Common use of The Consequences Clause in Contracts

The Consequences. The consequences of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations can be severe. The following are examples under U.S. law applicable to the Company: For individuals who trade on inside information (or tip information to others): · a civil penalty of up to three times the profit gained or loss avoided; · a criminal fine (no matter how small the profit) of up to $5 million; and · a jail term of up to twenty years. For a company (as well as possibly any supervisory person) that fails to take appropriate steps to prevent illegal trading:

Appears in 2 contracts

Sources: Employment Agreement (BioLineRx Ltd.), Employment Agreement (BioLineRx Ltd.)

The Consequences. The consequences of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations can be severe. The following are examples under U.S. law applicable to the Company: For individuals who trade on inside information (or tip information to others): · a civil penalty of up to three times the profit gained or loss avoided; · a criminal fine (no matter how small the profit) of up to $5 million; and · a jail term of up to twenty years. For a company (as well as possibly any supervisory person) that fails to take appropriate steps to prevent illegal trading:;

Appears in 2 contracts

Sources: Employment Agreement (BioLineRx Ltd.), Consulting Agreement (BioLineRx Ltd.)

The Consequences. The consequences of i▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations can be severe. The following are examples under U.S. law applicable to the Company: For individuals who trade on inside information (or tip information to others): · a civil penalty of up to three times the profit gained or loss avoided; · a criminal fine (no matter how small the profit) of up to $5 million; and · a jail term of up to twenty years. For a company (as well as possibly any supervisory person) that fails to take appropriate steps to prevent illegal trading:

Appears in 1 contract

Sources: Employment Agreement (BioLineRx Ltd.)

The Consequences. The consequences of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ violations can be severe. The following are examples under U.S. law applicable to the Companystaggering: For individuals who trade on inside information (or tip information to others): · a . A civil penalty of up to three times the profit gained or loss avoided; · a criminal fine (no matter how small the profit) of up to $5 million; and · a jail term of up to twenty years. For a company (as well as possibly any supervisory person) that fails to take appropriate steps to prevent illegal trading:;

Appears in 1 contract

Sources: Employment Contract (Sport Chalet Inc)