Common use of No Further Consideration Clause in Contracts

No Further Consideration. Employee acknowledges and agrees that, except as compensated in accordance with Employee’s status as an employee of Company, Employee shall not be entitled to any further or additional compensation in consideration of (i) the assignment by Employee of Employee’s rights in any Inventions and/or Works of Authorship as provided for above in paragraphs 1 (a) and (b), (ii) the licenses (if any) granted to Company as provided for above in paragraph 1(e), (iii) complying with the confidentiality and non-disparagement obligations set forth above in paragraph 2, and (iv) the provision of any services as provided for above in paragraph 1(d); provided, however, that Employee shall be reimbursed for actual out-of-pocket expenses incurred in rendering to Company the services specified in paragraph 1(d).

Appears in 5 contracts

Samples: Employee Proprietary Rights and Confidentiality Agreement (Greenlane Holdings, Inc.), And Confidentiality Agreement (Greenlane Holdings, Inc.), And Confidentiality Agreement

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