Prior Period Clause Samples
The "Prior Period" clause defines how information, obligations, or rights relating to a previous accounting or contractual period are treated under the agreement. Typically, this clause clarifies whether actions, liabilities, or entitlements that originated before the current period remain enforceable or are subject to specific limitations. For example, it may specify how adjustments, corrections, or claims for earlier periods are handled in financial statements or contractual settlements. Its core function is to ensure clarity and prevent disputes regarding the treatment of past events or obligations, thereby allocating responsibility for prior period matters.
Prior Period. 25 Prospectus......................................................... 25
Prior Period. 38 TABLE OF CONTENTS (continued) Prospectus....................................................................................39
Prior Period. 48 TABLE OF CONTENTS (CONTINUED) PAGE
Prior Period. 42 -ix- TABLE OF CONTENTS (CONTINUED) PAGE Pro Rata Allocation .......................................... 42
Prior Period. Executive hereby confirms that prior to the Effective Date she was employed by the parent company of the Company, Varonis Systems, Inc. ("Parent"), from as of July 21, 2013 and until August 20, 2015 ("Relocation Period"), and by the Company from as of October 1, 2010 and until July 20, 2013 ("Prior Period"). Accordingly, Executive hereby represents and warrants that she has received from the Company and the Parent (respectively) all and any payments and benefits due to her with respect to the Relocation Period and the Prior Period and their termination. In addition, Executive acknowledges that other than with respect to options and RSUs granted during the Prior Period and Relocation Period, the commencement date for the calculation of her seniority in the Company, for the purpose of all rights and benefits owed to Executive under this Agreement, shall commence only as of the Effective Date and not otherwise, and that the terms and conditions of her employment with the Company are exclusively and in all respects settled and determined under this Agreement.
Prior Period. 42 Pro Rata Allocation...........................................................................42 Prospectus....................................................................................42