Release and Compliance with Obligations Sample Clauses

Release and Compliance with Obligations. Notwithstanding any other provision of this Agreement, EDXC shall have no obligation to pay or provide, and the Executive shall have no right to receive, the Post-termination Payments unless the Executive first executes, and does not revoke, the Release and unless the Executive complies with his obligations under Section 7 of this Agreement.
Sample 1
AutoNDA by SimpleDocs
Release and Compliance with Obligations. In order to be eligible for any payments, benefits or acceleration of vesting of Options or restricted stock as set forth in Sections 3.2.1, 3.2.2 or 3.2.3, (i) Executive must execute and deliver to Company a general release, in a form reasonably satisfactory to Company, and (ii) as determined by the Company's Board of Directors, must be and remain in compliance in all material respects with his material obligations under this Agreement, including without limitation those set forth in Section 5. In the event the Company's Board of Directors determines, after a full investigation with notice to Executive, that Executive has materially breached his material obligations hereunder, including those in Section 5, any and all payments or benefits provided for in this Section shall cease immediately.
Sample 1
Release and Compliance with Obligations. In order to be eligible for any acceleration of vesting of Options or Shares as set forth in Section 4.1 or the cash benefit as set forth in Section 4.2, Executive must (i) execute and deliver to Company a general release, in a form satisfactory to Company, and (ii) as determined by the Board of Directors be and remain in full compliance with his material obligations under this Agreement, including without limitation those set forth in Section 5. In the event that the Board of Directors determines after a full investigation, with notice to Executive, that Executive has breached his material obligations under Section 5, any and all payments or benefits provided for in this Section shall cease immediately.
Sample 1

Related to Release and Compliance with Obligations

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Performance and Compliance with Collateral The Borrower will, at the Borrower’s expense, timely and fully perform and comply (or, by exercising its rights thereunder, cause the Seller to perform and comply pursuant to the Sale Agreement) with all provisions, covenants and other promises required to be observed by it under the Collateral, the Transaction Documents and all other agreements related to such Collateral.

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Compliance with Conditions All of the terms, covenants, conditions and obligations of this Agreement and each other Transaction Document required to be complied with and performed by Seller on or prior to the Closing Date shall have been duly complied with and performed in all material respects.

  • Compliance with Plan This Option is subject to, and the Company and the Holder agree to be bound by, all of the terms and conditions of the Plan as it shall be amended from time to time, which are incorporated herein by reference. No amendment to the Plan shall adversely affect this Option without the consent of the Holder. In the case of a conflict between the terms of the Plan and this Option, the terms of the Plan shall govern.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Use and Compliance With Laws 8 6. TENANT IMPROVEMENTS & ALTERATIONS.................................. 11 7.

  • Compliance with Instruments The execution, delivery and performance of this Agreement and the Escrow Agreement, the compliance with the terms and provisions hereof and the consummation of the transactions contemplated herein, therein and in the Registration Statement and Prospectus by the Company, do not and will not violate or constitute a breach of, or default under (i) the memorandum or articles of association of the Company; (ii) any of the material terms, provisions, or conditions of any material instrument, agreement, or indenture to which the Company is a party or by which it is bound or by which its business, assets, investments or properties may be affected; or (iii) any order, statute, rule, or regulation applicable to the Company, or any of its business, investments, assets or properties, of any court or (to the knowledge of the Company) any governmental authority or agency having jurisdiction over the Company, or any of its business, investments, properties or assets; and to the knowledge of the Company do not and will not result in the creation or imposition of any lien, charge, claim, or encumbrance upon any property or asset of the Company.

  • Compliance with Leases (i) Make all payments and otherwise perform all material obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled (except, in the case of the Borrower and Subsidiaries of the Borrower only, if in the reasonable business judgment of such Subsidiary it is in its best economic interest not to maintain such lease or prevent such lapse, termination, forfeiture or cancellation and such failure to maintain such lease or prevent such lapse, termination, forfeiture or cancellation is not in respect of a Qualifying Ground Lease or an Operating Lease of an Unencumbered Asset and could not otherwise reasonably be expected to result in a Material Adverse Effect), notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so.

  • Compliance with Agreements and Conditions Buyer shall have performed and complied with all material agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or on the Closing Date.

Time is Money Join Law Insider Premium to draft better contracts faster.