Executive Loans. Neither Company nor any ERISA Affiliate has violated Section 402 of Xxxxxxxx-Xxxxx Act of 2002 and the execution of this Agreement and the consummation of the transactions contemplated hereby will not, to the knowledge of Company, cause such a violation.
Executive Loans. To the knowledge of Saturn and any Saturn ERISA Affiliate, neither Saturn nor any Saturn ERISA Affiliate has violated Section 402 of SOX.
Executive Loans. To the knowledge of Nova, neither Nova nor any Nova ERISA Affiliate has violated Section 402 of the Sxxxxxxx-Xxxxx Act of 2002 (“SOX”).
Executive Loans. Neither the Company nor any Affiliate has violated Section 402 of Sarbanes-Oxley Act of 2005 and the execution of thxx Xxxxxxxxx xnd the consummation of the transactions contemplated hereby will not, to the knowledge of the Company, cause such a violation.
Executive Loans. Make any loan or advance to any officer or shareholder of Borrower subject to Section 16 of the Securities Exchange Act.
Executive Loans. Neither Novadigm nor any Novadigm ERISA Affiliate has violated Section 402 of the Xxxxxxxx-Xxxxx Act and the execution of this Agreement and the consummation of the transactions contemplated hereby will not, to the knowledge of Novadigm, cause such a violation.
Executive Loans. The maturity of any loans made by the Company to the Executive under the Littelfuse Executive Loan Program shall remain unchanged and continue to be December 31, 2004, unless the employment of the Executive by the Company under this Agreement is terminated prior to December 31, 2003, in which event the maturity date of such loans shall be (i) the first anniversary of such termination unless such termination was by the Company for Cause or by the Executive without Good Reason or (ii) the date of such termination if such termination was by the Company for Cause or by the Executive without Good Reason. The Company and the Executive acknowledge that neither this Section 3.3 nor any other provision of this Agreement is intended in any way whatsoever to modify or amend the maturity or other terms of any such loans and this Section 3.3 as well as the other provisions of this Agreement are intended to comply in all respects with Section 402 of the Xxxxxxxx-Xxxxx Act of 2002.
Executive Loans. Neither the Company nor any ERISA Affiliate has made any loans to any executive officer of the Company or any ERISA Affiliate that are currently outstanding.
Executive Loans. The Company extended a loan to Executive in the amount of $131,000 in order for the Executive to repay a sign-on bonus owed to his previous employer pursuant to the terms of a Loan Agreement dated September 24, 2019 between the parties (the “Claw-back Loan Agreement”). The Executive agrees that the Company may deduct outstanding amounts under such loan from any of Executive’s after-tax Incentive Bonuses starting with fiscal year 2020 at a rate of 50% of the bonus amount to discharge the loan. If Executive’s employment with the Company is terminated without Cause as provided in Section 5(d) of this Employment Agreement, the balance of the loan under the Claw-back Loan Agreement will be forgiven. If Executive’s employment with the Company is terminated for any reason other than a termination of Executive without Cause in accordance with Section 5(d), Executive shall repay such loan in accordance with the terms of the Loan Agreement.
Executive Loans. As further compensation for the services of Executive, Xxxxx has loaned Executive a total of $175,000 during his employment. Such loans (the "Executive Loans") shall bear no interest. The Executive Loans shall be repaid in the following manner:
