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CQB » Topics » §4 Waiver

These excerpts taken from the CQB 10-K filed Feb 27, 2009.

§4 Waiver

Within 15 days after terminating this Agreement, the Company may waive its rights under this clause for any reason at its own discretion. The waiver must be in writing.

In the absence of such a waiver, in consideration for this covenant, the Employee expressly acknowledges that the value realized from any awards of stock granted

by CBII or the Company pursuant to Article 9 of this contract will be used to satisfy the Company’s obligations under Article 25 §4.

§4 Waiver

Within 15 days after terminating this Agreement, the Company may waive its rights under this clause for any reason at its own discretion. The waiver must be in writing.

In the absence of such a waiver, in consideration for this covenant, the Employee expressly acknowledges that the value realized from any awards of stock granted

by CBII or the Company pursuant to Article 9 of this contract will be used to satisfy the Company’s obligations under Article 25 §4.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

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