Sale of Subsidiaries. Upon the sale of the stock or substantially all of the assets of any subsidiary of the Company, which is approved by the Board, such subsidiary shall be automatically released from its obligations hereunder and shall not be considered as having any continuing liability for the obligations hereunder, and Executive shall be released from his obligations to such subsidiary hereunder.
Appears in 6 contracts
Samples: Employment Agreement (Propell Technologies Group, Inc.), Employment Agreement (Propell Technologies Group, Inc.), Employment Agreement (Propell Technologies Group, Inc.)
