Optionee or her the Company, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willOptionee, on the one hand, or against the Company, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years twenty-four (24) months from the date of the act or omission in respect of which such right of action arises.

Appears in 5 contracts

Samples: Non Statutory Option Award (Investview, Inc.), Non Statutory Option Award Agreement (Investview, Inc.), Non Statutory Option Award (Investview, Inc.)

Limitation of Action. The Optionee agrees and the Company each acknowledges that every right of action accruing to him or her it, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCompany or a Parent or Subsidiary, on the one hand, or against the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 5 contracts

Samples: Stock Option Agreement (Evtc Inc), Incentive Stock Option Agreement (I Join Systems Inc), Stock Option Agreement (I Join Systems Inc/Fl)

Limitation of Action. The Optionee agrees that every right of action accruing to him or her and arising out ofof , or in connection with, this Agreement against the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 3 contracts

Samples: Stock Option Agreement (Lifepoint Inc), Stock Option Agreement (Lifepoint Inc), Stock Option Agreement (Lifepoint Inc)

Limitation of Action. The Optionee agrees that every right of action accruing to him or her and arising out ofof , or in connection with, this Agreement against the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three there (3) years from the date of the act or omission in respect of which such right of action arises.

Appears in 2 contracts

Samples: Stock Option Agreement (Lifepoint Inc), Stock Option Agreement (Lifepoint Inc)

Limitation of Action. The Optionee agrees and the Company each acknowledge that every right of action accruing to him the Optionee or her it, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCompany, on the one hand, or against the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three (3) years from the date of the act or omission in respect of which such right of action arises.

Appears in 2 contracts

Samples: Non Statutory Option Award (Radiant Logistics, Inc), Non Statutory Option Award (Radiant Logistics, Inc)

Limitation of Action. The Optionee agrees that every right of action accruing to him or her and arising out of, or in connection with, this Agreement Agreement, against the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three (3) years from the date of the act or omission in respect of which such right of action arises.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Wachtel William B), Incentive Stock Option Agreement (Chodock Marc)

Limitation of Action. The Optionee agrees and the Corporation each acknowledges that every right of action accruing to him Optionee or her the Corporation, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willor an Affiliate, on the one hand, or against the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three (3) years from the date of the act or omission in respect of which such right of action arises.

Appears in 2 contracts

Samples: Non Qualified Stock Option Award (Radiant Logistics, Inc), Non Qualified Stock Option Award (Radiant Logistics, Inc)

Limitation of Action. The Optionee agrees and the Corporation each acknowledges that every right of action accruing to him or her it, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCorporation, on the one hand, or against the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years six months from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Stock Option Agreement (UpSnap, Inc.)

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Limitation of Action. The Optionee agrees that every right of action accruing to him or her and arising out of, or in connection with, this Agreement against the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Stock Option Agreement (Perfectdata Corp)

Limitation of Action. The Optionee agrees and the Company each acknowledge that every right of action accruing to him or her it, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCompany or an affiliated corporation or subsidiary thereof on the one hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Distribution Agreement (United Energy Corp /Nv/)

Limitation of Action. The Optionee agrees and the Company each acknowledge that every right of action accruing to him or her it, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCompany or an affiliated corporation or subsidiary thereof, on the one hand, or the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Gilman & Ciocia Inc)

Limitation of Action. The Optionee agrees acknowledges that every right of -------------------- action accruing to him or her and arising out of, of or in connection with, with the Consent or this Agreement against the Corporation or any subsidiary or affiliate of the Corporation will, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arisesis alleged to have arisen.

Appears in 1 contract

Samples: Stock Option Agreement (Commnet Cellular Inc)

Limitation of Action. The Optionee agrees and the Corporation each acknowledges that every right of action accruing to him Optionee or her the Corporation, as the case may be, and arising out of, of or in connection with, with this Agreement against the Corporation willCorporation, on the one hand, or against the Optionee, on the other hand, shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three (3) years from the date of the act or omission in respect of which such right of action arises.

Appears in 1 contract

Samples: Non Qualified Stock Option Award (Radiant Logistics, Inc)

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