CAN Purchase a Release Sample Clauses

CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of [AMOUNT (IN WORDS)] ($[AMOUNT (NUMERICALLY)]) as payment to the Owner.
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CAN Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of US Dollars ($ ) as payment to the Owner.
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CAN Purchase a Release. The Employee has the option, during the Term or any period thereafter, to purchase and waive all liability of the Non-Compete and this Agreement for the sum of $ as payment to the Employer.
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CAN Purchase a Release. The Consultant has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Client.
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CAN Purchase a Release. If the Company or Owner requiring the non-compete agreement to be placed in effect is willing to allow the Recipient to purchase a release from the conditions it places, then the second checkbox statement that is presented in Article V must be selected. After making this selection, you must produce the requirements and cost the Recipient must meet to purchase a release from liability for any non-competition behavior (defined by this agreement) that he or she may or will engage in. VI. Confidential Information (28) Releasing Information. Much of this agreement has focused on the potentially competitive behavior of its Recipient and the control the Owner wishes imposed to prevent the Recipient from contributing to, engaging in, or causing unfair competition on the market. The topic of sensitive information such as the Company or Owner’s intellectual property, trade secrets, proprietary information, and other confidential data should be addressed. If this agreement only pertains to practices and relationships that would cause unfair competition on the market and will not impose any restrictions on the dispersion of the Owner’s information, then select the first statement option.
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CAN Purchase a Release. The Seller has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Buyer.
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Related to CAN Purchase a Release

  • Asset Purchase Agreement (a) Within fifteen (15) business days following PCC's receipt of the Put Notice or FBC's receipt of the Call Notice, as the case may be, FBC and PCC shall enter into the Asset Purchase Agreement in the form of Exhibit A hereto (the "Asset Purchase Agreement"), it being understood that the only change to such form shall be changes, if any, in the information contained in the Schedules thereto and the addition, if any, of Schedules thereto that are reasonably required to reflect events occurring after the date hereof; provided, however, that PCC shall not be required to accept any such change or addition that could reasonably be expected to cause a material adverse change in, or have a material adverse effect on, (i) the Assets to be conveyed to PCC pursuant to the Asset Purchase Agreement, (ii) the conduct of the business or operations of the Station or (iii) the ability of FBC to consummate the transactions contemplated by the Asset Purchase Agreement in accordance with its terms; provided further, however, that PCC shall be required to accept any change or addition of the type described in the preceding proviso if such change or addition results from any action taken (or, if required, not taken) by PCC under the Time Brokerage Agreement. Upon the execution and delivery of the Asset Purchase Agreement, FBC and PCC shall perform their respective obligations thereunder, including, without limitation, filing and prosecuting an appropriate application for FCC consent to the assignment of the FCC Licenses from FBC to PCC (the "FCC Consent"). Except as expressly set forth in the Time Brokerage Agreement or the Asset Purchase Agreement, PCC shall not assume any obligations or liabilities of FBC under any contract, agreement, license, permit or other instrument or arrangement. (b) Notwithstanding Section 3(a) of this Option Agreement, in the event that, at the time of the exercise of the Put Option or the Call Option, as the case may be, the only assets held by FBC are (i) the assets to be conveyed to PCC pursuant to the Asset Purchase Agreement and (ii) the certain similar assets to be sold to Buyer pursuant to a certain Option Agreement bearing even date herewith with respect to Seller's New Orleans Station (as identified in such Option Agreement, the "New Orleans Option"), FBC may, at its election, notify PCC in writing that the transactions contemplated by the Asset Purchase Agreement and the New Orleans Option shall each be reconstituted as a sale to PCC of all of the capital stock of FBC (the "Stock Purchase Election"); provided, however, that FBC shall have no right to exercise the Stock Purchase Election if (i) PCC is unable to treat such purchase of stock as a purchase of assets pursuant to Internal Revenue Code ss. 338(h)(10), or its successor, as the same may be amended from time to time, and (ii) PCC and FBC are unable to agree upon the terms and conditions of, and execute and deliver, a Stock Purchase Agreement within thirty (30) days following PCC's receipt from FBC of written notice of its election to exercise the Stock Purchase Election. If FBC exercises the Stock Purchase Election in accordance with the terms of this Section 3(b), FBC and PCC shall negotiate in good faith the terms of the Stock Purchase Agreement, it being understood that such Stock Purchase Agreement shall be substantially equivalent to the Asset Purchase Agreement except for such modifications and additions thereto that are required to conform the Asset Purchase Agreement to the form of agreement customarily used in connection with a sale of capital stock rather than assets, and it being further understood that neither FBC nor PCC shall be required to accept any term or provision in the Stock Purchase Agreement that would, or could reasonably be expected to, result in any increase or decrease in the consideration payable by PCC under the Asset Purchase Agreement or in the liabilities to be assumed by PCC under the Asset Purchase Agreement.

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