EMPLOYEE RETENTION PLAN Sample Clauses
EMPLOYEE RETENTION PLAN. (1) The Government has an interest in retaining experienced/qualified support services personnel familiar with the work environment subject of this MOA. The Contractor must maintain and adhere to the Employee Retention Plan (ERP) throughout the life of the contract. The Government may review the ERP for compliance any time during the life the MOA.
(2) The Contractor must develop an ERP which describes efforts to obtain and retain experienced and qualified staff, and control employee turnover, including replacements. The ERP must include information regarding compensation ratio. The Contractor’s compensation package must indicate its impact upon recruiting and retention and its consistency with a total plan for employee retention.
(3) The Contractor’s compensation (base rate and fringe benefits) package must include the impact on recruiting and retention personnel. The Government considers as significant performance risk if compensation is lowered by more than 5%. The compensation levels must reflect a clear understanding of work to be performed and should indicate the capability of the proposed compensation structure to obtain and keep suitably qualified personnel to meet mission objectives. The salary rates or ranges must take into account differences in skills, the complexity of various disciplines, and professional job difficulty.
EMPLOYEE RETENTION PLAN. (1) The Government has an interest in retaining experienced/qualified support services personnel familiar with the work environment subject of this MOA.
(2) The Contractor will develop an Employee Retention Plan (ERP) which describes efforts to obtain and retain experienced and qualified staff, and control employee turnover, including replacements. Additionally, the Contractor must provide information regarding compensation ratio in the ERP. The Contractor’s compensation package will be considered in terms of its impact upon recruiting and retention and its consistency with a total plan for employee retention. The compensation levels should reflect a clear understanding of work to be performed and should indicate the capability of the proposed compensation structure to obtain and keep suitably qualified personnel to meet mission objectives. The salary rates or ranges must take into account differences in skills, the complexity of various disciplines, and professional job difficulty. The Contractor must maintain and adhere to the ERP throughout the life of the contract. The Government may review the ERP for compliance any time during the life the MOA.
EMPLOYEE RETENTION PLAN. The Principals covenant to implement and pay for an employee retention plan to bind and motivate the employees of Tiger SS and TIGER WFOE to remain employed with Tiger SS or TIGER WFOE for a minimum of two years after the Final Buyout. For this purpose, the Principals shall reserve at a minimum two years salary for the top five executives and additional employees identified by PSSWM, inclusive of new employees that may be hired at the time of the Final Buyout to replace the Principals, from the Total Purchase Price as stay bonuses for the employees and hire bonuses for new recruits of the Tiger SS and TIGER WFOE. At the closing of the Final Buyout, this cash reserve will be placed into a separate bank account held by Tiger SS to be disbursed as agreed with PSSWM and the employees over a three year period following the Final Buyout.
EMPLOYEE RETENTION PLAN. Employee will be entitled to participate in the Frankly’s 2017 Employee Retention Program, subject to Frankly Inc. Board approval.
EMPLOYEE RETENTION PLAN. Prior to the Effective Time, SCHWAB and UST agree to establish a key employee retention program in accordance with the general terms outlined in Section 6.14 of the UST Disclosure Schedule to provide retention incentives for the categories of employees identified in Section 6.14 of the UST Disclosure Schedule (collectively, the "Retention Program").
EMPLOYEE RETENTION PLAN. As a post-closing condition to the Merger, prior to four months from the Effective Time Purchaser shall use its best efforts to obtain approval of the Purchaser’s stockholders for the Employee Retention Plan, and the Purchaser shall have enacted such Employee Retention Plan. The Employee Retention Plan shall specifically be designed to retain certain key employees, including certain named executive officers currently employed by Target for the duration of their employment with Parent. Rewards granted under such plan are not to exceed, represent or be exercisable for shares of Class A Common Stock representing more than (i) five (5) percent of (ii) all outstanding Purchaser’s Common Stock on a non-diluted basis at the Effective Time less any shares of Purchaser Capital Stock issued pursuant to a merger, acquisition, asset purchase or similar transaction with a party other than a Related Party that occurs prior to or at the Closing, less (iii) five (5) percent of the Total Adjustment Shares.
EMPLOYEE RETENTION PLAN. 41 6.15 State Takeover Statutes......................................41 6.16 Section 15 of the 1940 Act...................................41
EMPLOYEE RETENTION PLAN. 13 SECTION 6.8. Purchaser's Board of Directors Designee.......................13 ARTICLE 7 MISCELLANEOUS.......................................................13 SECTION 7.1. Survival of Agreements........................................13 SECTION 7.2. Notices.......................................................13 SECTION 7.3. Modifications; Waiver.........................................14 SECTION 7.4. Exculpation...................................................14 SECTION 7.5. Entire Agreement..............................................14 SECTION 7.6. Successors and Assigns........................................14 SECTION 7.7. Enforcement...................................................15 SECTION 7.8. Execution and Counterparts....................................15 SECTION 7.9. Governing Law and Severability................................15 SECTION 7.10. Headings......................................................15 SECTION 7.11. Confidentiality...............................................16 SECTION 7.12. [Reserved.]...................................................16 SECTION 7.13. [Reserved.]...................................................16 SECTION 7.14. Indemnification...............................................16 SECTION 7.15. [Reserved]....................................................17 SECTION 7.16. Expenses......................................................17 ANNEX I - ADDITIONAL PURCHASER REPRESENTATIONS.......................................I-1 DISCLOSURE SCHEDULE..................................................................S-1 -ii- 4 TABLE OF CONTENTS (CONTINUED)
EMPLOYEE RETENTION PLAN. The Company shall have adopted an Employee Retention Plan on substantially the terms set forth on Exhibit J hereto, including the modifications to existing arrangements described therein, and the parties to the existing arrangements shall have agreed to modify such arrangements as may be required by the terms of the Employee Retention Plan.
EMPLOYEE RETENTION PLAN. Attached as Schedule E-2 is an employee retention plan that was developed by the Parties prior to the Country Agreement Effective Date. It provides for certain retention payments that will be made by Federal-Mogul Local Entity to the Seconded Employees during each employee’s applicable Secondment Period. IBM Local Entity shall reimburse ***. 2 Exhibit E (Pro Forma)