Modification and Waiver Contract Clauses (3,596)

Grouped Into 44 Collections of Similar Clauses From Business Contracts

This page contains Modification and Waiver clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Modification and Waiver. Except as provided in Section 18 hereof with respect to changes in applicable law which broaden or narrow the right of the Independent Director to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No delay in exercise or non-exercise by the Company of any right under this Agreement shall operate as a current or future waiver by it as to its same or different rights under this Agreem...ent or otherwise. 7 21. NOTICES. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date en which it is so mailed: If to Independent Director, to: Ms. Yu Jiaxin, Kingkey 100, Block B, Floor 14, No.5016, Shennan East Road, Luohu District, Shenzhen, Guangdong, China. If to the Company, to: Hong Zhida, CEO, Addentax Group Corp. of Floor 13th, Building 1, Block B, Zhihui Square, Nanshan District, Shenzhen City, China 518000, or to such other address as may have been furnished in the same manner by any party to the others. View More
Modification and Waiver. Except as provided in Section 18 hereof with respect to changes in applicable law which broaden or narrow the right of the Independent Director to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No delay in exercise or non-exercise by the Company of any right under this Agreement shall operate as a current or future waiver by it as to its same or different rights under this Agreem...ent or otherwise. 7 21. NOTICES. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date en which it is so mailed: If to Independent Director, to: Ms. Yu Jiaxin, Kingkey 100, Block B, Floor 14, No.5016, Shennan East Ng Chung Chi, 8A, The Brand, 101 Tai Tong Road, Luohu District, Shenzhen, Guangdong, China. Yuen Long, Hong Kong. If to the Company, to: Hong Zhida, CEO, Addentax Group Corp. of Floor 13th, Building 1, Block B, Zhihui Square, Nanshan District, Shenzhen City, China 518000, or to such other address as may have been furnished in the same manner by any party to the others. View More
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Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.16. Notice By the Indemnitee. the Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any su...mmons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company.17. Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent: (a) To the Indemnitee at the address set forth below the Indemnitee signature hereto. To the Company at: Linn Energy, LLCJP Morgan Chase Tower600 Travis, Suite 5100Houston, TX 77002Fax: 281-840-4180Attention: Senior Vice President and General Counselcripley@linnenergy.comor to such other address as may have been furnished to the Indemnitee by the Company or to the Company by the Indemnitee, as the case may be.18. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 12 19. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.20. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. View More
Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.16. Notice By the Indemnitee. the NOTICE BY INDEMNITEE. Indemnitee agrees to promptly to notify the Company in writing upon being served with or o...therwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company.17. Notices. NOTICES. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) (i) upon personal delivery to the party to be notified, (b) notified; (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) day; (iii) five (5) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid, prepaid; or (d) (iv) one business (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All notices and other communications shall be sent: (a) To the Indemnitee at the address set forth below the Indemnitee Indemnitee's signature hereto. To (b)To the Company at: Linn Energy, LLCJP Morgan Chase Tower600 Travis, at:Mitek Systems, Inc.600 B Street, Suite 5100Houston, TX 77002Fax: 281-840-4180Attention: Senior Vice President and General Counselcripley@linnenergy.comor 100San Diego, CA 92101Attention: Board of Directors or to such other address as may have been furnished to the Indemnitee by the Company or to the Company by the Indemnitee, as the case may be.18. Counterparts. HEADINGS. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 19. GOVERNING LAW. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules 20. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof21. COUNTERPARTS. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature (or other similar electronic means) and in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 12 19. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.20. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. View More
Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.16. Notice By the Indemnitee. the NOTICE BY INDEMNITEE. Indemnitee agrees to promptly to notify the Company in writing upon being served with or o...therwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company.17. Notices. NOTICES. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) (i) upon personal delivery to the party to be notified, (b) notified; (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) day; (iii) five (5) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid, prepaid; or (d) (iv) one business (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All notices and other communications shall be sent: (a) (bb) To the Indemnitee at the address set forth below the Indemnitee Indemnitee's signature hereto. To hereto;(cc)To the Company at: Linn Energy, LLCJP Morgan Chase Tower600 Travis, Suite 5100Houston, TX 77002Fax: 281-840-4180Attention: Senior Vice President and General Counselcripley@linnenergy.comor at:Accelrys, Inc.10188 Telesis CourtSan Diego, CA 92121Attention: Board of Directors or to such other address as may have been furnished to the Indemnitee by the Company or to the Company by the Indemnitee, as the case may be.18. Counterparts. HEADINGS. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 19. GOVERNING LAW. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules.20. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof, and is in furtherance of and is a supplement to any indemnification rights contained in the Company's Certificate of Incorporation or its Bylaws. Exhibit 10.41 COUNTERPARTS. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature (or other similar electronic means) and in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 12 19. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.20. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. View More
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Modification and Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the Company and (i) Purchasers holding Warrants representing at least a majority of the number of Exercise Shares then issuable upon exercise of the Warrants sold in the Offering, provided, however, that such modification, amendment or waiver is made with respect to all Warrants issued in the Offering and does not adversely affect the Holder without adversely affectin...g all holders of Warrants in a similar manner; or (ii) the Holder. View More
Modification and Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the Company and either (i) Purchasers holding Warrants representing at least a majority 75% of the number of Exercise Shares then issuable upon exercise of the all Warrants sold in pursuant to the Offering, Purchase Agreement, provided, however, that such modification, amendment or waiver is made with respect to all Warrants issued in the Offering and does not adverse...ly affect the Holder without adversely affecting in a manner different than all other holders of Warrants in a similar manner; Warrants; or (ii) the Holder. View More
Modification and Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the Company and (i) Purchasers holding Warrants representing at least a majority 80% of the number of Exercise Shares then issuable upon exercise of the Warrants sold in the Offering, provided, however, that such modification, amendment or waiver is made with respect to all Warrants issued in the Offering and does not adversely affect the Holder without adversely affe...cting all holders of Warrants in a similar manner; manner, provided, further, that no such modification, amendment or waiver shall be made to Section 3.4 without the written consent of Baupost; or (ii) the Holder. View More
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Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 11 20. NOTICES. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered... by hand and receipted for by the party to whom said notice or other communication shall have been directed on such delivery, or (ii) mailed by certified or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is so mailed: (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to the Company. (b) If to the Company, to: FG Merger Corp. 105 S. Maple Street Itasca, Illinois 60143 Attention: M. Wesley Schrader, Chief Executive Officer With a copy, which shall not constitute notice, to Loeb & Loeb LLP 345 Park Avenue New York, New York 10174 Attn: Mitchell S. Nussbaum Giovanni Caruso or to any other address as may have been furnished to Indemnitee in writing by the Company. View More
Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 11 20. NOTICES. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered... by hand and receipted for by the party to whom said notice or other communication shall have been directed on such delivery, or (ii) mailed by certified or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is so mailed: (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to the Company. (b) If to the Company, to: FG Merger Corp. Aldel Financial Inc. 105 S. Maple Street Itasca, Illinois 60143 Attention: M. Wesley Schrader, Robert I. Kauffman, Chief Executive Officer With a copy, which shall not constitute notice, to Loeb & Loeb LLP 345 Park Avenue New York, New York 10174 Attn: Mitchell S. Nussbaum Giovanni Caruso or to any other address as may have been furnished to Indemnitee in writing by the Company. View More
Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 11 20. NOTICES. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered... by hand and receipted for by the party to whom said notice or other communication shall have been directed on such delivery, or (ii) mailed by certified or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is so mailed: (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to the Company. (b) If to the Company, to: FG Merger New America Acquisition II Corp. 105 S. Maple Street Itasca, Illinois 60143 Attention: M. Wesley Schrader, Larry G. Swets, Jr., Chief Executive Officer With a copy, which shall not constitute notice, to Loeb & Loeb LLP 345 Park Avenue New York, New York 10174 Attn: Mitchell S. Nussbaum Giovanni Caruso or to any other address as may have been furnished to Indemnitee in writing by the Company. View More
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Modification and Waiver. (a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate onl...y as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 5 9.Severability. If, for any reason, any provision of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part thereof shall to the full extent consistent with law continue in full force and effect. View More
Modification and Waiver. (a) Amendment of Agreement. This Agreement may not be modified or amended except by an instrument in writing writing, signed by the parties hereto. hereto, and which specifically refers to this Agreement. (b) Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be dee...med a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 5 9.Severability. If, (c) Severability. If for any reason, reason any provision of this Agreement, or any part of any provision, Agreement is held invalid, such invalidity the Parties agree that the court shall modify said provision(s) (or subpart(s) thereof) to make said provision(s) (or subpart(s) thereof) and this Agreement valid and enforceable. Any invalid provision shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part thereof shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the rest of such provision not held so invalid, and the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect. View More
Modification and Waiver. (a) 8.1 This Agreement may shall not be modified or amended except by an instrument in writing signed by the parties hereto. (b) 8.2 No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such written wa...iver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 5 9.Severability. 4 9. SEVERABILITY. If, for any reason, any provision of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part thereof shall to the full extent consistent (consistent with law law) continue in full force and effect. View More
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Modification and Waiver. (a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate onl...y as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. 10 11. CERTAIN APPLICABLE LAW. Notwithstanding anything herein contained to the contrary, the following provisions shall apply: (a) The Bank may terminate Executive's employment at any time, but any termination by the Bank other than termination for Cause shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall have no right to receive compensation or other benefits under this Agreement for any period after Executive's termination for Cause, other than the Accrued Obligations. (b) In no event shall the Bank (nor any affiliate) be obligated to make any payment pursuant to this Agreement that is prohibited by Section 18(k) of the Federal Deposit Insurance Act (codified at 12 U.S.C. sec. 1828(k)), 12 C.F.R. Part 359, or any other applicable law. (c) Notwithstanding anything in this Agreement to the contrary, to the extent that a payment or benefit described in this Agreement constitutes "non-qualified deferred compensation" under Section 409A of the Code, and to the extent that such payment or benefit is payable upon Executive's termination of employment, then such payments or benefits will be payable only upon Executive's "Separation from Service." For purposes of this Agreement, a "Separation from Service" will have occurred if the Bank and Executive reasonably anticipate that either no further services will be performed by Executive after the Date of Termination (whether as an employee or as an independent contractor) or the level of further services performed is less than 50 percent of the average level of bona fide services in the 36 months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). (d) Notwithstanding the foregoing, if Executive is a "Specified Employee" (i.e., a "key employee" of a publicly traded company within the meaning of Section 409A of the Code and the final regulations issued thereunder) and any payment under this Agreement is triggered due to Executive's Separation from Service, then solely to the extent necessary to avoid penalties under Section 409A of the Code, no payment shall be made during the first six (6) months following Executive's Separation from Service. Rather, any payment which would otherwise be paid to Executive during such period shall be accumulated and paid to Executive in a lump sum on the first day of the seventh month following such Separation from Service. All subsequent payments shall be paid in the manner specified in this Agreement. (e) To the extent not specifically provided in this Agreement, any compensation or reimbursements payable to Executive shall be paid or provided no later than two and one-half (2.5) months after the calendar year in which such compensation is no longer subject to a substantial risk of forfeiture within the meaning of Treasury Regulation Section 1.409A-1(d). (f) Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes Treasury Regulation Section 1.409A-2(b)(2). (g) Notwithstanding anything in this Agreement to the contrary, Executive understands that nothing contained in this Agreement limits Executive's ability to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or commission ("Government Agencies") about a possible securities law violation without approval of the Bank (or any affiliate). Executive further understands that this Agreement does not limit Executive's ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not limit Executive's right to receive any resulting monetary award for information provided to any Government Agency. 11 12. SEVERABILITY. If any provision of this Agreement is determined to be void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect. View More
Modification and Waiver. (a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate onl...y as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 5 10. 11. CERTAIN APPLICABLE LAW. Notwithstanding anything herein contained to the contrary, the following provisions shall apply: Required Provisions. (a) The Bank Board may terminate the Executive's employment or the Executive may voluntarily terminate employment at any time, but any time prior to the occurrence of a Change in Control, and upon such termination, the Company shall have no further obligation to the Executive hereunder. Any termination by the Bank Board other than termination Termination for Cause on or after the occurrence of a Change in Control, shall not prejudice the Executive's right to compensation or other benefits under this Agreement. The Executive shall have no right to receive compensation or other benefits under this Agreement for any period after the Executive's termination Termination for Cause, other than Cause or if the Accrued Obligations. Executive terminates employment due to death. In the event of Executive's Disability (as defined in accordance with Code Section 409A) on or after the occurrence of a Change in Control, Executive shall not be entitled to any benefits hereunder. (b) In no event shall Notwithstanding anything herein contained to the Bank (nor contrary, any affiliate) be obligated payments to make any payment the Executive by the Company or the Bank, whether pursuant to this Agreement that is prohibited by or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act (codified at Act, 12 U.S.C. sec. 1828(k)), § 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359, or any other applicable law. 359. (c) Notwithstanding anything else in this Agreement to the contrary, the Executive's employment shall not be deemed to have been terminated unless and until the extent that Executive has a payment or benefit described in this Agreement constitutes "non-qualified deferred compensation" under Separation from Service within the meaning of Code Section 409A of the Code, and to the extent that such payment or benefit is payable upon Executive's termination of employment, then such payments or benefits will be payable only upon Executive's "Separation from Service." 409A. For purposes of this Agreement, a "Separation from Service" will shall have occurred if the Bank Company and the Executive reasonably anticipate that either no further services will be performed by the Executive after the Date date of Termination termination (whether as an employee or as an independent contractor) or the level of further services performed is less than 50 fifty (50) percent of the average level of bona fide services in the 36 thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). (d) Notwithstanding the foregoing, if in the event the Executive is a "Specified Employee" (i.e., a "key employee" of a publicly traded company within the meaning of Section 409A of the Code and the final regulations issued thereunder) and any payment under this Agreement is triggered due to Executive's Separation from Service, then solely Specified Employee (as defined herein), then, solely, to the extent necessary required to avoid penalties under Code Section 409A of 409A, the Code, no payment Executive's payments shall be made during the first six (6) months following Executive's Separation from Service. Rather, any payment which would otherwise be paid to Executive during such period shall be accumulated and paid to Executive in a lump sum on delayed until the first day of the seventh month following such the Executive's Separation from Service. All subsequent payments A "Specified Employee" shall be paid in the manner specified in this Agreement. (e) To the extent not specifically provided in this Agreement, any compensation or reimbursements payable interpreted to Executive comply with Code Section 409A and shall be paid or provided no later than two and one-half (2.5) months after the calendar year in which such compensation is no longer subject to mean a substantial risk of forfeiture key employee within the meaning of Treasury Regulation Code Section 1.409A-1(d). (f) Each payment pursuant 416(i) (without regard to this Agreement paragraph 5 thereof), but an individual shall be a "Specified Employee" only if the Company or Bank is intended to constitute or becomes a separate payment for purposes Treasury Regulation Section 1.409A-2(b)(2). (g) Notwithstanding anything in this Agreement to the contrary, Executive understands that nothing contained in this Agreement limits Executive's ability to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or commission ("Government Agencies") about a possible securities law violation without approval of the Bank (or any affiliate). Executive further understands that this Agreement does not limit Executive's ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not limit Executive's right to receive any resulting monetary award for information provided to any Government Agency. 11 12. SEVERABILITY. If any provision of this Agreement is determined to be void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect. publicly traded company. View More
Modification and Waiver. (a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate onl...y as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. 10 11. CERTAIN APPLICABLE LAW. REQUIRED PROVISIONS. Notwithstanding anything herein contained to the contrary, the following provisions shall apply: (a) The Bank Board may terminate Executive's employment at any time, but any termination by the Bank Bank's Board other than termination for Cause shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall have no right to receive compensation or other benefits under this Agreement for any period after Executive's his termination for Cause, other than Cause. (b) Notwithstanding anything herein contained to the Accrued Obligations. (b) In no event shall contrary, any payments to Executive by the Bank (nor any affiliate) be obligated to make any payment Company, whether pursuant to this Agreement that is prohibited by or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act (codified at Act, 12 U.S.C. sec. 1828(k)), Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359, or any other applicable law. 359. (c) Notwithstanding anything else in this Agreement to the contrary, contrary (with the exception of Section 4(c)(i)), Executive's employment shall not be deemed to have been terminated unless and until Executive has a Separation from Service within the extent that a payment or benefit described in this Agreement constitutes "non-qualified deferred compensation" under meaning of Code Section 409A of the Code, and to the extent that such payment or benefit is payable upon Executive's termination of employment, then such payments or benefits will be payable only upon Executive's "Separation from Service." 409A. For purposes of this Agreement, a "Separation from Service" will shall have occurred if the Bank and Executive reasonably anticipate that either no further services will be performed by Executive after the Date date of Termination termination (whether as an employee or as an independent contractor) or the level of further services performed is less than 50 fifty (50) percent of the average level of bona fide services in the 36 thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). Notwithstanding the foregoing, this Section 11(b) is not applicable in the event of the Executive's termination for Cause. (d) Notwithstanding the foregoing, if Executive is a "Specified Employee" "specified employee" (i.e., a "key employee" of a publicly traded company within the meaning of Section 409A of the Code and the final regulations issued thereunder) and any payment under this Agreement is triggered due to Executive's Separation from Service, Service (other than due to Disability or death), then solely to the extent necessary to avoid penalties under Section 409A of the Code, no payment shall be made during the first six (6) months following Executive's Separation from Service. Rather, any payment which would otherwise be paid to Executive during such period shall be accumulated and paid to Executive in a lump sum on the first day of the seventh month following such Separation from Service. All subsequent payments shall be paid in the manner specified in this Agreement. (e) To the extent not specifically provided in this Agreement, any compensation or reimbursements payable to Executive shall be paid or provided no later than two and one-half (2.5) months after the calendar year in which such compensation is no longer subject to a substantial risk of forfeiture within the meaning of Treasury Regulation Section 1.409A-1(d). (f) Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes Treasury Regulation Section 1.409A-2(b)(2). (g) Notwithstanding anything in this Agreement to the contrary, Executive understands that nothing contained in this Agreement limits Executive's ability to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or commission ("Government Agencies") about a possible securities law violation without approval of the Bank (or any affiliate). Executive further understands that this Agreement does not limit Executive's ability to communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not limit Executive's right to receive any resulting monetary award for information provided to any Government Agency. 11 12. SEVERABILITY. If any provision of this Agreement is determined to be void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect. View More
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Modification and Waiver. No provision of this Employment Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Employee and such officer as may be specifically designated by the Board of Directors of the Corporation. No waiver by either party hereto at any time of any breach by the other party hereof, or compliance with, any condition or provision of this Employment Agreement to be performed by such other party shall be deemed a waiver of simi...lar or dissimilar provisions or conditions at the same or at any prior or subsequent time. View More
Modification and Waiver. No provision of this Employment Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Employee and such officer as may be specifically designated by the Board of Directors of the Corporation. No waiver by either party hereto at any time of any breach by the other party hereof, or compliance with, any condition or provision of this Employment Agreement to be performed by such other party shall be deemed a waiver of simi...lar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 5 17. Successors. This Employment Agreement shall be binding on the Corporation and any successor to any of its businesses or assets. This Employment Agreement shall inure to the benefit of and be enforceable by Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. View More
Modification and Waiver. No provision of this Employment Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Employee Executive and such officer as may be specifically designated by the Board of Directors of the Corporation. Employer. No waiver by either party hereto at any time of any breach by the other party hereof, hereto of, or compliance with, any condition or provision of this Employment Agreement to be performed by such other party s...hall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. View More
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Modification and Waiver. This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto and approved by the Bank; provided that in no circumstances may this Agreement be modified or amended if such modification or amendment would not be permitted under Code Section 409A. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the pa...rty charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. Notwithstanding the foregoing, in the event that any provision or the implementation of any provision of this Agreement is finally determined to violate any applicable law, regulation or other regulatory requirement that is binding on the Bank, or to constitute an unsafe and unsound banking practice, Executive and the Bank agree to amend such provision to the extent necessary to remove or eliminate such violation or unsafe and unsound banking practice, and such provision shall then be applicable in the amended form. 12. NO ATTACHMENT. Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, and of no effect. View More
Modification and Waiver. This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto and approved by the Bank; Company; provided that in no circumstances may this Agreement be modified or amended if such modification or amendment would not be permitted under Code Section 409A. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument ...of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. Notwithstanding the foregoing, in the event that any provision or the implementation of any provision of this Agreement is finally determined to violate any applicable law, regulation or other regulatory requirement that is binding on the Bank, Company, or to constitute an unsafe and unsound banking Companying practice, Executive and the Bank Company agree to amend such provision to the extent necessary to remove or eliminate such violation or unsafe and unsound banking Companying practice, and such provision shall then be applicable in the amended form. 12. NO ATTACHMENT. Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, and of no effect. View More
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Modification and Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought.
Modification and Waiver. This Warrant and any provision hereof may not be changed, waived, discharged or terminated only except by an instrument in writing signed by the party against which enforcement of the same is sought.
Modification and Waiver. This Warrant and any provision hereof Note may not be changed, waived, discharged or terminated only except by an instrument in writing signed by the party against which enforcement of the same is sought.
Modification and Waiver. This Warrant and any provision hereof Note may not be changed, waived, discharged or terminated only except by an instrument in writing signed by the party against which enforcement of the same is sought.
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Modification and Waiver. Except as provided in Section 17 above with respect to changes in Delaware law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a continuing wai...ver. 10 21. General Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted via email, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: (i) If to Indemnitee, to: ___________________________ ___________________________ ___________________________ ___________________________ (ii) If to the Company, to: Albany Molecular Research, Inc. 26 Corporate Circle Albany, New York 12203-5154 Facsimile: (518) 512-2000 or to such other address as may have been furnished in the same manner by any party to the others. View More
Modification and Waiver. Except as provided in Section 17 18 above with respect to changes in Delaware Colorado law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a co...ntinuing waiver. 10 21. waiver 22. General Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted via email, by facsimile or by email and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: (i) If (i)If to Indemnitee, to: ___________________________ ___________________________ ___________________________ ___________________________ (ii) If [________________] (ii)If to the Company, to: Albany Molecular Research, Inc. 26 Corporate Circle Albany, New York 12203-5154 GrowGeneration Corp. 503 North Main St., Suite 740 Pueblo, CO 81003 Facsimile: (518) 512-2000 [__________] Email: [____________] or to such other address as may have been furnished in the same manner by any party to the others. View More
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