Cash Shortage

Cash Shortage. Is the condition that exists when, in the judgment of the Company, the Company's cash reserves may prove insufficient to (i) cover the Company's working capital and other obligations as they come due, including obligations pursuant to any stock option agreement, stockholders' agreement, agreement not to compete, substitution agreement or liquid markets agreement entered into by the Company and any other obligation of the Company to its employees; (ii) maintain sufficient cash reserves to pay... unforeseeable costs that may arise; and at the same time (iii) make payments to Optionee pursuant to this Option Agreement. View More