Other Restrictions and Obligations Sample Clauses
Other Restrictions and Obligations. The Company agrees that for the period of time from the First Closing Date until the End Date, it will:
(i) not issue any shares of Preferred Stock or any securities or instruments convertible into Preferred Stock;
(ii) not issue any options or rights to purchase stock of the Company to any officer, director, employee, or consultant of the Company unless such options or rights vest equally over a period of thirty-six (36) months or longer; and
(iii) require their officers, directors, employees and consultants to execute and deliver an Employee Proprietary Information and Inventions Agreement substantially in a form of Exhibit E attached hereto.
Other Restrictions and Obligations. (a) Licensee may not use any Licensed Software, Documentation, Methodology, Know-How or Services for any purpose or in any manner that is in violation of any law, regulation, ordinance, or government authority, or in violation or breach of any obligation Licensee or an Authorized User may have to a third-party, and the Licenses do not include any such use.
(b) The Licenses are not for the development, improvement, or design of any other software, product, solution or system. Licensee covenants that the Licensed Software, Methodology, Documentation, and Services and information learned by Licensee and Authorized Users therefrom will not be used for the development, improvement, or design of any other software, product, solution or system.
Other Restrictions and Obligations