Key Executive Sample Clauses
Key Executive. Ken Xxxxxxxxxx xxxll have accepted employment with the Surviving Company pursuant to the Employment Agreement as of the Effective Time and shall have accepted a position as Vice Chairman of Parent.
Key Executive. Any Key Executive:
(i) ceases to be a full-time employee and director of the Parent devoting the time and attention to the affairs of the Group required by the terms of the applicable service contract;
(ii) dies; or
(iii) becomes unable (for whatever reason) adequately to carry out the functions required to be performed by that Key Executive by the terms of the applicable service contract, and in any such event a replacement for that Key Executive has not been appointed (following consultation with the Mezzanine Lenders) within six months of such event or, having been so appointed within six months, has not taken up employment within six months of appointment but no later than nine months from the date of such event (or such other period as may be agreed with the Majority Mezzanine Lenders (acting reasonably)).
Key Executive. The Key Executive shall not be incapable of performing his long-term duties and functions consistent with the requirements of the Employment Agreement because of the death or incapacitation of the Key Executive.
Key Executive. Xxxx X. XxXxxxxx, the Chairman of the Board of Directors of Blessings Corporation.
Key Executive. The Employment Agreement between Parent and Xxx Xxxxxxxxxx executed concurrently herewith but effective as of the Effective Time ("EMPLOYMENT AGREEMENT") shall not have been terminated by Parent and Parent shall have appointed Xx. Xxxxxxxxxx as Vice Chairman of Parent as of the Effective Time.
Key Executive. Xxx Xxxxxxxxxx shall have accepted employment with the Surviving Company pursuant to the Employment Agreement as of the Effective Time and shall have accepted a position as Vice Chairman of Parent.
Key Executive. The Purchaser shall have received a duly signed employment agreement between Xx. XX Shengfeng (“Key Executive”) and such member of the Group as determined by the Purchaser at its discretion, in such form and terms satisfactory to the Purchaser, which terms shall include, among others, that (A) Xx. XX Shengfeng shall continue to serve as the Chairman of the board of directors and the legal representative of Xxx Xxx for three consecutive years from the Closing Date, and (B) without the prior written consent of the Purchaser, neither Xx. XX Shengfeng nor any of their direct relatives, including their parents, spouse and children, shall during the five years from the Closing Date, either on their own account or in conjunction with or on behalf of any other person, carry on or be engaged, concerned or interested, directly or indirectly, whether as shareholder, director, partner, agent or otherwise, in carrying on any business which competes, or do any act or omit to do any act which may assist or enable any other person to compete with the Business in the PRC.
Key Executive. Xxxxxx X. XxXxxxx, Xxxxx Xxxxxx and Xxxxxx X. Xxxxxxxxxxx.
Key Executive. Xxxxxx X. Xxxxxx, the Chief Executive Officer and President of Blessings Corporation.
Key Executive. The Employment Agreement between Parent and Ken Xxxxxxxxxx xxxcuted concurrently herewith but effective as of the Effective Time ("EMPLOYMENT AGREEMENT") shall not have been terminated by Parent and Parent shall have appointed Mr. Xxxxxxxxxx xx Vice Chairman of Parent as of the Effective Time.