Common use of Obligations to Related Parties Clause in Contracts

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract (other than as relates to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own up to 5% of the capital stock in of publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, to the knowledge of the Company, interested in any Applicable Contract contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial StatementsStatements or Schedule 5.8, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation, other than its subsidiaries.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None Except as set forth in the Schedule of Exceptions none of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements. None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company. Except as described above, none of the officers, directors or, to the best of the Company's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock other than passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the Company. No Except as described above, no officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract (other than as relates to material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own up to 5% of the capital stock in of publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, to the knowledge of the Company, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation, other than its subsidiaries listed in the Schedule of Exceptions.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of No officer, director or, to the officers, directors or shareholders best of the Company's knowledge, stockholder, or any members member of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No such officer, director or shareholderstockholder, or any member of their immediate families, families is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officersany officer, directorsdirector, shareholders shareholder, or employees employee of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officersNo officer, directors director or shareholders shareholder of the Company, or nor any members member of any of their immediate families, are is indebted to the Company or have has any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or nor any member of any of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of current salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ’s ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There Except as set forth on the Schedule of Exceptions, there are no obligations of the Company to officersowners, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, Company (except that officers, directors and/or shareholders as a holder of securities of a publicly traded company to the extent of not more than two percent (2%) of the Company may own stock in publicly traded companies which may compete with the Companyissued and outstanding securities of such corporation). No officer, director or shareholder, stockholder or any member of their immediate families, families is, directly or indirectly, interested in any Applicable Contract (other than as relates to any such person's ownership of capital stock or other securities of material contract with the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of current salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of or otherwise provides credit enhancement to any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ’s ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of current salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of or otherwise provides credit enhancement to any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of No officer, director or, to the officers, directors or shareholders best of the Company’s knowledge, key employees, stockholders, or any members member of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No such officer, director or shareholderstockholder, or any member of their immediate families, families is, directly or indirectly, interested in any Applicable Contract material contract with the Company (other than such contracts as relates relate to any such person's ’s ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.