Ownership Covenant. During the Term (as defined below), the Executive agrees to maintain an ownership position in the common stock of ANC in an amount equal to no less than one (1.0) times the Base Salary (as defined below) of the Executive. Share amounts are to be maintained on an adjusted basis for any subsequent stock dividends or splits. The Bank shall not provide any financing to the Executive for the purpose of purchasing or carrying this investment. The Executive shall have three (3) years from the Effective Date and from the date of any subsequent increase in Base Salary to acquire the shares of common stock of ANC needed to attain the required level of stock ownership.
Ownership Covenant. For so long as this Agreement remains in effect, the Executive agrees to maintain an ownership position in the common stock of the Employer in an amount equal to no less than the lesser of two and a half (2.5) times the initial Base Salary ($875,000) of the Executive as set forth below or fifty thousand (50,000) shares. As of the Effective Date, the applicable ownership requirement is 50,000 shares. Share amounts are to be maintained on an adjusted basis for any subsequent stock dividends or splits. The Employer shall not provide any financing to the Executive for the purpose of purchasing or carrying this investment.
Ownership Covenant. Grantor covenants that it is the owner of the above described lands and is legally capable of granting and is authorized to grant, the Easement.
Ownership Covenant. Subject to the licenses granted to Termxx xxxein, the Simplex Licensed Technology and all intellectual property rights associated therewith are and shall remain the exclusive property of Simplex. As between the parties hereto and subject to the licenses granted to Simplex herein, the Termxx Xxxensed Technology and all intellectual property rights associated therewith are and shall remain the exclusive property of Termxx xxx Simplex shall own all rights, title and interest in all improvements of, modifications to or derivative works based on the Termxx Xxxensed Technology made by or for Simplex.
Ownership Covenant. We are and will be the sole owner of all right, title and interest, including all the Intellectual Property Rights, in and to the Licensed Technology, and all modifications, enhancements, updates, upgrades and derivative works thereof made by or for us. Subject to Atheros’ ownership in the Licensed Technology, you will be the sole owner of all right, title and interest, including all the Intellectual Property Rights, in and to Your Software and Your Documentation, and all derivative works thereof made by or for you. You irrevocably covenant and agree that you will, and that you will take all commercially reasonable steps to, require that any permitted transferee of your right, title and interest in and to any of Your Software (each a “Transferee”) does, not assert, commence, assist, advise or prosecute any claim, action or proceeding of any kind, against us, or any of our licensees or transferees or any sublicensee of any of the foregoing, alleging that the reproduction, modification, display, performance, use, sale, offer to sell, importation, distribution or other exploitation of any of our products or software, or of any derivative work or modified version thereof, infringes or violates any of your or your Transferee’s Intellectual Property Rights in Your Software; and you hereby irrevocably and unconditionally waive your right to assert, commence or prosecute any such claim, action or proceeding.
Ownership Covenant. We are and will be the sole owner of all right, title and interest, including all the Intellectual Property Rights, in and to the Licensed Technology, and all modifications, enhancements, updates, upgrades and derivative works thereof made by or for us. Subject to Atheros’ ownership in the Licensed Technology, you will be the sole owner of all right, title and interest, including all the Intellectual Property Rights, in and to Your Software and Your Documentation, and all derivative works thereof made by or for you. You irrevocably covenant and agree that you, and any permitted transferee of your right, title and interest in and to any of Your Software (each a “Transferee”), will not assert, commence, assist, advise or prosecute any claim, action or proceeding of any kind, against us, or any of our licensees or transferees or any sublicensee of any of the foregoing, alleging that the reproduction, modification, display, performance, use, sale, offer to sell, importation, distribution or other exploitation of any of our products or software, or of any derivative work or modified version thereof, infringes or violates any of your or your Transferee’s Intellectual Property Rights in Your Software; and you hereby irrevocably and unconditionally waive your right to assert, commence or prosecute any such claim, action or proceeding.
Ownership Covenant. Grantor covenants to City that Grantor is lawfully seized in fee simple of the above-granted premises, subject only to those encumbrances of public record, and that Grantor and their heirs and personal representatives shall warrant and forever defend the said premises and every part thereof to City against the lawful claims and demands of all persons claiming by, though, or under Grantor. DATED THIS ______ DAY OF _____________________, 2022. XXXXXX.XXX SERVICES LLC, a Delaware limited liability company By: Name: ______________________________ Title: _______________________________ STATE OF WASHINGTON COUNTY OF KING This record was acknowledged before me on _________________ __, 2022 by ___________________________________ as ____________________ of Xxxxxx.xxx Services LLC. (Signature of notary public) (Title of office) My Commission Expires: (Date) (Stamp) CITY OF XXXXXXXX 000 Xxxxxxxxxx Xxxxxx Woodburn, OR 97071 __________________________________ (City’s Name and Address) By Signature below, the City of Woodburn, Oregon Approves and Accepts this Conveyance Pursuant to ORS 93.808. City Recorder: _____________________________________ By:__________________________________ {00177840;3} PUBLIC UTILITY EASEMENT AGREEMENT [WATER]
Ownership Covenant. All files, records, compilations, reports, studies, manuals, memoranda, notebooks, documents, databases, correspondence, and other confidential information or records and similar items relating to the Business of Bay Finance, whether prepared by Kahn or otherwise coming into his possession, are, and shall remain, the exclusive property of Bay Finance, and shall be promptly delivered up to Bay Finance upon the request of Bay Finance.
Ownership Covenant. For so long as this Agreement remains in effect, the Executive agrees to maintain an ownership position in the common stock of the Employer in the following amounts:
Ownership Covenant. Frost hereby agrees that at no time shall he, and/or his affiliates, directly or indirectly, beneficially own more than 4.9% of the then outstanding voting securities of Ladenburg (the “Threshold”) or otherwise control Ladenburg. Frost shall advise Ladenburg in writing of any purchase or sale of voting securities of Ladenburg by Frost or any of his affiliates within three business days thereafter. Prior to Ladenburg’s making any purchases of its voting securities that would result in Frost and his affiliates beneficially owning more than the Threshold, Ladenburg shall give the Sellers seven calendar days’ prior notice of such purchase transaction, and Sellers agree that they will either (a) enter into an agreement to sell an amount of Ladenburg voting securities to Ladenburg sufficient by the date of such purchase transaction or (b) otherwise dispose of an amount of Ladenburg voting securities by the date of such purchase transaction, in each case to ensure that their beneficial ownership is below the Threshold. The term “affiliate” as used in this Section 6 shall mean, with respect to a specified person, another person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the specified person. The term “control” shall mean the possession, direct or indirect, of the power to direct or cause the direction of or exercise a controlling influence over the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise.
