Common use of Right of Clause in Contracts

Right of. Lien Executive shall be issued a UCC 1 which shall be recorded by the company in the amount of Nine Hundred Thousand Dollars ($900,000.00) (collectively, the "Severance Payments") for the purpose of security in the event of default under the provisions of this agreement. Upon payment in full of all shares and money Executive shall release said lien.

Appears in 3 contracts

Samples: Employment Agreement (Divot Golf Corp), Employment Agreement (Divot Golf Corp), Employment Agreement (Divot Golf Corp)

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Right of. Lien Executive shall be issued a UCC 1 which shall be recorded by the company in the amount of Nine Three Hundred Fifty Thousand Dollars ($900,000.00350,000.00) (collectively, the "Severance Payments") for the purpose of security in the event of default under the provisions of this agreement. Upon payment in full of all shares and money Executive shall release said lien.

Appears in 1 contract

Samples: Employment Agreement (Divot Golf Corp)

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Right of. Lien Executive shall be issued a UCC 1 which shall be recorded by the company in the amount of Nine One Million Two Hundred Fifty Thousand Dollars ($900,000.001,250,000.00) (collectively, the "Severance Payments") for the purpose of security in the event of default under the provisions of this agreement. Upon payment in full of all shares and money Executive shall release said lien.

Appears in 1 contract

Samples: Employment Agreement (Divot Golf Corp)

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