Employment Agreements; Compensation Sample Clauses

Employment Agreements; Compensation. The Agent shall have received copies of all employment agreements to which the Borrower is a party.
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Employment Agreements; Compensation. 44 SECTION 4.1.13 Pension and Welfare Liabilities..........................................44 SECTION 4.1.14 Insurance................................................................45 SECTION 4.1.15 Financial Information, etc...............................................45 SECTION 4.1.16
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Employment Agreements; Compensation. The Agent shall have received copies of all employment agreements to which the Borrower is a party, and the Agent shall be reasonably satisfied in all respects with the levels of compensation (including, without limitation, fees, wages, salaries, deferred payment arrangements, stock options, incentive plans and pension or employee benefit contributions) paid to key members of management.
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Employment Agreements; Compensation. Schedule 4.11(a) sets forth a true and complete roster of all current employees of Sellers, including their titles, dates of hire and current salary, wage or commission levels. Except as disclosed on Schedule 4.11(b), Sellers have not entered into, nor has any obligation or liability with respect to, any employment or consulting agreement, employee leasing agreement, executive compensation plan, collective bargaining agreement, deferred compensation agreement, supplemental retirement income agreement, split dollar insurance plan, bonus plan, employee pension plan or retirement plan, employee profit sharing plan, employee stock purchase or stock option plan, severance agreement or any other agreement or arrangement providing for remuneration or benefits to current or former employees of Sellers or their dependents. Except as set forth on Schedule 4.11(c), Sellers do not have any liability to any person presently or formerly employed by it in connection with the operations of its business for any arrears in wages, salaries, deferred compensation, supplemental retirement income, overtime pay, vacation, time off, or pay in lieu of vacation or time off (other than for normal wage accruals with respect to the Sellers' current pay period and vacation pay) or for any other payments or penalties for failure to comply with any statute, law, rule, regulation or agreement relating to or affecting the Business, nor is there any basis known to Sellers for any such liability. It is understood and agreed that the previous sentence does not apply to any Sellers' liability which has been finally and fully resolved with no continuing or contingent obligation on the part of the Sellers.
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Employment Agreements; Compensation. 14 4.12 Leases.......................................................14 4.13
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Employment Agreements; Compensation. The Administrative Agent shall have received copies of all employment agreements to which any Credit Party is a party.
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Employment Agreements; Compensation. The Agent shall have received copies of all employment agreements to which Brunswick or any of its Subsidiaries is a party (including STI or any of its Subsidiaries), and the Agent shall be satisfied in all respects with the levels of compensation (including, without limitation, fees, wages, salaries, deferred payment arrangements, stock options, incentive plans and pension or employee benefit contributions) paid to key members of management.
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Employment Agreements; Compensation. During the Forbearance Period, the Operating Partnership shall not, without the consent of the Threshold Holders, commence, enter into or make or implement any amendment, waiver, supplement or other modification to any employment agreement or employee compensation plan or pay or cause to be paid any amount contemplated by such agreements or plans before the date on which such amount becomes due and payable pursuant to the terms of the such agreements or plans, as applicable.
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Employment Agreements; Compensation. 45 4.1.15. Pension and Welfare Liabilities . . . . . . . . . . . . . . . . . . . 46 4.1.16. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 4.1.17. Financial Information, etc. . . . . . . . . . . . . . . . . . . . . . 46 4.1.18. Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 4.1.19. Review of Borrower's Operations . . . . . . . . . . . . . . . . . . . 47 4.1.20.
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Related to Employment Agreements; Compensation

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • 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 Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

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