No Loans or Payments to Employees, Officers or Directors Sample Clauses

No Loans or Payments to Employees, Officers or Directors. Except as disclosed in the TriNet Filed SEC Documents or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee, officer or director of TriNet or any TriNet Subsidiary which, in the aggregate together with all such loans, has a principal amount in excess of $500,000, (ii) employment or severance agreement which, in the aggregate together with all such agreements, provides for payments in excess of $500,000 by TriNet or any TriNet Subsidiary or material consulting contract, or any material policy, agreement, program or arrangement of TriNet or any TriNet Subsidiary, (iii) agreement which, in the aggregate together with all other agreements, requires material payments to be made on a change of control or otherwise as a result of the consummation of the Merger or any of the other transactions contemplated by this Agreement with respect to any employee, officer or director of TriNet or any TriNet Managed Subsidiary or, to the Knowledge of TriNet, any TriNet Non-Managed Subsidiary or (iv) any agreement to appoint or nominate any person as a director of TriNet, any TriNet Managed Subsidiary or, to the Knowledge of TriNet, any TriNet Non-Managed Subsidiary.
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No Loans or Payments to Employees, Officers or Directors. Except as disclosed in the Starwood Filed SEC Documents or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee, officer, director or trustee of Starwood or any Starwood Subsidiary which, in the aggregate together with all such loans, has a principal amount in excess of $500,000, (ii) employment or severance agreement which, in the aggregate together with all such agreements, provides for payments in excess of $500,000 by Starwood or any Starwood Subsidiary or material consulting contract, policy, agreement, program or arrangement of Starwood or any Starwood Subsidiary, (iii) agreements which, in the aggregate together with all other agreements, requires material payments to be made on a change of control or otherwise as a result of the consummation of any of the transactions contemplated by this Agreement with respect to any employee, officer, director or trustee of Starwood or any Starwood Subsidiary or (iv) any agreement to appoint or nominate any person as a director of Starwood, New Starwood or any Starwood Subsidiary.
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No Loans or Payments to Employees, Officers or Directors. Except as set forth in the Company SEC Documents, or Schedule 3.1(i) to the Company Disclosure Letter or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee, officer or director of the Company, (ii) employment or severance contract or other arrangement with respect to severance with respect to any employee, officer or director of the Company or any Company Subsidiary, or (iii) any agreement to appoint or nominate any Person as a director of the Company.
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No Loans or Payments to Employees, Officers or Directors. Except as disclosed in the Weeks SEC Documents or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee or director, (ii) employment or consulting contracts, (iii) agreements requiring payments to be made on a change of control or otherwise as a result of the consummation of the REIT Merger, the OP Merger or any of the other transactions contemplated by this Agreement or the OP Merger Agreement with respect to any employee, officer or director of Weeks or any Weeks Subsidiary or (iv) any agreement to appoint or nominate any person as a director of Weeks.
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No Loans or Payments to Employees, Officers or Directors. Except as -------------------------------------------------------- disclosed in the Duke SEC Documents or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee or director, (ii) employment or consulting contracts, (iii) agreements requiring payments to be made on a change of control or otherwise as a result of the consummation of any of the transactions with respect to any employee, officer or director of Duke or any Duke Subsidiary or (iv) any agreement to appoint or nominate any person as a director of Duke.
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No Loans or Payments to Employees, Officers or Directors. There is no (i) loan outstanding from or to any employee, officer or director of the Company or any of its Subsidiaries, (ii) employment or severance contract or other arrangement with respect to severance with respect to any employee, officer or director of the Company or any of its Subsidiaries, or (iii) any agreement to appoint or nominate any Person as a director of the Company.
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No Loans or Payments to Employees, Officers or Directors. Except as set forth in Schedule 3.1(j) to the ROC Disclosure Letter or as otherwise specifically provided for in this Agreement, there is no (i) loan outstanding from or to any employee or director, (ii) employment or severance contract, (iii) other agreement requiring payments to be made on a change of control or otherwise as a result of the consummation of any of the Transactions with respect to any employee, officer or director of ROC or any ROC Subsidiary or (iv) any agreement to appoint or nominate any person as a director of ROC or Chateau.
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No Loans or Payments to Employees, Officers or Directors. There is no (i) loan outstanding from or to any employee, officer or director of Advisor or an Advisor Subsidiary, (ii) employment, severance or consulting contract, policy, agreement, program or arrangement, (iii) agreements requiring payments to be made on a change of control or otherwise as a result of the consummation of the Advisor Merger or any of the other transactions contemplated by this Agreement with respect to any employee, officer or director of Advisor or any Advisor Subsidiary or (iv) any agreement to appoint or nominate any person as a director of Advisor or any Advisor Subsidiary.
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No Loans or Payments to Employees, Officers or Directors. Except as set forth in the Suites SEC Documents, or Schedule 3.1(h)(ii) or 3.1(j) to the Suites Disclosure Letter or as otherwise specifically provided for in this Agreement there is no (i) loan outstanding from or to any employee, officer or director of Suites, (ii) employment or severance contract or other arrangement with respect to severance with respect to any employee, officer or director of Suites or any Suites Subsidiary, (iii) other agreement requiring payments to be made on a change of control or otherwise as a result of the consummation of the Merger or any of the other transactions contemplated hereby with respect to any employee, officer or director of Suites or any Suites Subsidiary or (iv) any agreement to appoint or nominate any person as a director of Suites or the Company.
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Related to No Loans or Payments to Employees, Officers or Directors

  • Directors, Officers and Employees The Administrator shall authorize and permit any of its directors, officers and employees who may be elected as trustees or officers of the Trust and/or the Funds to serve in the capacities in which they are elected. All services to be furnished by the Administrator under this Agreement may be furnished through such directors, officers or employees of the Administrator.

  • Officers, Directors and Employees JML has one officer and director, namely Xxxxx Polos, and has no employees.

  • No Personal Liability of Directors, Officers, Employees and Shareholders No past, present or future director, officer, employee, incorporator or shareholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

  • No Personal Liability of Directors, Officers, Employees and Stockholders No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

  • No Personal Liability of Directors, Officers, Employees and Unitholders None of the General Partner or any past, present or future director, officer, partner, employee, incorporator, manager or unitholder or other owner of Capital Stock of the General Partner, the Issuers or any Guarantor, as such, shall have any liability for any obligations of the Issuers or any Guarantor under the Notes, the Subsidiary Guarantees or this Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

  • Directors and Executive Officers The corporation shall indemnify its directors and executive officers (for the purposes of this Article XI, “executive officers” shall have the meaning defined in Rule 3b-7 promulgated under the 0000 Xxx) to the extent not prohibited by the DGCL or any other applicable law; provided, however, that the corporation may modify the extent of such indemnification by individual contracts with its directors and executive officers; and, provided, further, that the corporation shall not be required to indemnify any director or executive officer in connection with any proceeding (or part thereof) initiated by such person unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the corporation, (iii) such indemnification is provided by the corporation, in its sole discretion, pursuant to the powers vested in the corporation under the DGCL or any other applicable law or (iv) such indemnification is required to be made under subsection (d).

  • Compensation of Trustees, Officers and Employees No Trustee, officer or employee of the Trust or the Fund shall receive from the Trust or the Fund any salary or other compensation as such Trustee, officer or employee while he is at the same time a director, officer, or employee of the Subadviser or any affiliated company of the Subadviser, except as the Board may decide. This paragraph shall not apply to Trustees, executive committee members, consultants and other persons who are not regular members of the Subadviser’s or any affiliated company’s staff.

  • Loans to Directors or Officers There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or its Subsidiaries to or for the benefit of any of the officers or directors of the Company, its Subsidiaries or any of their respective family members, except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Post-Closing Board of Directors and Executive Officers (a) The Parties shall take all necessary action, including causing the directors of the Pubco to resign, so that effective as of the Closing, Pubco’s board of directors (the “Post-Closing Pubco Board”) will consist of seven (7) individuals. Immediately after the Closing, the Parties shall take all necessary action to designate and appoint to the Post-Closing Pubco Board (i) the two (2) persons that are designated by Purchaser prior to the Closing (the “Purchaser Directors”), at least one (1) of whom shall be required to qualify as an independent director under Nasdaq rules, (ii) the four (4) persons that are designated by the Company prior to the Closing (the “Company Directors”), at least two (2) of whom shall be required to qualify as an independent director under Nasdaq rules; and (iii) the one (1) person that is mutually agreed upon and designated by Purchaser and the Company prior to the Closing (the “Independent Director”) who shall be required to qualify as an independent director under Nasdaq rules. Pursuant to the Amended Pubco Charter as in effect as of the Closing, the Post-Closing Pubco Board will be a classified board with two classes of directors, with (I) one class of directors, consisting of two Company Directors designated by the Company and the Independent Director (collectively, the “Class I Directors”), initially serving a one (1) year term, such term effective from the Closing (and any subsequent Class I Directors serving a two (2) year term), and (II) a second class of directors, consisting of two Company Directors designated by the Company and the Purchaser Directors (collectively, the “Class II Directors”), initially serving a two (2) year term, such term effective from the Closing (and any subsequent Class II Directors serving a two (2) year term). In accordance with the Pubco Charter as in effect at the Closing, no director on the Post-Closing Pubco Board may be removed without cause. At or prior to the Closing, Pubco will provide each Purchaser Director, Company Director and the Independent Director with a customary director indemnification agreement, in form and substance reasonably acceptable to such Purchaser Director, Company Director or Independent Director.

  • Officers and Employees (a) The day-to-day operational management of the Company may be exercised by such officers of the Company as may be appointed from time to time in accordance with this Section 4.3 (the “Officers”). The Managers may appoint such Officers as they may determine from time to time. The Officers, subject to the direction and control of the Managers, shall do all things and take all actions necessary to run the business of the Company. Each Officer shall have the powers and duties as may be prescribed to him or her by the Managers and, to the extent not so prescribed, as generally pertain to their respective offices. Each Officer shall hold office at the pleasure of the Managers. Each Officer shall serve until the earlier of his or her death, resignation or removal, and any Officer may be removed at any time, with or without cause, by the Managers. Any vacancy in any office shall also be filled by the Managers. Any Officer may resign at any time by delivering his or her written resignation to the Managers.

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