Examples of Par Agreement in a sentence
Optimer shall be responsible for any payments to any other Third Parties for Patents or Information licensed or acquired by Optimer prior to the Effective Date, which are included in the Licensed Technology including, without limitation, any payments to PAR under the PAR Agreement.
Prior to the execution of this Agreement PAR, Partner and Optimer have executed the PAR Tripartite Agreement by which PAR confirms that the rights granted to Optimer under the PAR Agreement shall be transferred directly to Partner in the event that the PAR Agreement terminates for any reason or that Optimer ceases to exist for any reason.
Partner further acknowledges that certain rights granted by Optimer to Partner under Section 2.1 with respect to the Licensed Technology were transferred from PAR to Optimer, or licensed by PAR to Optimer, pursuant to the PAR Agreement, and that such rights are granted subject to, and Partner (on behalf of itself and its Sublicensees) agrees to be bound by, all applicable terms and conditions of the PAR Agreement.
A Participant must first enter into a PAR Agreement and, in addition if required by the Committee on a case-by-case basis in its discretion, a Protection Agreement (which, at the election of the Committee, may be a separate agreement or be included in the PAR Agreement), as a condition precedent to being granted a PAR Award.
In the event of termination for death, Disability, retirement, or Change in Control, a PAR may be paid only as determined by the Committee and provided in the PAR Agreement.
The number of PARs to be awarded to any Participant, the initial stipulated DV of a PAR, the vesting schedule, if any, for a PAR Award, and the other terms and conditions of the PAR Award, shall be determined by the Committee, in its discretion, and set out in the PAR Agreement.
Any titles or headings in this /s/ PAR PAR Agreement are for convenience only and shall have no bearing on any interpretation of this Agreement.
Any Sublicense shall be in writing and, with the exception of the financial terms, on substantially the same terms as this Agreement and, to the extent such Sublicense grants a sublicense of the rights licensed to Optimer under the PAR Agreement, shall be consistent with the terms of the PAR Agreement.
Conflicts with Plan In the event of any inconsistency or conflict between the terms of the Plan and a PAR Agreement, the terms of the Plan shall govern.
Any Sublicense shall be in writing and, with the exception of the financial terms, on substantially the same terms as this Agreement, except that the Sublicensee shall not have the right to further sublicense, and, to the extent such Sublicense grants a sublicense of the rights licensed to Optimer under the PAR Agreement, shall be consistent with the terms of the PAR Agreement.