EMPLOYMENT AGREEMENTS AND RETENTION Sample Clauses

EMPLOYMENT AGREEMENTS AND RETENTION. CURTXX XXXXXXXX, xxd JAMEX X. XXXXXX ("Xey Employees") shall have entered into employment agreements with the Surviving Corporation in form and substance mutually satisfactory to the Company Shareholders and the Surviving Corporation, and lock-up agreements with the Parent substantially in the form of Exhibit A . Eighty percent (80%) of the Company's employees and regularly retained consultants have entered into employment agreements with the Company substantially in the form of Exhibit B. Each of the Key Employees shall receive a minimum salary of $140,000 per annum and bonus potentials of a minimum of $25,000.00 per quarter through a bonus plan that with reasonable effort and goals will allow them to reach and obtain those bonuses. One of the Key Employees will be appointed to the position of Regional Director and the other will be appointed to the position of Area Director. The Key Employees' compensation packages, at a minimum, will also contain stock options and the ordinary and customary benefits and perquisites for Parent`s Regional Directors. The employment agreements with the Parent or Acquisition Sub shall provide base compensation, benefits and perquisites substantially equivalent to those currently in place for the other employees of the Company.

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EMPLOYMENT AGREEMENTS AND RETENTION. As of the Closing Date, Parent (or one of its Affiliates) and each Key Employee shall have entered into an employment agreement in a form satisfactory to both parties which for greater certainty shall contain terms and conditions which are, in the aggregate, substantially similar to those currently enjoyed by such employee. As of the Closing Date, Parent shall be satisfied, that at least eighty percent (80%) of the Company's employees and regularly retained consultants as of the date hereof, remain employees and/or consultants of the Company, on terms satisfactory to Parent provided that such terms shall be, in the aggregate, substantially similar to those currently enjoyed by such employees and consultants.

EMPLOYMENT AGREEMENTS AND RETENTION. Ira Xxxxxxxxx, Xxchxxx Xxxxxxxxx, Xxam Xxxxxxxxx xxx such other key employees as designated by Parent in Schedule 8.1(d) ("Key Employees") shall have entered into employment agreements with the Surviving Corporation in form and substance mutually satisfactory to the Company Shareholders and the Surviving Corporation. Eighty percent (80%) of the employees of each Company and regularly retained consultants shall have entered into employment agreements with the Surviving Corporation. All employees will receive compensation packages based on their level of experience, seniority and other criteria generally considered for employees in the industry and substantially equivalent to the employment agreements of the employees of the Parent; provided that such employees are offered compensation and benefits at least as favorable as each has received at the Company at which each was employed; provided, further that it shall be a condition to any such continued employment with the Surviving Corporation that all employees shall have entered into non-competition and non-solicitation agreements. All employees shall be eligible to participate in the Parent's Employee Stock Option Plan and Share Purchase Scheme.

Related to EMPLOYMENT AGREEMENTS AND RETENTION

Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.
Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.
Employment and Non-Competition Agreements The Employment and Non-Competition Agreements described in SECTION 6.2 hereof shall have been duly executed and delivered by all parties thereto and shall be in full force and effect.
Employment and Consulting Agreements Xxxxxxx X. Xxxx and Xxxx X. Xxxxxx shall have executed and delivered employment agreements with BRI, and Xxxxxx Xxxx shall have executed and delivered a Consulting Agreement with BRI.
Consulting Agreements Buyer shall have entered into the Consulting Agreements with the Shareholders.
No Employment Agreement Nothing in this agreement shall give the Executive any rights to (or impose any obligations for) continued employment by the Company or any Affiliate or subsidiary thereof or successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Executive.
Amendments to Employment Agreement Effective as of the date hereof, the Employment Agreement shall be amended as provided in this Section 1.
Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.
Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.
of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows: