Common use of PRIOR NOTICE; OPPORTUNITY TO CURE Clause in Contracts

PRIOR NOTICE; OPPORTUNITY TO CURE. (a) Michxxx xxxll give the Company written notice at least twenty (20) Business Days before entering into any relationship or transaction, or engaging in any activity, or taking or omitting to take any action, which might reasonably be deemed a breach of any provision of Section 2.2 or Section 2.3, such notice to include full and complete particulars as to the proposed relationship, transaction, activity, action or omission, the services or duties contemplated and such other facts and circumstances as are reasonably necessary for the Company to make an informed decision. The Company shall advise Michxxx xx writing, within ten (10) Business Days after such notice is given, of the Board of Directors' determination as to whether such relationship, transaction, activity, action or omission would materially breach any of the provisions of Section 2.2 or Section 2.3. In the event that, for reasons not within his control, Michxxx xxxes the Company less than twenty (20) Business Days' prior written notice, the Company will endeavor in good faith to advise Michxxx xx the Board of Directors' determination in less than ten (10) Business Days after such notice is given, provided that the Company's failure to advise Michxxx xx less than ten (10) Business Days shall not be deemed to constitute consent to such

Appears in 1 contract

Samples: Option Agreement (CMP Media Inc)

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PRIOR NOTICE; OPPORTUNITY TO CURE. (a) Michxxx Ken xxxll give the Company written notice at least twenty (20) Business Days before entering into any relationship or transaction, or engaging in any activity, or taking or omitting to take any action, which might reasonably be deemed a breach of any provision of Section 2.2 or Section 2.3, such notice to include full and complete particulars as to the proposed relationship, transaction, activity, action or omission, the services or duties contemplated and such other facts and circumstances as are reasonably necessary for the Company to make an informed decision. The Company shall advise Michxxx Ken xx writing, within ten (10) Business Days after such notice is given, of the Board of Directors' determination as to whether such relationship, transaction, activity, action or omission would materially breach any of the provisions of Section 2.2 or Section 2.3. In the event that, for reasons not within his control, Michxxx Ken xxxes the Company less than twenty (20) Business Days' prior written notice, the Company will endeavor in good faith to advise Michxxx Ken xx the Board of Directors' determination in less than ten (10) Business Days after such notice is given, provided that the Company's failure to advise Michxxx Ken xx less than ten (10) Business Days shall not be deemed to constitute consent to suchsuch relationship, transaction, activity, action or omission and shall not give rise to any liability of the Company to Ken xx to any third party.

Appears in 1 contract

Samples: Option Agreement (CMP Media Inc)

PRIOR NOTICE; OPPORTUNITY TO CURE. (a) Michxxx Ken xxxll give the Company written notice at least twenty (20) Business Days before entering into any relationship relationship, transaction or transactionbusiness, or engaging in any activity, or taking or omitting to take any action, which might reasonably be deemed a breach of any provision of Section 2.2 3.2 or Section 2.33.3, such notice to include full and complete particulars as to the proposed relationship, transaction, activity, action or omission, the services or duties contemplated and such other facts and circumstances as are reasonably necessary for the Company to make an informed decision. The Company shall advise Michxxx Ken xx writing, within ten (10) Business Days after such notice is given, of the Board of Directors' determination as to whether such relationship, transaction, business, activity, action or omission would materially breach any of the provisions of Section 2.2 3.2 or Section 2.33.3. In the event that, for reasons not within his control, Michxxx Ken xxxes the Company less than twenty (20) Business Days' prior written notice, the Company will endeavor in good faith to advise Michxxx Ken xx the Board of Directors' determination in less than ten (10) Business Days after such notice is given, provided that the Company's failure to advise Michxxx Ken xx less than ten (10) Business Days shall not be deemed to constitute consent to suchconstitute

Appears in 1 contract

Samples: Employment Agreement (CMP Media Inc)

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PRIOR NOTICE; OPPORTUNITY TO CURE. (a) Michxxx xxxll give the Company written notice at least twenty (20) Business Days before entering into any relationship relationship, transaction or transactionbusiness, or engaging in any activity, or taking or omitting to take any action, which might reasonably be deemed a breach of any provision of Section 2.2 3.2 or Section 2.33.3, such notice to include full and complete particulars as to the proposed relationship, transaction, activity, action or omission, the services or duties contemplated and such other facts and circumstances as are reasonably necessary for the Company to make an informed decision. The Company shall advise Michxxx xx writing, within ten (10) Business Days after such notice is given, of the Board of Directors' determination as to whether such relationship, transaction, business, activity, action or omission would materially breach any of the provisions of Section 2.2 3.2 or Section 2.33.3. In the event that, for reasons not within his control, Michxxx xxxes the Company less than twenty (20) Business Days' prior written notice, the Company will endeavor in good faith to advise Michxxx xx the Board of Directors' determination in less than ten (10) Business Days after such notice is given, provided that the Company's failure to advise Michxxx xx less than ten (10) Business Days shall not be deemed to constitute consent to suchsuch relationship, transaction, business, activity, action or omission and shall not give rise to any liability of the Company to Michxxx xx to any third party.

Appears in 1 contract

Samples: Employment Agreement (CMP Media Inc)

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