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Common use of No Severance Payments Clause in Contracts

No Severance Payments. No Shareholders shall be entitled to severance or change of control payments by VRCL as a result of this Agreement being performed.

Appears in 2 contracts

Sources: Asset Purchase and Share Exchange Agreement (Golden Global Corp.), Asset Purchase and Share Exchange Agreement (Golden Global Corp.)

Related Clauses

  • Severance Payments
  • Severance Payment
  • Lump Sum Severance Payment
  • Severance Payments and Benefits
  • Severance Pay

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES OF SELLER
  • Rights Upon Termination
  • REPRESENTATIONS AND WARRANTIES OF SELLERS
  • CONDITIONS TO THE MERGER
  • DEFINITIONS

Sub-Clauses

  • Further Assurances
  • Governing Law
  • Notices
  • GLOBAL Closing Documents
  • Public Notices
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