Common use of Training Regarding Trio Source Code Clause in Contracts

Training Regarding Trio Source Code. Company shall provide ----------------------------------- training to ▇▇▇▇▇▇▇.▇▇▇ engineers during a sixty-day period (the "Training Period") to be specified by ▇▇▇▇▇▇▇.▇▇▇, but in no event shall the Training Period extend beyond three (3) months after the expiration of the Option Period. The training shall consist of up to four (4) eight (8) hour days and four (4) four (4) hour days of training to be provided on dates during the Training Period to be mutually agreed by the parties; such agreement shall not be unreasonably withheld. ▇▇▇▇▇▇▇.▇▇▇ shall pay to Company the sum of ninety thousand dollars (US $90,000) for this training. Training shall be provided on- site at ▇▇▇▇▇▇▇.▇▇▇'s facilities and there shall be no limit to the number of Employees entitled to participate in such training. Such payment shall be made within twenty (20) days after commencement of the Training Period but in any event no later than the end of the Option Period. The training fee shall become non-refundable and non-recoupable upon receipt by Company, and the training shall be deemed complete three (3) months after expiration of the Option Period or, in the event ▇▇▇▇▇▇▇.▇▇▇ elects not to exercise the Option to Purchase, the expiration of the Option Period.

Appears in 1 contract

Sources: Sale and License Agreement (Support Com Inc)

Training Regarding Trio Source Code. Company shall provide ----------------------------------- training to ▇▇▇▇▇▇▇.▇▇▇ engineers during a sixty-day period (the "Training Period") to be specified by ▇▇▇▇▇▇▇.▇▇▇, but in no event shall the Training Period extend beyond three (3) months after the expiration of the Option Period. The training shall consist of up to four (4) eight (8) hour days and four (4) four (4) hour days of training to be provided on dates during the Training Period to be mutually agreed by the parties; such agreement shall not be unreasonably withheld. ▇▇▇▇▇▇▇.▇▇▇ shall pay to Company the sum of ninety thousand *** dollars (US $90,000***) for this training. Training shall be provided on- on-site at ▇▇▇▇▇▇▇.▇▇▇'s facilities and there shall be no limit to the number of Employees entitled to participate in such training. Such payment shall be made within twenty (20) days after commencement of the Training Period but in any event no later than the end of the Option Period. The training fee shall become non-refundable and non-non- recoupable upon receipt by Company, and the training shall be deemed complete three (3) months after expiration of the Option Period or, in the event ▇▇▇▇▇▇▇.▇▇▇ elects not to exercise the Option to Purchase, the expiration of the Option Period.

Appears in 1 contract

Sources: Sale and License Agreement (Support Com Inc)