Common use of Repayment of Gains Clause in Contracts

Repayment of Gains. Xxxxxx and the Corporation agree that the principal purpose of entering into this agreement was to motivate Xxxxxx to contribute to the Corporation's success and to increase the Corporation's value. Xxxxxx and the Corporation also agree that any breach of the covenants set forth in Subsections 4.1, 4.2 and 4.3 above would be contrary to the purpose of this agreement. In the event that Xxxxxx takes any action contrary to any of the covenants set forth in Subsections 4.1, 4.2 and 4.3 above, Xxxxxx shall on demand pay the Corporation an amount equal to the total amount of all cash compensation paid to Xxxxxx under this agreement, whether that cash compensation was paid before or after the time when Xxxxxx takes the contrary action.