Redemption Agreements. (i) F, G, and H are shareholders of S, a corporation. F is also an employee of S. By agreement, S is to redeem F’s shares on the termination of F’s employment.
(ii) On these facts, under paragraph (l)(2)(iii)(B) of this section, the agreement is disregarded in determining whether all out- standing shares of S’s stock confer identical rights to distribution and liquidation pro- ceeds.
Redemption Agreements. Each of the TWC Redemption Agreement and the TWE Redemption Agreement shall have been terminated without the closings thereunder occurring.
Redemption Agreements. At the Effective time, the Company will succeed to the obligations of Parent under (i) the amended and restated redemption agreement entered into on December 20, 2012, by and between Xxxxxxx X. Xxxxxxx (“Xxxxxxx”), certain trusts named therein and Parent, as amended by the letter agreement dated June 20, 2014, by and between Xxxxxxx and Parent, and (ii) the amended and restated share price protection agreement entered into on December 20, 2012 by and between Xxxxxxx and Parent, both agreements referred to in clauses (i) and (ii) as modified by the settlement agreement & release entered into in May 2016, by and among Xxxxxxx, the Parent and the Company.
Redemption Agreements. At the Effective time, the Company will succeed to the obligations of Parent under (i) the redemption agreement entered into on November 20, 2012 and the share price protection agreement entered into on November 20, 2012, each by and between Xxxxxx X. Xxxx and Parent(2); (ii) the amended and restated redemption agreement entered into on December 20, 2012, by and between Xxxxxxx X. Xxxxxxx (“Xxxxxxx”), certain trusts named therein and Parent, as amended by the letter agreement dated June 20, 2014, by and between Xxxxxxx and Parent; and (iii) the amended and restated share price protection agreement entered into on December 20, 2012 by and between Xxxxxxx and Parent.
Redemption Agreements. The busi- ness entity purchases the departing owner’s interest. The interests of the remaining owners will increase pro rata as a result of the “retired” ownership interest. The advantage of this arrangement is its simplicity and the psychological effect of the entity sup- plying the funds for the purchase. Further, if insurance will be utilized for the purchase, the number of policies necessary for the funding is reduced and the concerns regarding premium payments are mitigated. The disadvan- tage of this arrangement is that the remaining owners may not get a step- up in basis in their ownership interest as a result of the purchase (depending upon the circumstances).
Redemption Agreements. The Company and the Sellers shall have executed and delivered the Redemption Agreements.
Redemption Agreements. The Company shall have received a redemption agreement reasonably satisfactory to Parent duly executed by each holder of Senior Notes indicating that upon payment of the Senior Notes Amount specified in such redemption agreement, all outstanding obligations of the Acquired Companies to such holder arising under or related to the Senior Notes shall be repaid and extinguished in full and that upon receipt of such amount such Senior Notes shall be redeemed in full.
Redemption Agreements. 34 3.32 Disclosure...............................................................................................34
Redemption Agreements. The Company and each of the Option Holders --------------------- have entered into Redemption Agreements, true and complete copies of which are attached hereto as Exhibits B, C and D. -------------------
Redemption Agreements. A Redemption Agreement, duly executed by the holders of the Series B Preferred Stock, and a Waiver of Redemption Notice, duly executed by the holders of the Series A Preferred Stock, each attached hereto as Exhibit I (the “Redemption Agreements”).
