Common use of Limitation of Action Clause in Contracts

Limitation of Action. The Participant and the Corporation each acknowledges that every right of action accruing to him or it, as the case may be, and arising out of or in connection with this Agreement against the Corporation or an Affiliate, on the one hand, or against the Participant, 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 6 contracts

Samples: Iso Award Agreement (Microbot Medical Inc.), Nqo Award Agreement (Microbot Medical Inc.), Sar Award Agreement (Microbot Medical Inc.)

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Limitation of Action. The Participant Employee and the Corporation each acknowledges that every right of action accruing to him or it, as the case may be, and arising out of or in connection with this Agreement against the Corporation or an Affiliate, on the one hand, or against the ParticipantEmployee, 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 3 contracts

Samples: Nqo Award Agreement (Radiant Logistics, Inc), Sar Award Agreement (Radiant Logistics, Inc), Iso Award Agreement (Radiant Logistics, Inc)

Limitation of Action. The Participant and the Corporation each acknowledges that every right of action accruing to him her or it, as the case may be, and arising out of or in connection with this Agreement against the Corporation or an Affiliate, on the one hand, or against the Participant, 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 2 contracts

Samples: Nqo Award Agreement (Unique Fabricating, Inc.), Nqo Award Agreement (Unique Fabricating, Inc.)

Limitation of Action. The Participant Employee and the Corporation each acknowledges that every right of action accruing to him or it, as the case may be, and arising out of or in connection with this Agreement against the Corporation or an AffiliateCorporation, on the one hand, or against the ParticipantEmployee, 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 2 contracts

Samples: Restricted Stock Unit Award Agreement (Radiant Logistics, Inc), Restricted Stock Award Agreement (Radiant Logistics, Inc)

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Limitation of Action. The Participant and the Corporation each acknowledges that every right of action accruing to him or it, as the case may be, and arising out of or in connection with this Agreement against the Corporation or an AffiliateCorporation, on the one hand, or against the Participant, 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 2 contracts

Samples: Restricted Stock Award Agreement (Microbot Medical Inc.), Restricted Stock Unit Award Agreement (Microbot Medical Inc.)

Limitation of Action. The Participant and the Corporation each acknowledges agrees that every right of action accruing to him or it, as the case may be, her and arising out of of, or in connection with with, this Agreement Agreement, against the Corporation or an Affiliate, on the one hand, or against the Participant, on the other hand, shallwill, 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: Director Stock Option Agreement (Wachtel William B), Director Stock Option Agreement (Chodock Marc)

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