EMPLOYMENT AGREEMENTS AND RETENTION Sample Clauses

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.
Sample 1
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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.
Sample 1
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.
Sample 1

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.

  • Retention Agreements The parties agree and acknowledge that the obligations due to each of Xxxx Xxxxxx, Xxx Xxxx, Xxxx Xxxxx, Xxx Xxxxx and Xxxxxx X. Xxxxxxxxxx pursuant to the Retention Agreements shall not be due and payable until such amounts are due under such Retention Agreements and that, notwithstanding the foregoing, such amounts shall be deducted from the Aggregate Merger Consideration at the Closing as Company Transaction Expenses and paid by the Surviving Corporation when due under the Retention Agreements. Parent agrees to cause the Surviving Corporation to transmit any amounts deducted from the Effective Date Aggregate Merger Consideration with respect to the Retention Agreements that, after the Closing, no longer will become due or payable in accordance with the terms of the Retention Agreements as determined in good faith by the Surviving Corporation, plus an amount equal to three and 15/100 percent (3.15%) interest compounding annually on the obligations due pursuant to the Retention Agreements (collectively, the “Unused Retention Amount”) to the Stockholders’ Representative for distribution to the Stockholders.

  • 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 employees of Target set forth on Schedule 5.17 shall have accepted employment with Acquiror and shall have entered into an Employment and Non-Competition Agreement substantially in the form attached hereto as Exhibits H-1, et. seq.

  • 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.

  • Employment and Noncompetition Agreements The Employment and Noncompetition Agreements referred to in Sections 7.1 and 8.3, duly executed by the persons referred to in such Sections.

  • Severance Agreements (a) In the event of the termination of employment of the Executive by Horizon for any reason whatsoever other than for Cause at any time from and after the date of this Agreement or in the event of termination of employment of the Executive by the Executive with Good Reason (as defined in Section 3 hereof) at any time within the twelve (12) month period after the occurrence of a Change of Control:

  • Prior Employment Agreement Effective as of the Agreement Date, this Agreement supersedes any prior employment agreement between the Employee and the Company.

  • Compensation; Employment Agreements 16 5.15 Noncompetition, Confidentiality and Nonsolicitation Agreements; Employee Policies...... 16 5.16

  • Consulting Agreements The Corporation has entered into consulting agreements with the following parties: Party Effective Date

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