RELEASE OF FOREIGN RIGHTS Sample Clauses

RELEASE OF FOREIGN RIGHTS. If, during the course of Executives employment with Company or its Affiliates, Executive may acquire any compensation, retirement, severance or other similar rights or benefits under the laws of a country other than the United States of America, ("Extraterritorial Rights") then the compensation and benefits of this Agreement shall supersede and replace such Extra Territorial Rights to the extent permitted by law. Furthermore, to the extent the Extra Territorial Rights may not be superseded under the applicable law, any payments or benefits under applicable law, any payments or benefits under this Agreement shall be reduced on a dollar for dollar basis for any amounts paid Executive for any Extra Territorial Rights. By entering into this Agreement Executive expressly acknowledges:
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RELEASE OF FOREIGN RIGHTS. If, during the course of Executives employment with Company or its Affiliates, Executive may acquire any compensation, retirement, severance or other similar rights or benefits under the laws of a country other than the United States of America, ("EXTRATERRITORIAL RIGHTS") then the compensation and benefits of this Agreement shall supersede and replace such Extraterritorial Rights to the extent permitted by law. Furthermore, to the extent the Extraterritorial Rights may not be superseded under the applicable law, any payments or benefits under applicable law, shall reduce any payments or benefits under this Agreement on a dollar for dollar basis for any amounts paid Executive for any Extraterritorial Rights. By entering into this Agreement Executive expressly acknowledges:
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RELEASE OF FOREIGN RIGHTS. If, during the course of Employee's employment with Employer or its Affiliates, Employee may acquire any compensation, retirement, severance or other similar rights or benefits under the laws of a country other than the United States of America, ("Extraterritorial Rights") then the compensation and benefits of this Agreement shall supersede and replace such Extraterritorial Rights to the extent permitted by law. Furthermore, to the extent the Extraterritorial Rights may not be superseded under the applicable law, any payments or benefits under applicable law, any payments or benefits under this Agreement shall be reduced on a dollar for dollar basis for any amounts paid Employee for any Extraterritorial Rights. By entering into this Agreement Employee expressly acknowledges:
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Related to RELEASE OF FOREIGN RIGHTS

  • Effect of Forfeiture If Restricted Shares are forfeited, and if the Grantee was required to pay for such shares or acquired such Restricted Shares upon the exercise of an Option, the Grantee shall be deemed to have resold such Restricted Shares to the Company at a price equal to the lesser of (x) the amount paid by the Grantee for such Restricted Shares, or (y) the Fair Market Value of a Share on the date of such forfeiture. The Company shall pay to the Grantee the deemed sale price as soon as is administratively practical. Such Restricted Shares shall cease to be outstanding and shall no longer confer on the Grantee thereof any rights as a stockholder of the Company, from and after the date of the event causing the forfeiture, whether or not the Grantee accepts the Company’s tender of payment for such Restricted Shares.

  • REGISTRATION OF FOREIGN SECURITIES The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

  • Effect of Force Majeure No Party shall be liable for any loss or damage that arises directly or indirectly through or as a result of any delay in the fulfilment of or failure to fulfil its obligations in whole or in part (other than the payment of money as may be owed by a Party) under this Agreement where the delay or failure is due to Force Majeure. The obligations of the Party affected by the event of Force Majeure (the "AFFECTED PARTY") shall be suspended, to the extent that those obligations are affected by the event of Force Majeure, from the date the Affected Party first gives notice in respect of that event of Force Majeure until cessation of that event of Force Majeure (or the consequences thereof).

  • Certificate of Formation The execution of the Certificate of Formation and the filing thereof in the office of the Secretary of State of the State of Delaware are hereby ratified, confirmed and approved.

  • Forfeiture of Founder Shares To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time.

  • DEFINITION OF "FOR CAUSE For purposes of Section 6.1, the phrase "

  • NOTICE OF FORMAL PROCEEDINGS The Trust, MFS, and the Company agree that each such party shall promptly notify the other parties to this Agreement, in writing, of the institution of any formal proceedings brought against such party or its designees by the NASD, the SEC, or any insurance department or any other regulatory body regarding such party's duties under this Agreement or related to the sale of the Policies, the operation of the Accounts, or the purchase of the Shares.

  • Expiration of Restrictions and Risk of Forfeiture Unless otherwise provided in Section 7 below, the restrictions on the Restricted Stock Units granted pursuant to this Agreement, including the Forfeiture Restrictions, will expire on September 30, 2014, and shares of Stock that are nonforfeitable and transferable will be issued to you in payment of your vested Restricted Stock Units as set forth in Section 5, provided that you remain in the continuous employ of, or a service provider to, the Company or its Subsidiaries until September 30, 2014.

  • Cancellation of Founder Shares Upon the earlier to occur of the expiration or termination of the Underwriters’ over-allotment option, the Company shall cancel or otherwise effect the forfeiture of Founder Shares from the Sponsor in an aggregate amount equal to the number of Founder Shares determined by multiplying (a) 750,000 by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of Optional Securities purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,000,000. For the avoidance of doubt, if the Underwriters exercise their over-allotment option in full, the Company shall not cancel or otherwise effect the forfeiture of any of the Founder Shares pursuant to this subsection.

  • DEFINITION OF "FOR GOOD REASON For purposes of Section 6, the phrase “for good reason” means: (a) the Employer’s material breach of this Agreement; or (b) a material reduction in Executive’s position, duties and responsibilities from those described in Section 2.3 of this Agreement.

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