Termination of Restrictive Covenants. In addition to any other right or remedy available to Executive, Executive shall no longer be bound by any of the restrictions set forth in this Section 6 if the Company fails to pay or to provide Executive when due the amounts and benefits due hereunder or under any agreement ancillary hereto, and Executive’s pursuit of such remedy shall not relieve the Company from its obligations to pay and to provide such amounts and benefits to Executive.
Termination of Restrictive Covenants. Notwithstanding anything to the contrary contained herein, if this Agreement is terminated pursuant to Section 10.2 herein, the employment agreement term contained in this Section 9 shall be null and void and of no force or effect.
Termination of Restrictive Covenants. Notwithstanding anything to the contrary contained herein, if this Agreement is terminated pursuant to Section 10.2 herein, the restrictive covenants contained in this Section 9 shall be null and void and of no force or effect.
Termination of Restrictive Covenants. In addition to any other right or remedy available to Green, Green shall no longer be bound by any of the restrictions set forth in this Section 6 if the Company fails to pay or to provide Green when due the amounts and benefits due hereunder or under any agreement ancillary hereto, and Green’s pursuit of such remedy shall not relieve the Company from its obligations to pay and to provide such amounts and benefits to Green.
Termination of Restrictive Covenants. At such time as the debt from the Buyer to the Seller (as reflected in the SEC Filings, as defined below) as well as any additional debt from the Buyer to the Seller, is satisfied, all restrictive covenants in this Agreement shall be terminated and the Series A Preferred Stock may converted into an equal number of common stock of the Buyer.
Termination of Restrictive Covenants. The restrictive covenants set forth in Section 13(b)(i) and 13(b)(ii) hereof shall expire if a Payment Event of Default (defined below) occurs under the Guaranty dated August , 1999 by Block in favor of McGladrey (the “Guaranty”). For purposes of this Section, a “Payment Event of Default” shall be deemed to occur if (i) any undisputed Guaranteed Obligation (as defined in the Guaranty) is not timely paid by RSM McGladrey when due and owing and (ii) Block fails to pay the amount of any such Guaranteed Obligation (provided that RSM McGladrey’s nonpayment then exists and is continuing) within thirty (30) days after delivery of written notice thereof to Block pursuant to the notice provisions of the Guaranty. Any expiration of such restrictive covenants pursuant to this Section shall not, however, act or be deemed to work on or effect any expiration, termination, waiver, forfeiture, or release of such restrictive covenants or in any way affect their enforcement for any period prior to the occurrence of the applicable Payment Event of Default.
Termination of Restrictive Covenants. The Seller acknowledges and agrees that, from and after the Effective Date, Xxxxx and Xxxxxxx Xxxxxx (“Xxxxxx”) are no longer subject to or bound by the restrictive covenants set forth in Sections 6.2(a) and 6.2(b) of the Prior Purchase Agreement, nor is Xxxxxx subject to or bound by the restrictive covenant set forth in Section 3(a) of that certain Employment Agreement dated December 20, 2019 between Seller and Xxxxxx.
Termination of Restrictive Covenants. In the event of a winding-up, dissolution or general cessation of business by the Company, or the Company’s failure to make the severance payments provided under Section 4(b) hereunder which continues uncured for more than 90 days, the covenants set forth in Sections 7, 8 and 9 shall automatically terminate.
Termination of Restrictive Covenants. Notwithstanding the provisions of Section 6.1 and 6.2 herein, if Employer pursuant to Section 9.3 or Employee pursuant to Section 9.2 terminates this Agreement, Employee will not be subject to the terms and conditions contained in Sections 6.1 and 6.
Termination of Restrictive Covenants. In addition to any other right or remedy available to Xxxxx, Xxxxx shall no longer be bound by any of the restrictions set forth in this Section 6 if the Company fails to pay or to provide Xxxxx when due the amounts and benefits due hereunder or under any agreement ancillary hereto, and Xxxxx’ pursuit of such remedy shall not relieve the Company from its obligations to pay and to provide such amounts and benefits to Xxxxx.
