Common use of EMPLOYEE INTEREST Clause in Contracts

EMPLOYEE INTEREST. 22.1 Seller represents to Buyer that Seller has not given and will not give, directly or indirectly, anything of value to any employee or other representative of Buyer with the view of securing this Agreement or obtaining favorable treatment with respect to the performance of this Agreement. If such representation is untrue, or becomes untrue, Buyer shall have the right to declare this Agreement null and void or to terminate it, to ▇▇▇ for damages and to take such other action as may be provided by law. If Seller obtains knowledge at any time that any such employee has a direct or indirect interest in Seller or its affiliates, (excluding routine purchases in the open market by such employee of securities issued by Seller or its parent corporations) it will immediately inform Buyer of such fact. August 31, 1995

EMPLOYEE INTEREST. 22.1 Seller SELLER represents to Buyer BUYER that Seller SELLER has not given and will not give, directly or indirectly, anything of value to any employee or other representative of Buyer BUYER with the view of securing this Agreement or obtaining favorable treatment with respect to the performance of this Agreement. If such representation is untrue, or becomes untrue, Buyer BUYER shall have the right to declare this Agreement null and void or to terminate it, to ▇▇▇ for damages and to take such other action as may be provided by law. If Seller SELLER obtains knowledge at any time that any such employee has a direct or indirect interest in Seller SELLER or its affiliates, (excluding routine purchases in the open market by such employee of securities issued by Seller SELLER or its parent corporations) ), it will immediately inform Buyer BUYER of such fact. August 31, 1995.