Examples of Related Individual in a sentence
Each Shareholder and Related Individual acknowledges that a breach or threatened breach by such Shareholder or Related Individual of any provision of this Article Eleven may result in the Corporation and the other Shareholders suffering irreparable harm which cannot be calculated or fully or adequately compensated by recovery of damages alone.
Each Shareholder acknowledges that the obligations contained in this Article are not in substitution for any obligations which such Shareholder and Related Individual may now or hereafter owe to the Corporation or any Shareholder and which exist apart from this Article and do not replace any rights of the Corporation or any Shareholder with respect to any such obligation.
Accordingly, each Shareholder and Related Individual agrees that the Corporation and any other Shareholder shall be entitled to seek interim and permanent injunctive relief, specific performance and other equitable remedies, in addition to any other relief to which the Corporation or any other Shareholder may become entitled.
A Shareholder shall not be entitled to deliver a First Refusal Notice during the period from the date on which a Triggering Event with respect to such Shareholder, his Related Individual or any of his Related Shareholders has occurred or an event has occurred which, with notice or lapse of time or both, would constitute such a Triggering Event, in each case to the date which is 30 days thereafter.
For the avoidance of doubt, in the event any Shares of Restricted Stock are held by or transferred to a Related Trust, the provisions of this Section 5(c) shall be applicable, mutatis mutandis, to any Shares of Restricted Stock held by such Related Trust upon the termination of employment of any Related Individual or upon any Related Individual’s engagement in a Competitive Activity, as applicable.