Key Person Pool Sample Clauses

Key Person Pool. Following the date hereof and prior to the Closing, the Company shall assist Buyer Parent and Buyer to establish an incentive program for certain Company Agents or employees of a Company Entity (the “Key Person Pool”) that will become effective following the Closing, on the terms and conditions described on Schedule 6.18 and such other terms and conditions (including with respect to vesting) as are consistent with the terms and conditions set forth on Schedule 6.18 and Buyer Parent’s existing equity incentive plans and other applicable terms and conditions under such plans, otherwise established by Buyer Parent after reasonable consultation with the Company. The Key Person Pool shall be composed solely of restricted stock units of Buyer Parent. The Company shall reasonably cooperate with Buyer in establishing and implementing the Key Person Pool and use reasonable best efforts to deliver any materials reasonably requested by Buyer to facilitate the Key Person Pool. Buyer Parent and Buyer will (x) communicate to recipients of the Key Person Pool their awards at a time agreed by the Company (and, in any event, no less than five (5) Business Days prior to the Closing) and (y) cause the Key Person Pool to be effective within five (5) Business Days after the Closing (otherwise on terms and conditions consistent with those set forth in this Section 6.18).
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Related to Key Person Pool

  • Key Person Life Insurance The Company shall maintain and keep in full force and effect key person life insurance on the life of Shal▇▇ ▇. ▇▇▇▇▇▇ ▇▇ an aggregate amount of not less than $5,000,000 with the proceeds thereof payable to the Company.

  • Participation in Benefit Plans The Executive shall be eligible to participate in the employee benefit plans and programs maintained by the Company from time to time for its executives, or for its employees generally, including without limitation any life, medical, dental, accidental and disability insurance and profit sharing, pension, retirement, savings, stock option, incentive stock and deferred compensation plans, in accordance with the terms and conditions as in effect from time to time.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Participation in Retirement and Employee Benefit Plans The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.

  • Participation in Employee Benefit Plans The Executive shall be permitted during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, or any pension plan or similar benefit plan of the Company, which is available generally to other senior executives of the Company.