Common use of Incentive Schemes Clause in Contracts

Incentive Schemes. No Target Company has introduced, or has agreed to introduce, any share incentive scheme, share option scheme or profit sharing, bonus, commission or other such incentive scheme for any directors or Employees or other workers engaged in its business. As a direct result of the entry into and performance of the Transaction Documents, no director or Employee of any Target Company will be entitled to any financial or other benefit.

Appears in 1 contract

Samples: Share Purchase Agreement (Hungarian Telephone & Cable Corp)

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Incentive Schemes. No Target Company has, nor has introduced, or has any of them agreed to introduce, any share incentive scheme, share option scheme or profit sharing, bonus, commission or other such incentive scheme for any directors Employee or Employees or other workers engaged in its business. As a direct result past employee of any of the entry into and performance of the Transaction Documents, no director or Employee of any Target Company will be entitled to any financial or other benefitCompanies.

Appears in 1 contract

Samples: Agreement for the Sale and Purchase of Business (Harsco Corp)

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Incentive Schemes. No None of the Target Company Companies nor the Business Seller has, nor has introduced, or has any of them agreed to introduce, any share incentive scheme, share option scheme or profit sharing, bonus, commission or other such incentive scheme for any directors or Employees or other workers engaged in its business. As a direct result of the entry into and performance of the Transaction Documents, no director or Employee of any Target Company will be entitled to any financial or other benefit.

Appears in 1 contract

Samples: Agreement for the Sale and Purchase of Sirva Inc’s Continental European Moving Services Operations (Sirva Inc)

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