AMENDMENT TO SEVERANCE AGREEMENT Sample Clauses

AMENDMENT TO SEVERANCE AGREEMENT. Section 4 of the Retention Letter is hereby amended as follows: a. Subsections 4(iii)(b) and (f) are stricken in their entirety; provided, however, that the payments provided in Sections 6 and 7 hereof shall be treated as Severance Payments (as such term is defined in the Retention Letter). b. Subsection 4(iii)(c) is stricken and replaced by the following provision:
Sample 1Sample 2
AutoNDA by SimpleDocs
AMENDMENT TO SEVERANCE AGREEMENT. Section 2(e)(ii) is hereby amended by adding the following proviso to the end of such section: ; provided, that in any case where the first and last days of the Applicable Release Period are in two separate taxable years, any payments required to be made to Employee that are treated as deferred compensation for purposes of Section 409A (defined below) shall be made in the later taxable year, promptly following the conclusion of the Applicable Release Period.
Sample 1Sample 2
AMENDMENT TO SEVERANCE AGREEMENT. Paragraph 2(a) of the Severance -------------------------------- Agreement (relating to the "Transition Period") shall be amended by substituting "six months" for "two years." Except as expressly modified by Paragraphs 2 and 5 of this Agreement, the Severance Agreement shall remain in full force and effect according to its terms.
Sample 1
AMENDMENT TO SEVERANCE AGREEMENT. Dear Xxxxx: In connection with the issuance of final tax regulations under Section 409A of the Internal Revenue Code, which take effect January 1, 2009, we have determined that the letter agreement, dated November 7, 2007 (your “Agreement”), setting forth your right to severance benefits upon a termination of your employment with Rewards Network Inc. (“Rewards Network”) should be amended in order to reduce any risk of adverse tax consequences to you. Effective January 1, 2009, your Agreement shall be amended as follows:
Sample 1
AMENDMENT TO SEVERANCE AGREEMENT. (a) Amendment. The Severance Agreement is hereby amended by deleting the last sentence in the definition of the term "Reorganization Event" in Section 1 thereof and substituting therefor the following sentence: "It is hereby understood and agreed that the consummation of the business combination contemplated by the Agreement and Plan of Merger dated as of September 1, 1997, as amended, among Doubletree Corporation, the Company and Parent Holding Corp. shall not constitute a Reorganization Event for purposes of this Agreement." As hereby amended, the Severance Agreement shall remain in full force and effect with respect to any Reorganization Event (i.e., excluding the Doubletree/Promus Merger).
Sample 1
AMENDMENT TO SEVERANCE AGREEMENT. Reference is hereby made to the Severance Agreement (the "Agreement") that was entered into between the undersigned and Gart Sports Company, a Delaware corporation, its subsidiaries, its successor, or a new parent company of Gart (collectively, the "Company"), prior to August 15, 2002. This Amendment to Severance Agreement (this "Amendment") is dated as of August 15, 2002 and constitutes an amendment to such Agreement. In consideration of the mutual premises set forth in the Agreement, you and the Company hereby agree to amend the Agreement to include the following, as applicable:
Sample 1
AMENDMENT TO SEVERANCE AGREEMENT. This Amendment to Severance Agreement ("Amendment") is made and effective as of November 29, 2005, by and between Reliant Energy, Inc., a Delaware corporation having its principal place of business in Houston, Xxxxxx County, Texas (the "Company") and Xxxxx X. Xxxx ("Executive").
Sample 1
AutoNDA by SimpleDocs

Related to AMENDMENT TO SEVERANCE AGREEMENT

  • Amendment to Employment Agreement 2 of the Employment Agreement is amended and restated in its entirety to read as follows:

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Amendment to Agreement Effective as of the Amendment No. 2 Effective Date, the Agreement shall be amended as follows: The parties hereby agree to amend Exhibit A by adding the following new text as a new section 5: [START NEW TEXT]

  • Amendments to Employment Agreement Effective as of the date hereof, the Employment Agreement shall be amended as provided in this Section 1.

  • Amendment to Rights Agreement All capitalized terms not otherwise defined in this Section 2 shall be as defined in the Rights Agreement. The Company and the undersigned agree that Section 7(b)(2) of the Rights Agreement be, and it hereby is, amended and restated to read as follows: “Subject to Section 7(b)(6) below, from and after the earlier to occur of (i) the Second Unit Closing, (ii) the Common Equity Closing and (iii) the closing of an Alternative Common Stock Financing in which the Investors exercise preemptive rights pursuant to the terms of this Agreement and, as a result, beneficially own greater than a majority of the Company’s voting stock as of such closing, the Company shall take all appropriate action to promptly establish and maintain the size of the Board at ten (10) members, five (5) of which shall be Investor Designees and nominated in accordance with the provisions of this Section 7(b). Alta Partners, Bay City Capital, NEA and Nextech, together with their respective affiliates, shall each have the right to designate one (1) such Investor Designee. Notwithstanding the foregoing, the Company’s obligation to set and maintain the size of the Board at ten (10) members and the Investors’ right to designate five (5) Investor Designees pursuant to this Section 7(b)(2) shall not be effective prior to May 1, 2010 or such later date as determined by the Majority Investors. On or prior to January 20 of each year in which the Majority Investors have rights pursuant to this Section 7(b) (assuming the Company has made a request therefor at least five (5) Trading Days prior thereto), and within five (5) Trading Days of the request by the Company in connection with the preparation of a proxy 1. statement with respect to the election of members of the Board or a vacancy created on the Board by the resignation, death or disability of an Investor Designee or the failure of an Investor Designee to be elected at a meeting of the Company at any time at which the Majority Investors have rights pursuant to this Section 7(b), each Investor shall notify the Company of the number of voting shares of the Company’s capital stock beneficially owned by such Investor as of a date within five (5) Trading Days of the delivery of such notice.”

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment to Security Agreement The Security Agreement is hereby amended by deleting the definition of “Obligations” in Section 1 thereof and replacing it with the following:

  • Second Amendment to Exhibit A to Services Agreement Exhibit A to the Services Agreement shall be, and here by is, supplemented with the following:

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment of the Agreement The Company and the Participant may amend this Agreement only by a written instrument signed by both parties.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!