Examples of Competitive event in a sentence
The Company shall have the right, exercisable at any time within sixty (60) days following actual knowledge of the Competitive Event by the Committee, to repurchase any or all of the Participant’s vested Option Shares and vested Bonus Shares for cash in an amount equal to the original purchase price thereof.
In the event of a Transition Period (defined in Paragraph 10(f)(i), below) or Competitive Event Transition Period (defined in Paragraph 10(f)(ii), below), all terms and conditions of this Agreement shall continue in full force and effect for the duration of such Transition Period or Competitive Event Transition Period, unless such Transition Period or Competitive Event Transition Period is terminated earlier as provided below.
Termination or expiration of this Agreement shall terminate all then-effective licenses granted to Client under this Agreement, unless a Transition Period (defined in Paragraph 10(f)(i), below) or Competitive Event Transition Period (defined in Paragraph 10(f)(ii) below) comes into effect, in which case such licenses shall terminate upon the termination or expiration of such Transition Period or Competitive Event Transition Period.