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.
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.
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. 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. Employee will be entitled to participate in the Frankly’s 2017 Employee Retention Program, subject to Frankly Inc. Board approval.
EMPLOYEE RETENTION PLAN. 41 6.15 State Takeover Statutes......................................41 6.16 Section 15 of the 1940 Act...................................41
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.
EMPLOYEE RETENTION PLAN. Employee retention plan to meet or exceed requirements described in Section 3.6.3 of this RFP.
EMPLOYEE RETENTION PLAN. As a further inducement to Sellers to enter into this Agreement, following the Closing Buyer shall:
EMPLOYEE RETENTION PLAN. Prior to Closing, Parent shall establish an employee retention bonus plan (the “Retention Bonus Plan”) for certain Employees, with the participants, amounts and timing of such payments to be agreed among the Company and Parent provided that an aggregate of up to $2,500,000 shall be payable under such Retention Bonus Plan over a three-year period following the Effective Time in accordance with the terms and conditions of the Retention Bonus Plan; and provided further that if any participant in the Retention Bonus Plan ceases to be an employee or service provider of the Parent, the Surviving Corporation or any Subsidiary thereof after the Effective Time and prior to the date of any
