Term of Restriction. (a) Subject to the forfeiture provisions of Paragraph 4 of this Agreement, the Restrictions shall lapse (i) with respect to half of the Shares Subject to Restrictions on the earlier of (x) February 21, 2012 if the Employee is an employee of the Corporation on February 21, 2012, unless the Employee’s cessation of employment was due to the Employee’s death, disability or Retirement (as defined below), or (y) as soon after the completion of the audit of the Corporation for the 2009 fiscal year as it may be determined that the Performance Criteria have been attained and (ii) with respect to half of the Shares Subject to Restrictions, as soon after the completion of the audit of the Corporation for the 2009 fiscal year as it may be determined that the Performance Criteria have been. With respect to the half of the Shares Subject to Restrictions subject only to the Performance Criteria, if the Corporation does not attain the Performance Criteria on or before the three year measurement period ending December 31, 2009, such half of the Shares Subject to Restrictions shall be forfeited immediately upon the completion of that three-year measurement period.
Term of Restriction. The restrictions, obligations and duties set forth in this Restriction shall run with the Premises in perpetuity from the date on which this Restriction is recorded with the Essex South District Registry of Deeds (the “Term”) and shall inure to the benefit of the Commission and all parties claiming by, through or under the Commission and shall bind the Grantor and all parties claiming by, through or under the Grantor. The rights hereby granted to the Commission constitute the right of the Commission to enforce this Preservation Restriction Agreement during the Term. The Grantor hereby covenants for itself to stand seized and hold title to the Premises subject to the terms of this Restriction during the Term. This Restriction shall extend to and be binding upon Grantor and Grantee, their respective successors in interest and all persons hereafter claiming under or through Grantor and Grantee during the Term, and the words “Grantor”, “Grantee” when used herein shall include all such persons. Any right, title, or interest herein granted to Grantee also shall be deemed granted to each successor and assign of Grantee and each such following successor and assign thereof, and the word “Grantee” shall include all such successors and assigns. Anything contained herein to the contrary notwithstanding, the owner of the Property shall have no obligation pursuant to this instrument where such owner shall cease to have any ownership interest in the Property by reason of a bona fide transfer. The restrictions, stipulations and covenants contained in this Restriction shall be inserted by Grantor, verbatim or by express reference, in any subsequent deed or other legal instrument by which Grantor divests itself of either the fee simple title to or any lesser estate in the Property or any part thereof, including by way of example and not limitation, a lease of all or a portion of the Property. Notwithstanding anything to the contrary contained herein it is expressly agreed that upon the Grantor divesting itself of its title to the Premises its obligations pursuant to this Restriction shall cease and such obligations shall become the obligations of the Grantor’s successor(s) in interest.
Term of Restriction. (a) Subject to the forfeiture provisions of Paragraph 4 of this Agreement, the Restrictions shall lapse with respect to the Deferred Salary on the December 31, 2011 if (i) the Employee is an employee of the Corporation or a consultant to the Corporation on December 31, 2011, if a business day and, if not a business day, on the business day next preceding December 31, 2011 and (ii) the Committee determines the Performance Criteria for 2011 will have been met.
Term of Restriction. Subject to the KORA, each party's obligations under this Section 4 shall remain in effect during the term of this Agreement and for a period of two (2) years after its termination for any reason, except with respect to information considered or deemed to be a trade secret under applicable law for which each party's obligations of confidentiality will remain in effect for so long as such information continues to constitute a trade secret under applicable law.
Term of Restriction. The terms and conditions set forth in this Agreement shall run with the land and shall bind Owner and all successors, heirs, grantees and assigns, both voluntary and involuntary. Except as otherwise noted in Section 11 of this Agreement, the terms of this Agreement shall be made part of each deed subsequently recorded and shall bind each successor in interest for a period of thirty (30) years from the date of the recordation of the deed restriction.
Term of Restriction. This restriction shall be binding upon the CONTRACTOR for «Term» years <or in perpetuity if acquisition >from the date of the recording of this instrument.
Term of Restriction. The obligations of the Receiving Party under this Agreement with respect to each item of Confidential Information that is subject to the nondisclosure and non-use provisions set forth above shall extend for a period of [***] from the date of initial disclosure to the Disclosing Party of such item; provided, however, that with respect to information provided (a) which constitutes chemical structures; or (b) which is in written form under this Agreement and specifically identified by the Disclosing Party as trade secret information, the Receiving Party’s obligations shall extend thereafter until such information no longer constitutes a trade secret under Applicable Laws.
Term of Restriction. ARTICLE X
Term of Restriction. This Covenant shall be effective and binding during the Control Period, and thereafter for the Post-Control Period, and as provided in Section VI.D., except as otherwise specifically provided herein. Notwithstanding the foregoing, any and all claims of the City available hereunder against the Owner personally shall survive any release or termination of this Covenant.
Term of Restriction. Employee’s non-disclosure obligations under this Agreement shall be and remain in full force and effect throughout the course of the parties’ employment relationship and thereafter (a) for so long as applicable federal or state law prohibits or restricts disclosure of the information, (b) for so long as the information remains subject to the attorney-client privilege and/or the work product doctrine, or (c) for two years following termination of the parties’ employment relationship, whichever period is longer.
