Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive's legal employer. For purposes of this Agreement, any reference to Executive's termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The obligations created under this Agreement are obligations of the Company. For purposes of this paragraph, a "
Appears in 3 contracts
Samples: Executive Employment Agreement (Ballantyne of Omaha Inc), Executive Employment Agreement (Ballantyne of Omaha Inc), Executive Employment Agreement (Ballantyne of Omaha Inc)
Employment by a Subsidiary. Either the Company or a Subsidiary subsidiary may be Executive's ’s legal employer. For purposes of this Agreement, any reference to Executive's ’s termination of employment with the Company means termination of employment with the Company and all Subsidiariesits subsidiaries, and does not include a transfer of employment between any of them. The obligations created under this Agreement are obligations of the Company. For purposes of this paragraphSection, a "“subsidiary” means an entity more than 50% of whose equity interests are owned directly or indirectly by the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Ballantyne Strong, Inc.), Non Qualified Stock Option Agreement (Ballantyne Strong, Inc.)
Employment by a Subsidiary. Either the Company or a Subsidiary subsidiary may be Executive's ’s legal employer. For purposes of this Agreement, any reference to Executive's ’s termination of employment with the Company means termination of employment with the Company and all Subsidiariesits subsidiaries, and does not include a transfer of employment between any of them. The obligations created under this Agreement are obligations of the Company. For purposes of this paragraphSection, a "“subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Ballantyne Strong, Inc.)
Employment by a Subsidiary. Either the Company or a Subsidiary subsidiary may be Executive's legal employer. For purposes of this Agreement, any reference to Executive's termination of employment with the Company means termination of employment with the Company and all Subsidiariesits subsidiaries, and does not include a transfer of employment between any of them. The obligations created under this Agreement are obligations of the Company. For purposes of this paragraphSection, a "subsidiary" means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Ballantyne Strong, Inc.)
Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive's ’s legal employer. For purposes of this Agreement, any reference to Executive's ’s termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The obligations created under this Agreement are obligations of the Company. For purposes of this paragraph, a "“
Appears in 1 contract
Samples: Executive Employment Agreement (Ballantyne of Omaha Inc)
