Common use of Condition Subsequent Clause in Contracts

Condition Subsequent. This Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position of director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies on the Allotment Date.

Appears in 19 contracts

Sources: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Group Corp), Agreement Concerning Allocation of the Stock Acquisition Rights (Sony Group Corp), Stock Acquisition Rights Agreement (Sony Group Corp)

Condition Subsequent. This Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position of director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies on the Allotment Date.

Appears in 19 contracts

Sources: Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp)