RELEASEE Sample Clauses

RELEASEE. Releasee shall retain beneficial ownership of One Hundred Seven Thousand (107,000) Shares ("Xxxxxxx Shares") of Common Stock in BVRI, to be held in his name or another name as his nominee. In addition, Releasee agrees that he shall voluntarily enter into a Restrictive Covenant imposed upon Eighty Thousand (80,000) Shares of the Xxxxxxx Shares, whereby Eighty Thousand (80,000) Shares shall be restricted from assignment to any party for a period of two (2) years from the Execution Date of this Agreement. After the expiration of two years, the Company shall provide a written release to Releasee, or to Releasee's respective attorney, in order to remove this Restrictive Legend from the Xxxxxxx Shares. (See EXHIBIT "C", attached hereto and incorporated herein by reference as though set forth in full herein, for a full description of the Restrictive Covenant.) The remaining Xxxxxxx Shares equal to Twenty-seven Thousand (27,000) Shares shall be subject to Rule 144 of the Securities Act /S/ initals /S/ initals of 1933, as amended (the "Act"). Furthermore, all of the Xxxxxxx Shares shall be subject to the Company's Reverse Split which was effective on or about December 31, 1999, which shall reduce the number of the aforementioned Xxxxxxx Shares to Ten Thousand Seven Hundred (10,700) Shares, of which Eight Thousand (8,000) Shares would be subject to the aforementioned two-year restriction and Two Thousand Seven Hundred (2,700) Shares would be subject to Rule 144 of the Act.
Sample 1
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RELEASEE. Mortgage Industry Consultants, LLC, a New York limited liability company, having its principal office at 00 Xxxxxxx Xxxxx, New City, New York 10956 and Montvale Management, LLC, a Delaware limited liability company, having its principal office at Xxx Xxxxxxx Xxxxx, Xxxxx 000, Xxxxxxxx, Xxx Xxxxxx 00000 (collectively, the "Releasee").
Sample 1
RELEASEE. Traffix, Inc., a Delaware corporation, having its principal office at Xxx Xxxx Xxxx Xxxxx, Xxxxx Xxxxx, Xxx Xxxx 00000 (the "Releasee").
Sample 1
RELEASEE. Releasee is a governmental entity charged with providing water, sewer, waste removal, and fire and emergency services to the Sundance Area of Utah County, Utah.
Sample 1

Related to RELEASEE

  • Released Parties The term “Released Parties,” as used in this Release, shall mean the Company Group and any of its past or present employees, administrators, agents, officials, officers, directors, shareholders, divisions, parents, subsidiaries, successors, affiliates, general partners, limited partners, consultants, employee benefit plans (and their sponsors, fiduciaries, or administrators), insurers, accountants and attorneys.

  • Covenant Not to Sue a. To the fullest extent permitted by law, at no time subsequent to the execution of this Agreement will you pursue, or cause or knowingly permit the prosecution, in any state, federal or foreign court, or before any local, state, federal or foreign administrative agency, or any other tribunal, of any charge, claim or action of any kind, nature and character whatsoever, known or unknown, which you may now have, have ever had, or may in the future have against Releasees, which is based in whole or in part on any matter released by this Agreement.

  • Indemnified Person If an Indemnified Person is entitled to indemnification under this Section 14 as a result of a claim by a third party, and the indemnifying Interconnection Party fails, after notice and reasonable opportunity to proceed under Section 14.2 of this Appendix 2, to assume the defense of such claim, such Indemnified Person may at the expense of the indemnifying Interconnection Party contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.

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