Cognex. Software is not authorized, licensed, designed, or intended for use in, and Licensee shall not permit the use of Cognex Software in, any (i) nuclear equipment, (ii) aviation or aerospace equipment, or air traffic control, navigation or communication equipment, (iii) weaponry, (iv) medical devices or systems intended for life support, intensive care or surgical implant into the human body, or (v) Life- Critical (as defined below) devices or systems (each a “Prohibited Use”), except with Cognex’s prior written consent. The prohibitions of the preceding sentence also apply to the design, manufacture, construction, operation and maintenance activities associated with any Prohibited Use. “Life-Critical” devices or systems are defined as those (a) whose failure or malfunction may result in death or serious injury to people or environmental harm posing a serious risk to human health and safety or (b) which are designed to lose less than one life per billion hours of operation. Cognex disclaims any liability in connection with any Prohibited Use by Licensee, intermediary customers or end users, and any such Prohibited Use engaged in by a party contrary to this provision shall be entirely at such party’s risk.
Cognex terminates his employment with Cognex for Cause, then Cognex shall not owe, and shall not be required to pay, to Hoffmaster any Additional Consideration for (a) his entering intx xxxx Xxxeement, or for (b) the promises and general release of claims contained herein, or for (c) Hoffmaster's continued compliance with the terms of Section 4.0 of the Xxxxxyee Agreement.
Cognex hereby waives the six-month holding period, which is stated in Hoffmaster's stock option agreement(s).
Cognex agrees to proxxxx xxxxxxxtrative assistance to Hoffmaster in performing a cashless exercise of his stock optxxxx.
Cognex. Cognex hereby agrees that all its officers, employees, directors, agents, administrators or representatives will, unless required by law. keep the terms of this Agreement confidential.
Cognex agrees to provide Hoffmaster an interest free loan in the amount of Two Hundred Thxxxxxx Xxxlars ($200 000.00) ("Loan Amount") payable by Cognex within ten (10) business days of the later of: a) Hoffmaster's signing of all the agreements required by Cognex as x xxxxxxxxx of his becoming an employee as defined in Cognex's Offer Letter dated May 22nd, 2001, or b) Hoffmaster's first day of full time, paid employment at Cognex.
