Sufficiency of Payment. The Vice President acknowledges that the amounts and benefits contemplated in Section 12 hereof are fair and reasonable and that such amounts cover any and all amounts which may be owing or payable by the Corporation in respect of her employment and the termination thereof, whether as prior notice, compensatory payment in lieu of prior notice, indemnity in lieu of notice of termination, severance pay, vacation, bonus, incentive, allowance, expenses, benefits or contractual or extra-contractual damages pursuant to any provision of law, contract, policy, plan, regulation, decree or practice whatsoever. Except as expressly contemplated in Section 12 and except for any rights which she may have with respect to the indemnification to be provided by the Corporation pursuant to Section 8, whether under its by-laws or otherwise, the Vice President specifically acknowledges and agrees that neither she nor her estate shall be entitled to receive any other or additional amounts from the Corporation upon ceasing to be an employee.
Sufficiency of Payment. The Executive acknowledges that the amounts and benefits contemplated in Sections 13 and 14 hereof are fair and reasonable and that such amounts cover any and all amounts which may be owing or payable by the Corporation in respect of his employment and the termination thereof, whether as prior notice, compensatory payment in lieu of prior notice, indemnity in lieu of notice of termination, severance pay, vacation, bonus, incentive, allowance, expenses, benefits or contractual or extra-contractual damages pursuant to any provision of law, contract, policy, plan, regulation, decree or practice whatsoever. Except as expressly contemplated in Sections 13 and 14 and except for any rights which he may have with respect to the indemnification to be provided by the Corporation pursuant to Section 8, whether under its by-laws or otherwise, the Executive specifically acknowledges and agrees that neither he nor his estate shall be entitled to receive any other or additional amounts from the Corporation upon ceasing to be an employee.
Sufficiency of Payment. Subject to any unpaid charges under any of the Transaction Documents and/or any other obligations or liabilities existing among the selling Shareholder, the other Shareholder and the Corporation as of the closing of the sale transaction described in Section 7.4, the payment to the Affected Shareholder pursuant to this Section 7.4 will be, and will be deemed to be, in complete liquidation and satisfaction of all the rights and interest of the Affected Shareholder (and of all Persons claiming by, through, or under the Affected Shareholder) in and in respect of the Corporation, including any rights against the Corporation and (insofar as the affairs of the Corporation are concerned) against the other Shareholder.
Sufficiency of Payment. Subject to any unpaid charges under any of the JV Documents and/or any other obligations or liabilities existing among the selling Interestholder, the other Interestholder and the Company as of the closing of the transactions described in Section 8.2(b), the payment to the selling Interestholder pursuant to this Section 8.2 will be, and will be deemed to be, in complete liquidation and satisfaction of all the rights and interest of the selling Interestholder (and of all Persons claiming by, through, or under the selling Interestholder) in and in respect of the Company, including any rights against the Company and (insofar as the affairs of the Company are concerned) against the other Interestholder.
Sufficiency of Payment. Subject to any unpaid charges under any of the JV Documents and/or any other obligations or liabilities existing among the selling Interestholder, the other Interestholder and the Company as of the closing of the sale transaction described in Section 8.4, the payment to the Affected Interestholder pursuant to this Section 8.4 will be, and will be deemed to be, in complete liquidation and satisfaction of all the rights and interest of the Affected Interestholder (and of all Persons claiming by, through, or under the Affected Interestholder) in and in respect of the Company, including any rights against the Company and (insofar as the affairs of the Company are concerned) against the other Interestholder.
Sufficiency of Payment. Prior to the ASTV one for twenty reverse stock split, Buyer delivered to Seller 5,000,000 shares of its common stock and a warrant to purchase 1,000,000 shares of Buyer’s common stock at $.35 per share over a five year period.
Sufficiency of Payment. The Sr. Vice President acknowledges that the amounts and benefits contemplated in Sections 11 and 12 hereof are fair and reasonable and that such amounts cover any and all amounts which may be owing or payable by the Corporation in respect of his employment and/or the termination thereof, whether as prior notice, compensatory payment in lieu of prior notice, indemnity in lieu of notice of termination, severance pay, vacation, bonus, incentive, allowance, expenses, benefits or contractual or extra-contractual damages pursuant to any provision of law, contract, policy, plan, regulation, decree or practice whatsoever. Except as expressly contemplated in Sections 11 and 12 and except for any rights which he may have with respect to the indemnification to be provided by the Corporation pursuant to Section 7, whether under its by-laws or otherwise, the Sr. Vice President specifically acknowledges and agrees that neither he nor his estate shall be entitled to receive any other or additional amounts from the Corporation upon ceasing to be an employee.
Sufficiency of Payment
