Officer Obligations. Each Holder that is an officer of the Company agrees that if and for so long as he or she is employed by the Company or any Subsidiary thereof, he or she will participate fully in the sale process in a manner customary for persons in like positions and consistent with his or her other duties with the Company, including the preparation of the registration statement and the preparation and presentation of any road shows.
Officer Obligations. No Officer Obligation will become payable upon completion of the Offer, except as set out in the Company Disclosure Letter, and except for payments made to officers or directors in respect of their Options as provided for in this Agreement.
Officer Obligations. During the term of this Agreement, and excluding any periods of vacation and sick leave to which Officer is entitled, Officer agrees to devote his full time and attention spent on business matters to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to Officer by the Company that do not constitute Good Reason, to use Officer’s reasonable best efforts to perform faithfully and efficiently such responsibilities; provided, that it shall not be a violation of this Agreement for Officer to, without limitation, (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions, (iii) manage personal investments and (iv) perform such other activities as the Board may approve, so long as such activities do not interfere materially with the performance of Officer’s responsibilities as an employee of the Company. It is expressly understood and agreed that to the extent that any such activities have been either (i) conducted by Officer and disclosed to the Board prior to the Effective Date or (ii) approved by the Board prior the date of a Change of Control, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) shall not thereafter be deemed to interfere with the performance of Officer’s responsibilities to the Company.
Officer Obligations. Each officer of the Company that is a Party agrees that if and for so long as he or she is employed by the Company or any Subsidiary thereof, he or she will participate fully in the sale process in a manner customary for persons in like positions and consistent with his or her other duties with the Company, including the preparation of the registration statement and the preparation and presentation of any road shows. The Company agrees to cause any of its officers that are not Parties to be subject to obligations substantially similar to those contained in this Section 4B.
Officer Obligations. Immediately prior to the Expiry Time, neither the Company nor Acquiror shall have any obligations or be required to make any payments to the officers, directors, employees and consultants of the Company in respect of any severance or termination payment as a result of a termination of employment or change of control of the Company upon giving effect to the transactions contemplated by this Agreement, except as set forth in the Disclosure Letter.
Officer Obligations. The Officer Obligations do not exceed an aggregate of $5.5 million.
Officer Obligations. Officer Obligations do not exceed an aggregate of $15 million for severance payable to officers.
Officer Obligations. Each officer of Holdings that is a Party agrees that if and for so long as he or she is employed by Holdings or any Subsidiary thereof, he or she will participate fully in the sale process in a manner customary for persons in like positions and consistent with his or her other duties with Holdings, including the preparation of the registration statement and the preparation and presentation of any road shows. Holdings agrees to cause any of its officers that are not Parties to be subject to obligations substantially similar to those contained in this Section 4B.
Officer Obligations. Officer Obligations and Transaction Costs, respectively, do not exceed the amounts set forth in Schedule C, and Officer Obligations will not be paid out to the extent that aggregate Transaction Costs exceed $500,000.
Officer Obligations. There are no Officer Obligations relating to PPI or any PPI Subsidiary except as set forth in Schedule 8.8.
