Common use of Stay of Time Clause in Contracts

Stay of Time. In the event a court of competent jurisdiction or other Person mutually selected by the parties to resolve any dispute (collectively a "Court") has determined that Stockholder has violated the provisions of this Agreement, the running of the time period of such provisions so violated shall be automatically suspended as of the date of such violation and shall be extended for the period of time from the date such violation commenced through the date that the Court determines that such violation has permanently ceased.

Appears in 3 contracts

Samples: Noncompetition Agreement, Noncompetition Agreement (Cadence Design Systems Inc), Noncompetition Agreement (Dave & Busters Inc)

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Stay of Time. In the event a court of competent jurisdiction or other Person entity or person mutually selected by the parties to resolve any dispute (collectively a "Court") has determined that Stockholder Shareholder has violated the provisions of this Agreement, the running of the time period of such provisions so violated shall be automatically suspended as of the date of such violation and shall be extended for the period of time from the date such violation commenced through the date that the Court determines that such violation has permanently ceased.

Appears in 1 contract

Samples: Noncompetition Agreement (Intel Corp)

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