Key Employee Agreement Sample Clauses
Key Employee Agreement. The Key Employee shall have entered into the Key Employee Agreement.
Key Employee Agreement. This agreement amends and supercedes the severance payment provision set forth in paragraph 2.2(c) of the Key Employee Agreement between the Company and Executive dated September 24, 2001. In all other respects, nothing herein contained is intended or will be construed as a waiver, modification, amendment or replacement for the Key Employee Agreement, which remains in full force and effect. In witness whereof, the parties hereto have executed this Agreement as of the date first set forth above. MACROCHEM CORPORATION By:s/s Robert J. Palmisano ------------------------------------- Robert J. Palmisano Presidxxx xxx Xxxxx Xxxxxtive Officer s/s Thomas C. K. Chan ------------------------------------- Thomas C.K. Chan
Key Employee Agreement. Jones and the Company are parties to a severance agreement dated Febxxxxx 1, 1999 (the "Key Employee Agreement"). Jones and the Company agree that the Key Employee Agreement is cancexxx xnd its provisions void and of no effect as of the date of this Agreement.
Key Employee Agreement. This agreement amends and supercedes the severance payment provision set forth in paragraph 2.2(d) of the Key Employee Agreement between the Company and Executive dated November 16, 2000. In all other respects, nothing herein contained is intended or will be construed as a waiver, modification, amendment or replacement for the Key Employee Agreement, which remains in full force and effect.
Key Employee Agreement. This Agreement shall be subject to the provisions of Sections 3, 4, 6, 8-11 and 13-15 of the Key Employee Agreement, which provisions are hereby incorporated by reference as part of this Agreement.
Key Employee Agreement. The Key Employee will have delivered to Parent the executed offer letter, employment or consulting agreement and any related agreements in forms to be agreed upon between Key Employee and Parent ( “Key Employee Agreement”).
Key Employee Agreement. Buyer and Xxxxxx Xxxxxxxx shall agree to the principal terms of Xx. Xxxxxxxx'x employment with Buyer on or before the Bankruptcy Filing Date, subject to approval by the respective Boards of Directors of Buyer and Overland and the execution and delivery of appropriate documentation.
Key Employee Agreement. Buyer acknowledges that Seller is a party to an Executive Employment Agreement with Terrx Xxxxxxxx ("Xherxxxx") xated July ___, 1998 (the "Sheridan Agreement"). Buyer shall, at the Time of Closing, assume Seller's obligations under the Sheridan Agreement, subject to the following:
(a) If Sheridan's employment with Buyer is terminated prior to the one year anniversary of the Time of Closing, Seller shall pay 50% of the severance pay (including the cost of all benefits) due Sheridan under the Sheridan Agreement.
(b) Upon the expiration of such one year period, for the next succeeding 24 months, if Sheridan's employment is terminated, Seller's portion of such severance pay (including the cost of all benefits) shall decrease ratably each month from 50% of $235,194 such that after the expiration of the 24 month period, Seller shall have no liability for any severance payments to Sheridan.
Key Employee Agreement. Parent will have executed and delivered the Key Employee Agreement, substantially in the form as annexed hereto, with such additions, deletions, amendments, modifications, changes and completions as are mutually acceptable to all parties, it being understood that the Key Employee has not yet reviewed and approved such form, to be effective at Closing.
Key Employee Agreement. 1.7(d) LEASED REAL PROPERTY..................................... 3.1(j) LEASES................................................... 3.1(j) LIABILITY................................................ 1.4(a) LICENSE AGREEMENTS....................................... 3.1(k) LICENSED SOFTWARE........................................ 3.1(l) LOSSES................................................... 6.2(a) MATERIAL ADVERSE EFFECT.................................. 3.1(a) MULTIEMPLOYER PLAN....................................... 3.1(u) NOTICE OF CLAIM..........................................