Common use of LIQUIDATION AND INSOLVENCY Clause in Contracts

LIQUIDATION AND INSOLVENCY. In the event the Company must liquidate due to insolvency or events resulting in an act of bankruptcy, or in the event the Company becomes insolvent and is incapable of paying its bills and obligations, then this Agreement shall terminate and shall be considered as fully and completely discharged.

Appears in 4 contracts

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc), Deferred Compensation Plan (Nu Skin Enterprises Inc), Deferred Compensation Plan (Nu Skin Enterprises Inc)

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LIQUIDATION AND INSOLVENCY. In the event the Company must liquidate due to insolvency or events resulting in an act of bankruptcy, or in the event the Company becomes insolvent and is incapable of paying its bills and obligations, then this Amended Agreement shall terminate and shall be considered as fully and completely discharged.

Appears in 2 contracts

Samples: Deferred Compensation Plan (Nu Skin Enterprises Inc), Deferred Compensation Plan (Nu Skin Enterprises Inc)

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