Compliance with Material Terms Sample Clauses
The 'Compliance with Material Terms' clause requires parties to adhere strictly to the most significant obligations outlined in an agreement. In practice, this means that failure to comply with these key provisions—such as payment terms, confidentiality, or delivery requirements—can be considered a serious breach, potentially triggering remedies like termination or damages. This clause ensures that the essential elements of the contract are respected, thereby protecting the interests of both parties and providing a clear standard for evaluating breaches.
Compliance with Material Terms. Receipt of the Severance Benefit is further conditioned on Executive not being in violation of any material term of this Agreement, including, without limitation, the restricted covenants in Section 9, or in violation of any material term of the Separation Agreement. If Executive violates any material term of this Agreement or the Separation Agreement, the Company may immediately stop paying the Severance Benefit and will have no further payment obligations.
Compliance with Material Terms. Receipt of the Change in Control Benefit is further conditioned on Executive not being in violation of any material term of this Agreement or in violation of any material term of the Separation Agreement.