Common use of Waiver of Restrictions Clause in Contracts

Waiver of Restrictions. RCC may waive the restrictions on Employee imposed in Section 12 at any time. In the event of such waiver: (i) RCC shall not be obligated to make any further monthly payments pursuant to Section 12(e); and (ii) any payment due pursuant to Section 12(e) at the expiration of the period stated in Section 12(a) shall be prorated and paid at the time of the waiver.

Waiver of Restrictions. RCC may waive the restrictions on Employee imposed in Section 12 at any time. In the event of such waiver: (i) RCC shall not be obligated to make any further monthly payments pursuant to Section 12(e); ) and (ii) any payment due pursuant to Section 12(e) at the expiration of the period stated in Section 12(a) shall be prorated and paid at the time of the waiver.