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Designated Executives Sample Clauses

Designated Executives. (i) Each Party shall designate one or more of its senior executives to serve as a high level point of contact to facilitate the efficient operation of the Program (each a “Designated Executive”). The initial Designated Executives are set forth in Schedule 3.1(a)(i) (Initial Designated Executives). (ii) The Designated Executives shall communicate as needed to discuss the Program and address any issues that may arise in connection therewith.
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Designated Executives. 17 Section 2.14 Incentive Program........................................18 Section 2.15 XxXX Reports.............................................18 ARTICLE III REPRESENTATIONS AND WARRANTIES OF ROI and SELLER
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Designated Executives. The aggregate $350,000 payment contemplated by Section 2.12(d)(y) shall be allocated as follows: (a) ROI shall allocate an aggregate of $100,000 among employees of the Business prior to the Closing ("Designated Executives") designated by it in its sole discretion. ROI shall notify Buyer of the amount allocated to each such Designated Executive at least two Business Days prior to the payment date. (b) Buyer shall allocate an aggregate of $250,000 among Designated Executives which remain employed by the Business following the Closing, designated by it in its sole discretion. (c) Promptly following the Closing, ROI shall pay an aggregate of $150,000 to Designated Employees designated by it in its sole discretion. (d) No Designated Employee shall be a third party beneficiary of the covenants set forth in this Article II. (e) All amounts paid pursuant to Section 2.12(d)(y) and this Section 2.13 shall be paid subject to withholding of applicable state, federal and local income and employment Taxes. (f) ROI and Buyer shall work in good faith to avoid any loss of deduction under Section 280G of the Code and the imposition of any excise tax under Section 4999 of the Code as a result of the allocations among the Designated Executives contemplated by this Section 2.13.
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Designated Executives. The term "Designated Executives" shall mean any and all of Xxxxxxx Xxxxxx, Xxxxx Xxxxxxxxx, Xxxx Xxxxxxx, Xxxx Xxxxxx, Xxxxx Xxxxxxxxxx and Xx Xxxxxx.
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Designated Executives. Each Party shall appoint a senior executive at the level of head of business line or above who shall have primary responsibility for the overall relationship established pursuant to this Agreement. The senior executives shall meet on a quarterly basis to discuss issues affecting the Products and Services and other work under this Agreement, such as design, development, testing and production of Products, development and implementation of new technologies and products, proposed regulatory and/or industry changes, marketing efforts and such other issues as the Parties may desire. In addition, at such meetings, the executives shall discuss their plans and objectives with respect to enhancing the Products and the development of new Product-related and TerreStar Network-related solutions. As part of such discussions (i) TerreStar shall share with Nokia Siemens its plans for potential future service offerings, potential market demand and anticipated product needs and (ii) Nokia Siemens shall share with TerreStar its plans regarding Product enhancements and evaluations as well as new Products under development. All such information shared between the Parties shall be deemed to be Confidential Information of the applicable disclosing Party.
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Designated Executives 
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Related to Designated Executives

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • The Executive This Agreement is personal to the Executive and, without the prior express written consent of the Company, shall not be assignable by the Executive, except that the Executive’s rights to receive any compensation or benefits under this Agreement may be transferred or disposed of pursuant to testamentary disposition, intestate succession or pursuant to a domestic relations order. This Agreement shall inure to the benefit of and be enforceable by the Executive’s heirs, beneficiaries and/or legal representatives.

  • Overtime-Eligible Employees Employees who are covered by the overtime provisions of state and federal law.

  • Period of Employment The “Period of Employment” shall be a period of three (3) years commencing on the Employment Commencement Date and ending at the close of business on the third (3rd) anniversary of the Employment Commencement Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives notice, in writing, at least thirty (30) days prior to the expiration of this Agreement and the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Agreement or modify its terms. The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Constructive Termination” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Executive Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION 1. The following shall apply to employees providing instruction in adult education programs in these districts: Continuing Education employees in the Adult Education High School Completion Program (credit courses) and Adult Education Academic Upgrading Programs (Adult Basic Education, General Education Development, Pre-General Education Development, Literacy and Adult Education English Language Programs). Employees teaching Adult Education academic programs including: High School Completion Program, Pathfinder High School Completion Program, Academic Business Education Program, General Equivalency Diploma Program, Adult Basic Education Program, Adult English as a Second Language Program, and Adult Special Education Program, in the Continuing Education Division.

  • Number of Employees The Union and the Employer agree that no more than one (1) position in each program shall be covered by a Job Sharing Agreement at any one time. No more than two (2) employees may share one (1) full-time position. The position being shared shall remain a regular full-time position within the bargaining unit.

  • Salary, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

Most Referenced Clauses

Most Referenced Definitions