Settlement of Rights Sample Clauses

Settlement of Rights. By this Agreement, the Employer is providing the Employee with new rights that were not previously in existence. In exchange for the foregoing and the additional terms agreed to in this Agreement, as well as the terms set forth in the Employment Agreement by and between the Employer and the Employee, the Employee agrees that (i) he or she is being provided with access to Confidential Information, specialized training, and the Employer’s goodwill with its customers and other persons, to which he or she has not previously had access, (ii) all goodwill developed with the Employer’s clients, customers, and other business contacts by the Employee during past employment with the Employer are the exclusive property of the Employer, and (iii) the Confidential Information and specialized training received by the Employee during any past employment with the Employer will be used only for the benefit of the Employer. The Employee waives and releases any claim that he or she should be able to use, for the benefit of any competing person or entity, client, and customer goodwill, specialized training, or Confidential Information that was previously received or developed by the Employee while working for the Employer.
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Settlement of Rights. The Executive agrees that (i) all goodwill developed with the Company’s clients, customers, and other business contacts by the Executive during past employment with the Company are the exclusive property of the Company, and (ii) the Confidential Information and specialized training received by the Executive during any past employment with the Company will be used only for the benefit of the Company.
Sample 1
Settlement of Rights. By this Agreement, Employer is providing the Employee with rights that the Employee did not previously have. In exchange for the foregoing and the additional terms agreed to in this Agreement, if the Employee is an existing employee of Employer, Employee agrees that (a) he is being provided with access to Confidential Information, specialized training and Employer’s goodwill with its customers and other persons, to which he has not previously had access; (b) all goodwill developed with Employer’s clients, customers and other business contacts by the Employee during past employment with Employer are the exclusive property of Employer, and (c) the Confidential Information and specialized training received by the Employee during past employment with Employer will be used only for the benefit of Employer. The Employee waives and releases any claim that he should be able to use, for the benefit of any competing person or entity, client and customer goodwill, specialized training, or Confidential Information, that was previously received or developed by the Employee while working for Employer.]
Sample 1
Settlement of Rights. By this Agreement, the Company is providing the Executive with rights that the Executive did not previously have. In exchange for the foregoing and the additional terms agreed to in this Agreement, Executive agrees that (i) Executive is being provided with access to confidential information, specialized training and the Company’s goodwill with its customers and other persons, to which Executive has not previously had access, (ii) all goodwill developed with the Company’s clients, customers and other business contacts by the Executive during past employment with the Company are the exclusive property of Company, and (iii) the confidential information and specialized training received by the Executive during past employment with the Company will be used only for the benefit of the Company. The Executive waives and releases any claim that Executive should be able to use, for the benefit of any competing person or entity, client and customer goodwill, specialized training, or confidential information that was previously received or developed by the Executive while working for the Company.
Sample 1
Settlement of Rights. By this Agreement, the Parent is providing the Executive with new rights that were not previously in existence. In exchange for the foregoing and the additional terms agreed to in this Agreement, the Executive agrees that (i) he or she is being provided with access to Confidential Information, specialized training, and the Company Group’s goodwill and access to customers and other persons, to which he or she has not previously had access, (ii) all goodwill developed with the clients, customers, and other business contacts of any member of the Company Group by the Executive during past employment with the Parent or any other member of the Company Group are the exclusive property of the Company Group, and (iii) the Confidential Information and specialized training received by the Executive during any past employment with the Parent or any other member of the Company Group will be used only for the benefit of the Company Group. The Executive waives and releases any claim that he or she should be able to use, for himself or herself, or for the benefit of any competing Person or entity, client or customer goodwill, specialized training, or Confidential Information that was previously received or developed by the Executive while working for the Parent or any other member of the Company Group.
Sample 1

Related to Settlement of Rights

  • Amendment of Rights Any provision of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the parties hereto (and/or any of their permitted successors or assigns).

  • Impairment of Rights The Trust shall not take any action, or fail to take any action, if such action or failure to take action may interfere with the enforcement of any rights under the Transaction Documents that are material to the rights, benefits or obligations of the Indenture Trustee, the Noteholders or Financial Security.

  • Reversion of Rights Notwithstanding anything to the contrary set forth herein (including, but not limited to, Section 5 hereof), full responsibility for Prosecution of the Patent Rights shall, at the option of CSMC (exercisable in its sole and absolute discretion), and at its sole expense from the date of reversion, revert to CSMC upon any termination of this Agreement.

  • Exercise of Rights; Separation of Rights (a) Subject to Sections 3.1, 5.1 and 5.10 and subject to adjustment as herein set forth, each Right will entitle the holder thereof, after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price, one one-hundredth of a share of Preferred Stock.

  • Lapse of Rights If the Depositary is unable to make any rights available to Holders upon the terms described in Section 4.4(a) hereof or to arrange for the sale of the rights upon the terms described in Section 4.4(b) hereof, the Depositary shall allow such rights to lapse. The Depositary shall not be responsible for (i) any failure to determine that it may be lawful or practicable to make such rights available to Holders in general or any Holders in particular, (ii) any foreign exchange exposure or loss incurred in connection with such sale or exercise or (iii) the content of any materials forwarded to the Holders on behalf of the Company in connection with the rights distribution. Notwithstanding anything to the contrary in this Section 4.4, if registration (under the Securities Act or any other applicable law) of the rights or the securities to which any rights relate may be required in order for the Company to offer such rights or such securities to Holders and to sell the securities represented by such rights, the Depositary will not distribute such rights to the Holders (i) unless and until a registration statement under the Securities Act covering such offering is in effect or (ii) unless the Company furnishes at its expense the Depositary with opinion(s) of counsel for the Company in the United States and counsel to the Company in any other applicable country in which rights would be distributed, in each case satisfactory to the Depositary, to the effect that the offering and sale of such securities to Holders and Beneficial Owners are exempt from, or do not require registration under, the provisions of the Securities Act or any other applicable laws. In the event that the Company, the Depositary or the Custodian shall be required to withhold and does withhold from any distribution of property (including rights) an amount on account of taxes and/or other governmental charges, the amount distributed to the Holders shall be reduced accordingly. In the event that the Depositary determines that any distribution in property (including Shares and rights to subscribe therefor) is subject to any tax or other governmental charges which the Depositary is obligated to withhold, the Depositary may dispose of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner, including by public or private sale, as the Depositary deems necessary and practicable to pay any such taxes and/or charges. There can be no assurance that Holders generally, or any Holder in particular, will be given the opportunity to exercise rights on the same terms and conditions as the holders of Shares or be able to exercise such rights. Nothing herein shall obligate the Company to file any registration statement in respect of any rights or Shares or other securities to be acquired upon the exercise of such rights or otherwise to register or qualify the offer or sale of such rights or securities under the applicable law of any other jurisdiction for any purpose.

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Acknowledgement of Rights The Company acknowledges that, with respect to any Securities held by Firstar Capital Trust or a trustee of such trust, if the Property Trustee of such Trust fails to enforce its rights under this Indenture as the holder of the Securities held 71 81 as the assets of Firstar Capital Trust any holder of Capital Securities may institute legal proceedings directly against the Company to enforce such Property Trustee's rights under this Indenture without first instituting any legal proceedings against such Property Trustee or any other person or entity. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and such event is attributable to the failure of the Company to pay principal of or premium, if any, or interest on the Securities when due, the Company acknowledges that a holder of Capital Securities may directly institute a proceeding for enforcement of payment to such holder of the principal of or premium, if any, or interest on the Securities having a principal amount equal to the aggregate liquidation amount of the Capital Securities of such holder on or after the respective due date specified in the Securities.

  • Agreement of Right Holders Every holder of a Right, by accepting the same, consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

  • Retention of Rights Nothing in this Agreement limits in any way the rights of Buyer and its Affiliates in and to Buyer Marks, including without limitation (A) all rights of ownership in and to Buyer Marks, including the right to license or transfer the same, and, (B) the unimpaired right to use and to license others to use Buyer Marks in connection with manufacturing, marketing, distribution, sale, service, maintenance, repair, or provision of any products or services whether within or without the Territory.

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