No abrogation of existing rights Sample Clauses

The "No abrogation of existing rights" clause ensures that the agreement does not revoke, diminish, or interfere with any rights or entitlements that parties already possess prior to entering into the contract. In practice, this means that any statutory, contractual, or common law rights held by a party remain intact and are not overridden by the new agreement. For example, if a party has pre-existing intellectual property rights or regulatory protections, those rights continue to apply regardless of the new contract's terms. The core function of this clause is to preserve the legal status quo, preventing the contract from unintentionally stripping parties of their established rights.
No abrogation of existing rights. No amendment will be made under Rule 1.9.1 which would adversely and materially affect the existing rights of a Participant unless it is made with his written consent or by a resolution passed as if the Awards affected constituted a separate class of share capital and the provisions of the Articles of Association of the Company and of the Companies ▇▇▇ ▇▇▇▇ relating to class meetings (with the necessary amendments) applied to that class.
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Related to No abrogation of existing rights

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Ratification of Existing Agreements All existing Dual Enrollment agreements between the TRUSTEES and the Private School are hereby modified to conform to the terms of this agreement and the appendices of this document.

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Target Company or any of its Subsidiaries shall be terminated as of the Closing Date. After such date neither the Target Company nor any of its Subsidiaries or Representatives shall have any further rights or liabilities thereunder.

  • No Violation of Existing Agreements Neither the Borrower nor any ----------------------------------- Subsidiary of the Borrower is in violation of any material agreement or instrument to which it is party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound;

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.