Common use of Other Stipulation Clause in Contracts

Other Stipulation. In the event that CONTINENTAL is dissolved or otherwise becomes inactive, the residual commissions and royalty payments revert to the three principals as follows: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ - 20%, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ - 40%, and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ - 40%.

Appears in 2 contracts

Sources: Purchase Agreement (Seychelle Environmental Technologies Inc /Ca), Purchase Agreement (Seychelle Environmental Technologies Inc /Ca)