Employment Agreements; Severance Sample Clauses

Employment Agreements; Severance. To the extent LE does not have final copies of any LE Employment Agreements and SHMC has copies of such documents, SHMC will provide copies of all LE Employment Agreements and other assumed documents to LE upon LE’s written request. Except as expressly provided in this Agreement, neither the consummation of the transactions contemplated by this Agreement nor the termination of the status of LE as an affiliate of SHC shall cause any employee to be deemed to have incurred a termination of employment which entitles such individual to the commencement of benefits under any severance program or LE Employment Agreement. Notwithstanding the foregoing, LE shall be solely responsible for all Liabilities in respect of all costs arising out of payments and benefits relating to the termination or alleged termination of any LE Employee’s employment with SHC that occurs as a result of or in connection with the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements, including any amounts required to be paid (including any payroll or other Taxes), and the costs of providing benefits, under any applicable severance, separation, redundancy, termination or similar plan, program, practice, contract, agreement, law or regulation (such benefits to include any medical or other welfare benefits, outplacement benefits, accrued vacation, and Taxes).
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Employment Agreements; Severance. Except for the employment agreements listed in Schedule 3.28, neither Exponential, Exponential LP nor Exponential LLC is a party to any employment or severance agreement. The consummation of the Merger will not result, either immediately or through the passage of time or the occurrence of a contingency, in any payment becoming due from Exponential, Exponential LP or Exponential LLC, or any Subsidiary to any officer or employee of Exponential, Exponential LP or Exponential LLC. ARTICLE IV
Sample 1
Employment Agreements; Severance. Except for the employment agreements set forth in Schedule 3.30, REXX is not a party to any employment or severance agreement. Neither the consummation of the Merger nor the passage of time following the consummation of the Merger will result in any payment becoming due from REXX or any Subsidiary to any officer or employee thereof.
Sample 1
Employment Agreements; Severance. Except for the employment agreements listed in Schedule 2.27, none of the Comcap Companies is a party to any employment or severance agreement. The consummation of the Merger will not result, either immediately or through the passage of time or the occurrence of a contingency, in any payment becoming due from any of the Comcap Companies to any officer or employee of the Comcap Companies.
Sample 1
Employment Agreements; Severance. Except as set forth in Section 4.15 of the Seller Disclosure Schedule, Seller is not a party to any employment agreement or consulting agreement with any Person, nor is any such contract or agreement presently being negotiated, and Seller is not liable for any severance pay or other payments to any employee or former employee arising from the termination of employment, nor will Seller have any liability under any benefit or severance policy, practice, agreement, plan, or program which exists or arises, or may be deemed to exist or arise, under any applicable Law or otherwise, as a result of or in connection with the transactions contemplated hereunder or as a result of the termination of any Persons employed by Seller on or prior to the Closing Date. It is acknowledged that Seller’s obligations under any such employment agreement, severance plan or other obligation thereunder are not Assumed Liabilities even if identified in the Seller Disclosure Schedule.
Sample 1
Employment Agreements; Severance. (a) Each of Xxxx Xxxxxxx, Xxxxx Xxxxxxx, Xxxxxxx X. Xxxxxxxxxx, Xxxxxxx X. XxXxxxx, Xxxxxx Xxxxxxxxx, Xxxx Xxxxxx and Xxxxx X. Xxxxx shall have executed employment agreements with the Company in form and substance satisfactory to Parent and each such individual party thereto; and (b) Xxxxxxx X. Xxxx shall have executed a severance agreement with the Company in form and substance satisfactory to Parent and Xx. Xxxx.
Sample 1

Related to Employment Agreements; Severance

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • 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.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

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

  • Termination Severance Either party may terminate the employment relationship as evidenced by this Agreement at any time and for any reason upon ninety days written notice to the other.

  • Bonus Severance A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Termination and Severance Executive shall be entitled to receive benefits upon termination of employment only as set forth in this Section 4:

  • Severance Agreements In the event any Newco Group Employee is eligible for severance benefits on account of a termination of employment on or after the Effective Time, Newco shall require such employee, as a condition of receiving severance benefits, to agree in writing to a release of existing claims and confidentiality and non-solicitation provisions in favor of Newco, Vornado, and JBG, in a form substantially the same as Schedule 7.2(b); provided that for a Newco Group Employee who is subject to an individual employment or severance agreement or arrangement, the release of claims shall be as set forth in such individual employment or severance agreement or arrangement.

Time is Money Join Law Insider Premium to draft better contracts faster.