Repurchase Restrictions. Notwithstanding anything to the contrary ----------------------- contained in this Agreement, all repurchases of Executive Securities by Holdings shall be subject to applicable restrictions contained in the General Corporate Law of the State of Delaware. If any such restrictions prohibit the repurchase of the Executive Securities hereunder which Holdings is otherwise entitled or required to make, Holdings may make such repurchases as soon as it is permitted to do so under such restrictions.
Appears in 3 contracts
Samples: Employment Agreement (College Television Network Inc), Employment Agreement (College Television Network Inc), Employment Agreement (College Television Network Inc)
Repurchase Restrictions. Notwithstanding anything to the contrary ----------------------- contained in this Agreement, all repurchases of Executive Securities by Holdings shall be subject to applicable restrictions contained in the General Corporate Law of the State of Delaware. If any such restrictions prohibit the repurchase of the Executive Securities hereunder which Holdings is otherwise entitled or required to make, Holdings may make such repurchases as soon as it is permitted to do so under such restrictions.
Appears in 2 contracts
Samples: Employment Agreement (CTN Media Group Inc), Employment Agreement (CTN Media Group Inc)
Repurchase Restrictions. Notwithstanding anything to the contrary ----------------------- contained in this Agreement, all repurchases of Executive Securities Management Units by Holdings shall be subject to applicable restrictions contained in the General Corporate Law of the State of Delaware. If any such restrictions prohibit the repurchase of the Executive Securities Management Units hereunder which Holdings is otherwise entitled or required to make, Holdings may make such repurchases as soon as it is permitted to do so under such restrictions.
Appears in 2 contracts
Samples: Consulting and Equity Purchase Agreement (College Television Network Inc), Employment and Equity Purchase Agreement (College Television Network Inc)
Repurchase Restrictions. Notwithstanding anything to the contrary ----------------------- contained in this Agreement, all repurchases of Unvested Executive Securities by Holdings shall be subject to applicable restrictions contained in the General Corporate Law of the State of Delaware. If any such restrictions prohibit the repurchase of the Unvested Executive Securities hereunder which Holdings is otherwise entitled or required to make, Holdings may make such repurchases as soon as it is permitted to do so under such restrictions.
Appears in 1 contract
Samples: Employment Agreement (College Television Network Inc)
