Amendments to Employment Agreements. Capitalized Terms used and not otherwise defined herein shall have the meanings set forth in the Restructuring Support Agreement.
Amendments to Employment Agreements. Approving the entry into or modification or amendment of any employment agreement to which the Company is a party.
Amendments to Employment Agreements. Each Loan Party will not, and will not permit any of its Subsidiaries to, directly or indirectly, amend, modify, waive or supplement (or permit the modification, amendment, waiver or supplement of) the provisions of Section V.I. of any Employment and Non-Compete Agreement (or any defined term or sub-component definition of any defined term used therein) in any manner materially adverse to any Loan Party; provided, that any extension of non-competition periods made pursuant to Section 5.19 of this Agreement shall not be deemed to be a violation of this Section 6.14Agreement.
Amendments to Employment Agreements. Each of the persons listed on Schedule 2.33 has entered into an amendment to any employment agreement with Company or any of its Subsidiaries to which such person is a party (the "EMPLOYMENT AGREEMENT AMENDMENTS") providing that the Merger and related transactions do not constitute "Good Reason" or trigger any severance obligations on the part of Company under such agreement, and to amend the definition of "Cause" in such agreement.
Amendments to Employment Agreements. Effective as of the Omnibus Amendment Date, each of the Employment Agreements (other than the Xxxxx Employment Agreement) is hereby amended by deleting the last three sentences of Section 2.2 in each such Employment Agreement.
Amendments to Employment Agreements. (i) The employment agreement of Xxxx Xxxxx shall have been amended (in form and substance reasonably acceptable to the Purchaser) so as to delete from such employment agreement the Company’s obligation to appoint Xxxx Xxxxx to the Company’s Board of Directors.
(ii) Approximately 5 lines omitted ***********
Amendments to Employment Agreements. Each of the Individual Parent Shareholders shall have entered into an amendment to his Employment Agreement with the Company substantially in the form set forth on Exhibit 7.2 hereto.
Amendments to Employment Agreements. 8.1 Section 5 and Section 6 of the Employment Agreement between the Company and Xxxxx, dated as of May 15, 1997, are hereby deleted.
8.2 Section 5 and Section 6 of the Employment Agreement between the Company and Xxxx, dated as of May 15, 1997, are hereby deleted.
8.3 Section 5 and Section 6 of the Employment Agreement between the Company and Xxxxx, dated as of May 15, 1997, are hereby deleted. 90 Representations and Warranties by the Company. the Company hereby represents and warrants to the Stockholders as follows:
(a) the Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.
(b) the Company has the full right, power and authority to enter into this Agreement and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby have been duly authorized by all requisite action on the part of the Company. This Agreement has been duly executed and delivered by the Company and is a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws and general principles of equity.
(c) There is no material claim, and no legal action, suit, arbitration, governmental investigation or other legal or administrative proceeding pending or threatened against, or relating to the Company or any of its respective material properties or businesses, which would if adversely determined prevent or impede the consummation of, or have a material adverse effect on, any of the transactions contemplated by this Agreement nor is there any basis known to the Company for any such action, investigation or proceeding.
Amendments to Employment Agreements. 53 9.18. Seller Subordinated Debt.......................................53 10.
Amendments to Employment Agreements. The Borrower will not, nor will it permit any of its Subsidiaries to, amend, supplement or modify, or consent to any such amendment, supplement or modification to, any provisions of any employment agreement pertaining to (a) any repurchase options by the Borrower;
