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. (a) Each of Axxxxxxx, Xxxxxxx and Cxxxxxx shall have executed and delivered to Second Purchaser an Employment Agreement, in forms and substance to be mutually agreed by the parties thereto, (the foregoing, together with the Cxxxxxx Agreement, collectively, the “Employment Agreements”); and
(b) Cxxxxxx shall have executed and delivered to First Purchaser an Employment Agreement in the form and substance to be mutually agreed by the parties thereto (the “Cxxxxxx Agreement”).
(c) Aether shall have executed and delivered to Cxxxxxx a warrant to purchase 500,000 shares of Common Stock (the “Cxxxxxx Warrant”), which Cxxxxxx Warrant shall be dated and effective as of the Closing Date and shall be in form and substance to be mutually agreed by the parties thereto.
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.
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. Purchasers shall have received evidence satisfactory to them that all employment agreements between a Seller or any of its Affiliates and any Senior Employee and between a Seller or any of its Affiliates and any Senior Vice President have been terminated.
Certain Employment Agreements. Buyer specifically assumes and accepts full responsibility for all payments and obligations under the written employment agreements identified in Section 5.10 of the Disclosure Schedule.
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. The employment agreements dated the date hereof between Acquirer and each of Hxxxxxx Xxxxx, Chairman of the Board and Chief Executive Officer of the Company ("Bxxxx"), and Rxxxxx X. Xxxxx, President and Chief Operating Officer of the Company ("Semel"), shall not be terminated, voided or abrogated by Semel and Bxxxx.
