Does following part in my contract agreement mean, if I make a mistake, and so breach the contract, company can take back all my shares on 100 USD?
Do you think is it fair, proportional? Part of my compensation are stock option, but I would not work for 100 USD by mistake. Am I understand well this legal text?
Remedies. Consultant agrees that a breach of the provisions of this Section 7 will cause Company irreparable injury and damage. The parties expressly agree that Company shall be entitled to injunctive and other equitable relief to prevent such a breach, and to an accounting and payment of all profits, compensation, commissions, remunerations, or benefits that Consultant directly or indirectly realizes in connection with such a breach, in addition to any other remedy to which Company might be entitled. The parties waive the posting of any bond or surety prior to the issuance of an injunction hereunder. In the event a court refuses to honor the waiver of bond hereunder, the parties expressly agree to a bond in the amount of one hundred dollars ($100.00). All remedies for such a breach shall be cumulative and the pursuit of one remedy shall not be deemed to exclude any other remedy with respect to the subject matter hereof.