Notwithstanding Paragraph 2 Clause Samples
Notwithstanding Paragraph 2. 5.i, after the Intellectual Property Milestone has been achieved, the terminating Party will be obligated to license the continuing Party under the terminating Party's intellectual property to continue to develop and commercialize the Prototype and Screening System as hereinafter provided. Upon termination by one Party for other than material breach, with the Intellectual Property Milestone having been achieved, the other Party may continue the Program and the terminating Party agrees to enter into negotiations within thirty (30) days of such termination with the other Party over the terms of such license which the terminating Party is obligated to license to the continuing Party under its intellectual property, both background and foreground, on reasonable terms and conditions to make, use and sell Screening Systems substantially conforming to the Screening System which was to be jointly developed.
Notwithstanding Paragraph 2. 01.01, a corporate shareholder that was, but has ceased to be, an Employee’s Corporation may continue to hold the Shares held by it (as at the date it ceased to be an Employee’s Corporation) unless and until such Shares are purchased by PCLEH (or the nominee, if any, appointed pursuant to Article 14.11) under the terms of this Section VI.