Effect of this Letter. This letter will take effect once signed by you and on behalf of the Company. As amended by this letter, the terms of your Employment Agreement remain in effect, including, without limitation, the terms regarding termination of your employment. Thank you for your continued commitment to Xxxxxxx Neurosciences! Sincerely, XXXXXXX NEUROSCIENCES, INC. Xxxx Xxxxxxxxxx, PhD Date Chairman and CEO ACCEPTED AND AGREED: Xxxxxx Xxxxxx Date
Effect of this Letter. Except as specifically addressed herein, all of the terms and conditions of the Option Agreements shall remain in full force and effect in accordance with their terms. Nothing herein shall be deemed to confer upon you any rights to continue as an employee of the Company, it being understood by you that you remain an employee at will for the Company.
Effect of this Letter. This letter will take effect once signed by you and on behalf of the Company. As amended by this letter, the terms of your Employment Agreement remain in effect, including, without limitation, the terms regarding termination of your employment. Thank you for your continued commitment to Xxxxxxx Neurosciences! Sincerely, XXXXXXX NEUROSCIENCES, INC. Geoff Race Date CBO, CFO ACCEPTED AND AGREED: Xxxx Xxxxxxxxxx, PhD Date
Effect of this Letter. Paragraphs 4, 5 and 7-9 of this letter shall survive any termination of this letter.
Effect of this Letter. This letter sets forth the intent of the parties only, is not binding on the parties, and may not be relied on as the basis for a contract by estoppel or be the basis for a claim based on detrimental reliance or any other theory; provided that paragraphs 6 and 7, and this paragraph 9 will be enforceable in accordance with their terms. With the exceptions of paragraphs 4, 6, 7, and this paragraph 9, the parties understand that no party shall be bound until the Purchase Agreement has been negotiated, executed, delivered, and approved by the partners or shareholders of Buyer and Seller, as the case may be.
Effect of this Letter. Nothing in this Letter shall have any effect on any obligations which existed or arise between the Parties, except as provided in the Transaction Documents. References:
Effect of this Letter. This letter creates liability and/or obligations on the parts of GUFG, SDP and LFDG. All parties hereto will have obligations to consummate the transactions contemplated by this LOI and pursuant to a superseding definitive agreement concerning the proposed transaction, which is to be executed by all parties.
Effect of this Letter. The Parties acknowledge and confirm that the obligations set forth herein, which for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, are and shall remain legally binding on the Parties subject to Section 14.
Effect of this Letter. This letter constitutes a waiver of AFC's rights and the obligations of the ESOP Trusts under the Loan Documents with respect to the matters described herein as contemplated by section 6.3 of the Loan Agreement, shall have the same force and effect as an amendment to each and every Loan Document with respect to the matters waived, and shall, upon delivery to you, constitute a "Loan Document" within the meaning of Section 1.8 of the Loan Agreements. This waiver shall be binding on AFC and its successors and assigns without any action on the part of the ESOP Trust. Kindly indicate receipt of this letter by countersigning the enclosed copy of this letter in the signature block provided below and returning it in the postage prepaid envelope provided. ASTORIA FINANCIAL CORPORATION By: /s/ Xxxx X. Xxxxxxxxx Name: Xxxx X. Xxxxxxxxx Title: Executive Vice President, Secretary and General Counsel cc: Astoria Federal Savings and Loan Association Employee Stock Ownership Plan Trust, care of Astoria Federal Savings and Loan Association Accepted and Agreed to: ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIATION EMPLOYEE STOCK OWNERSHIP PLAN TRUST (for itself and as successor to The Long Island Savings Bank FSB Employee Stock Ownership Plan Trust ) By: PRUDENTIAL BANK & TRUST, FSB (successor to State Street Bank and Trust Company as trustee of the Astoria Federal Savings and Loan Association Employee Stock Ownership Plan Trust and successor to CG Trust Company as trustee of The Long Island Savings Bank FSB Employee Stock Ownership Plan Trust) By: /s/ Xxxxxx Xxxxxxxx Name: Xxxxxx Xxxxxxxx Title: Trust Officer
Effect of this Letter. This letter supersedes any earlier agreement or arrangement, written or oral, entered into between you and the Company and shall alone be valid and in force.
