Concurrent Employment. During the term of this Agreement, Executive and the Company acknowledge that Executive may be concurrently employed by the Company and a subsidiary or other entity with respect to which the Company owns (within the meaning of Section 425(f) of the Internal Revenue Code of 1986, as amended (the "Code")) 50% or more of the total combined voting power of all classes of stock or other equity interests (an "Affiliate"), and that all of the terms and conditions of this Agreement shall apply to such concurrent employment. Reference to the Company hereunder shall be deemed to include any such concurrent employers.
Appears in 6 contracts
Samples: Executive Employment Agreement (Cleco Power LLC), Employment Agreement (Cleco Power LLC), Cleco Corporation Executive Employment Agreement (Cleco Power LLC)
Concurrent Employment. During the term of this Agreement, Executive and the Company acknowledge that Executive may be concurrently employed by the Company and a subsidiary or other entity with respect to which the Company owns (within the meaning of Section 425(f) of the Internal Revenue Code of 1986, as amended (the "“Code"”)) 50% or more of the total combined voting power of all classes of stock or other equity interests (an "“Affiliate"”), and that all of the terms and conditions of this Agreement shall apply to such concurrent employment. Reference to the Company hereunder shall be deemed to include any such concurrent employers.
Appears in 4 contracts
Samples: Executive Employment Agreement (Cleco Power LLC), Executive Employment Agreement (Cleco Power LLC), Executive Employment Agreement (Cleco Power LLC)
Concurrent Employment. During the term of this Agreement, Executive and the Company acknowledge that Executive may be concurrently employed by the Company and a subsidiary Renasant Bank and one or more additional subsidiaries or other entity entities with respect to which the Company owns (within the meaning of Section 425(f) of the Internal Revenue Code of 1986, as amended (the "“Code"”)) 50% or more of the total combined voting power of all classes of stock or other equity interests (an "“Affiliate"”), and that all of the terms and conditions of this Agreement shall apply to such concurrent employment. Reference to the Company hereunder shall be deemed to include any such concurrent employers, unless the context clearly indicates to the contrary.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Renasant Corp), Executive Employment Agreement (Renasant Corp), Agreement and Plan of Merger (Capital Bancorp Inc)
Concurrent Employment. During the term of this Agreement, Executive and the Company acknowledge that Executive may be concurrently employed by the Company and a subsidiary one or more subsidiaries or other entity entities with respect to which the Company owns (within the meaning of Section 425(f) of the Internal Revenue Code of 1986, as amended (the "Code")) 50% or more of the total combined voting power of all classes of stock or other equity interests (an "Affiliate"), and that all of the terms and conditions of this Agreement shall apply to such concurrent employment. Reference to the Company hereunder shall be deemed to include any such concurrent employers.
Appears in 3 contracts
Samples: Employment Agreement (NBC Capital Corp), Executive Employment Agreement (NBC Capital Corp), Employment Agreement (NBC Capital Corp)
