Certain Employment Agreements. Except as set forth in the Registration Statement, the General Disclosure Package or the Prospectus, the Company is not a party to or subject to any employment contract or arrangement providing for annual future compensation, or the opportunity to earn annual future compensation (whether through fixed salary, bonus, commission, options or otherwise) of more than $120,000 to any officer or director.
Certain Employment Agreements. With respect to the employment agreement between Bimini and Xxxxxx X. Xxxxxx, dated June 30, 2009, and the employment agreement between Bimini and G. Xxxxxx Xxxx IV, dated June 30, 2009 (each, an “Employment Agreement”): (i) each Employment Agreement is legal, valid, binding and enforceable in all material respects against Bimini and to Bimini’s knowledge, the other party thereto, and in full force and effect (except as such enforcement may be limited by the Enforceability Exceptions); (ii) the consummation of the transactions contemplated by this Agreement will not affect the terms, validity or enforceability of any Employment Agreement and, to the Bimini’s knowledge, the other party thereto; (iii) Bimini is not in breach or default in any material respect, and no event has occurred which, with the passage of time or giving of notice or both, would constitute such a breach or default by Bimini, or permit termination or acceleration by the other party, under any Employment Agreement; and (iv) to Bimini’s knowledge, no other party to any Employment Agreement is in breach or default in any material respect, and no event has occurred which, with the passage of time or giving of notice or both, would constitute such a breach or default by such other party, or permit termination or acceleration by Bimini, under such Employment Agreement.
Certain Employment Agreements. Except as disclosed in Section 3.16 of the Disclosure Letter or in the SEC Fillings, neither the Company nor any of its subsidiaries is a party to or bound by any Contract or Other Agreement regarding the employment, services, consulting, termination or severance from employment of any director, officer or employee of the Company or any of its subsidiaries that provides for or could result in payments in excess of $200,000 in any twelve month period.
Certain Employment Agreements. 30 6.16 Owner's Affidavit and Non-Imputation Endorsement........................31 6.17 Extinguishing Xxxxxxx X. Xxxxxx' Interest in the Xxxx Property..........31 7.
Certain Employment Agreements. The Buyer shall assume the ----------------------------- Company's obligations under the employment agreements described in item 6 of Schedule 3.13 hereto, but the Buyer Group agrees that the Buyer shall in no manner attempt to enforce the noncompetition obligations of the Company's employees parties to such employment agreements pursuant to section 5 of such employment agreements; provided, however, that the Buyer Group shall have the -------- ------- right to enforce any other right of the Company under such employment agreements. The Buyer Group acknowledges and agrees that all such employees shall be third party beneficiaries to this provision.
Certain Employment Agreements. At the First Closing, ABE will guaranty the employment agreements entered into by HGF with its senior executives as disclosed in Section 3.17 of the HGF Disclosure Schedule.
Certain Employment Agreements. Seller agrees that Purchaser may, prior to Closing, enter into employment agreements, which shall become effective at Closing, with the Employees speci- fied on Schedules 5.5(g)(i) and 5.5(g)(ii) (each, an "Identified Employee"). Until the earlier of the Closing or the termination of this Agreement, Seller shall (i) use its reasonable efforts to maintain the continued employment of each Identified Employee specified on Schedule 5.5(g)(i) with the applicable Packaging Company until Closing, provided, however that neither Seller nor any of its Affiliates shall be obligated to expend any funds in further- ance of such obligation, and (ii) not terminate, other than for cause, any Identified Employee.
Certain Employment Agreements. Between the date of this Agreement and the Closing Date or earlier termination of this Agreement, the Company and the Acquiror Parties will use their respective reasonable efforts to obtain the following agreements, each to be effective at the Effective Time: amended employment agreements with certain executive Company Employees to narrow the scope of permitted activities under their agreements and to remove references to status as a Member of the Company.
Certain Employment Agreements. The Schedule 1.03 Sellers shall cause neither the Company nor any of Richxxx X. Xxxxxx, Xxbexx X. Xxxxx, Xxllxxx X. Xxxxxx xxx Chrixxxxxxx X. Xxxxxxx xx terminate, amend, alter or waive any rights under the employment agreements which, as of the date hereof, exists between the Company and such individuals and are listed on Schedule 4.15 (the "Management Employment Agreements").
Certain Employment Agreements. Company Parent shall make commercially reasonable efforts to cause each of the Persons identified on Schedule 9.2(i) to enter into employment agreements with Parent as of the Effective Time, and Parent shall make commercially reasonable efforts to enter into such agreements.
