Common use of Employment with the Purchaser Clause in Contracts

Employment with the Purchaser. a. Executive will not be entitled to the Retention Payment if the purchaser of Norlight’s stock or substantially all of its assets (the “Purchaser”) offers to engage Executive. Executive will be entitled to the Retention Payment if the Purchaser does not offer to engage Executive. “Engage” shall mean and include engagement as an employee, independent contractor, consultant, advisor or in any other similar relationship. Notwithstanding the foregoing:

Appears in 7 contracts

Samples: Retention Agreement (Norlight Telecommunications, Inc.), Retention Agreement (Norlight Telecommunications, Inc.), Retention Agreement (Norlight Telecommunications, Inc.)

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