No Reversion to the Company Sample Clauses

The "No Reversion to the Company" clause establishes that certain rights, assets, or interests granted or transferred away from the company will not revert back to the company under any circumstances. In practice, this means that once the company has assigned intellectual property, distributed assets, or otherwise relinquished control, it cannot reclaim those rights or assets even if specific conditions change or agreements end. This clause is commonly used to provide certainty to recipients or assignees, ensuring that their ownership or rights are secure and not subject to future claims by the company, thereby preventing disputes and promoting stability in contractual relationships.
No Reversion to the Company. In no event shall any part of the Trust Assets revert to or be distributed to the Company.
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No Reversion to the Company. The Liquidating Trust shall be irrevocable and no part of the Transferred Assets or other Trust Assets shall revert to the Company.
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No Reversion to the Company. In no event shall any part of the Transferred Assets or other Liquidating Trust Assets revert to or be distributed to the Company.
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No Reversion to the Company. The U.S. Distribution Trust shall be irrevocable and no part of the U.S. Distribution Trust Assets shall revert to the Company.
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No Reversion to the Company. The Canada Distribution Trust shall be irrevocable and no part of the Canada Distribution Trust Assets shall revert to the Company.
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Related to No Reversion to the Company

  • Consideration to the Company In consideration of the grant of the Option by the Company, the Participant agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan or this Agreement shall confer upon the Participant any right to continue in the employ or service of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of the Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and the Participant.

  • Confirmation to the Company If acting as sales agent hereunder, the Agent will provide written confirmation to the Company no later than the opening of the Trading Day next following the Trading Day on which it has placed Shares hereunder setting forth the number of shares sold on such Trading Day, the corresponding Sales Price and the Issuance Price payable to the Company in respect thereof.

  • Successors to the Company The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) of all or substantially all of the business and/or assets of the Company or of any division or subsidiary thereof to expressly assume and agree to perform the Company’s obligations under this Agreement in the same manner and to the same extent that the Company would be required to perform them if no such succession had taken place.

  • Notice to the Company The Option shall be exercised in whole or in part by written notice in substantially the form attached hereto as Exhibit A directed to the Company at its principal place of business accompanied by full payment as hereinafter provided of the exercise price for the number of Option Shares specified in the notice.

  • Indemnity by the Company The Company hereby agrees to indemnify and hold harmless Consultant and each person and affiliate associated with Consultant against any and all losses, claims, damages, liabilities and expenses (including reasonable costs of investigation and legal counsel fees), and in addition to any liability the Company may otherwise have, arising out of, related to or based upon any violation of law, rule or regulation by the Company or the Company’s agents, employees, representatives or affiliates.