Examples of Potential Buyer in a sentence
For a 5-year period beginning from the date of the ------------- initial grant specified in Section 6(a) above (the "Initial Grant Date"), on each anniversary date of the Initial Grant Date (the "Annual Automatic Grant Date"), each Non-Employee Director will receive a grant of a Nonqualified Stock Option to purchase 1,000 shares of Company Stock for a total, aggregate grant of 5,000 shares, provided that the Non-Employee Director remains as such on the Annual Automatic Grant Date.
The Potential Buyer understands and acknowledges that failure to act in accordance with the provisions set forth in this Agreement could cause irreparable harm to the Company, and Potential Buyer agrees that the Company is entitled to injunctive relief (or a similar remedy) to seek damages and to specifically enforce the provisions of this Agreement in addition to any other remedy available to it at law or in equity.
Upon the Company’s request, or upon termination of this Agreement or the occurrence of a potential transaction, the Potential Buyer shall promptly return to the Company or destroy all original and copied materials (including electronic format) constituting or containing Confidential Information.
It is the responsibility of the Potential Buyer to stress confidentiality to each representative with whom Confidential Information has been disclosed, and to take all reasonable, necessary and appropriate steps to safeguard the Confidential Information from disclosure.
The Company understands and agrees that the Potential Buyer may be compelled to disclose Confidential Information, information relating to a potential transaction or terms or conditions relating to this Agreement if required by law (subpoena, civil investigative demand or similar legal process).