Retention Arrangements. Without limiting the generality of Section 9.08(c), effective on or prior to the Distribution Date, WRECO shall, or shall cause the applicable WRECO Subsidiaries to, assume all Liabilities with respect to the WRECO Employees under each Weyerhaeuser Employee Benefit Plan (i) that is a retention plan set forth in Section 9.08(e)(i) of the Weyerhaeuser Disclosure Letter, together with all individual awards and agreements with any WRECO Employee with respect thereto, or (ii) that is an individual retention letter agreement with any WRECO Employee materially consistent with the form of retention letter agreement set forth in Section 9.08(e)(ii) of the Weyerhaeuser Disclosure Letter, including, in each case, any such awards or agreements entered into after the date hereof not in contravention of this Agreement (the plans, awards and agreements in clauses (i) and (ii), collectively, the “WRECO Employee Retention Arrangements”). From and after the Effective Time, Parent shall, and shall cause the Parent Subsidiaries to, maintain the WRECO Employee Retention Arrangements pursuant to their terms as in effect as of the Effective Time and make payments to the WRECO Employees at the times prescribed thereunder.
Retention Arrangements. (i) Purchaser and Seller agree to cooperate and implement the retention award program, if any, described in the Employee Matters Letter.
(ii) Purchaser and Seller shall cooperate to determine whether any additional retention bonus arrangement for Facility Employees is necessary. To the extent necessary, Purchaser and Seller shall cooperate to develop a retention bonus arrangement for Facility Employees. Provided, however, that any such retention bonus payable under such arrangement shall not be payable to any Facility Employee who terminates employment with Seller prior to the Closing Date or does not accept an offer of employment with the Purchaser or its Affiliate.
(iii) Purchaser, in its discretion, may establish and maintain a retention program for certain Transferred Employees, to be selected by Purchaser, in consultation with Seller, pursuant to terms and conditions that are determined by Purchaser in consultation with Seller. Purchaser shall be solely responsible for the retention program and all Liabilities arising from or related in any way thereto.
Retention Arrangements. 3.1 The SABMiller Group has put in place for the benefit of certain employees of the SABMiller Group, other than members of the SABMiller Executive Committee, cash retention payments of up to 100% of each participating employee’s annual base pay, payable in four equal instalments with the first instalment payable on or around 1 April 2016 and each subsequent instalment payable on or around 12, 18 and 24 months after the date of this Agreement (or on such other similar basis as SABMiller reasonably determines to accommodate local payroll arrangements). Subject to paragraph 3.2, each instalment of the retention payment is conditional only on: (i) the employee’s satisfactory performance to each payment date; (ii) the employee not having resigned prior to the date of payment of any such instalment (other than by reason of a qualifying termination as defined in paragraph 4.6(b)); and (iii) the employee not having been dismissed for “cause” or not being under notice of termination for “cause” or other serious misconduct from the relevant employing entity in the SABMiller Group on the date of payment of any such instalment. Those employees who SABMiller determines have sufficient retention through other incentive arrangements (whether existing long-term incentives or otherwise) will not be invited to participate in this programme.
3.2 In the event of a qualifying termination of an employee in receipt of a retention arrangement described in paragraph 3.1 after the Completion Date, any retention payment instalments which would otherwise have been payable after the termination date will be paid on termination.
3.3 Without prejudice to the retention arrangements described in this paragraph 3, AB InBev and SABMiller may put in place such additional retention and/or transaction and/or integration bonus arrangements as they may agree from time to time.
Retention Arrangements. 8.1 Ball has agreed that, for the purpose of protecting the business to be acquired pursuant to the Acquisition, Rexam may make cash retention awards to employees whose recruitment and/or retention is considered critical for achieving the successful completion of the Acquisition. For the avoidance of doubt, the Rexam executive directors may not receive retention awards pursuant to this paragraph 8.1.
8.2 Without prejudice to paragraph 6.3, Rexam and Ball agree to work in good faith to determine by the date which is the earlier of (a) three months prior to the Effective Date; and (b) 15 months following the date of this Agreement what additional amount Ball may want to pay to Rexam employees who may be required to work for a period of between 6 and 12 months following the Effective Date, such terms being offered on a case by case basis to reflect individual employee’s circumstances including but not limited to the expected duration of their employment following the Effective Date and existing entitlements on termination, and to be made by way of an appropriate mechanism to include, without limitation:
(a) a lump sum payment to be based on an agreed formula (to be paid in addition to any existing entitlement);
(b) an increase in base salary during the retention period; and/or
(c) an increase in severance pay.
Retention Arrangements. Retention Arrangements" shall mean the Company's employee retention plan and key executive retention plan described in Part 2.5 of the Company Disclosure Schedule.
Retention Arrangements. (l) Retention is defined as a specific amount of money withheld by the company from the floorlayer to cover the costs of rectifying any (substantiated) defective work performed by the floorlayer. Laying Tufted Conventional 3660 bl/m $32.89 $34.53 $36.26 $38.07 $39.98 Laying Tufted Conventional 1830 bl/m $18.25 $19.16 $20.12 $21.13 $22.18 Laying Tufted Direct Stick 3660 bl/m $31.05 $32.61 $34.24 $35.95 $37.75 Applying primer (supplied) bl/m $1.54 $1.62 $1.70 $1.78 $1.87 Laying Woven Conventional (Pre-sewn) 1830 bl/m $16.34 $17.15 $18.01 $18.91 $19.86 Laying Woven Conventional (Pre-sewn) 1000 bl/m $12.27 $12.88 $13.52 $14.20 $14.91 Laying Woven Conventional (Pre-sewn) 910 bl/m $10.67 $11.20 $11.76 $12.35 $12.97 Laying Woven Conventional (Pre-sewn) 690 bl/m $7.81 $8.20 $8.61 $9.04 $9.49 Laying Woven Conventional 3660 bl/m $40.66 $42.69 $44.82 $47.06 $49.42 Laying Woven Conventional 2000 bl/m $24.53 $25.76 $27.04 $28.40 $29.82 Laying Woven Conventional 1830 bl/m $23.21 $24.37 $25.59 $26.87 $28.21 Laying Woven Conventional 1000 bl/m $18.34 $19.25 $20.22 $21.23 $22.29 Laying Woven Conventional 910 bl/m $16.73 $17.57 $18.45 $19.37 $20.34 Laying Woven Conventional 690 bl/m $13.35 $14.02 $14.72 $15.46 $16.23 Laying Woven Direct Stick 3660 bl/m $40.10 $42.10 $44.20 $46.41 $48.74 Laying Woven Direct Stick 2000 bl/m $23.21 $24.37 $25.59 $26.87 $28.21 Laying Woven Direct Stick 1830 bl/m $21.31 $22.37 $23.49 $24.67 $25.90 Laying Woven Direct Stick 1000 bl/m $16.41 $17.23 $18.09 $19.00 $19.95 Laying Woven Direct Stick 910 bl/m $14.96 $15.71 $16.49 $17.32 $18.18 Laying Woven Direct Stick 690 bl/m $11.28 $11.84 $12.43 $13.05 $13.70 Uplift Existing Carpet – Direct Stick bl/m $10.12 $10.63 $11.16 $11.72 $12.30 Uplift Existing Carpet and Underlay & Smooth edge bl/m $10.12 $10.63 $11.16 $11.72 $12.30 Uplift Rubber Back Carpet and Mono slab bl/m $12.80 $13.44 $14.12 $14.82 $15.56 Removal of Adhesives Negotiable Remake and Relay Old Woven Carpet and Underlay bl/m $66.33 $69.65 $73.13 $76.79 $80.62 Remake & Relay Old Carpet, New Smooth edge and Underlay bl/m $57.12 $59.98 $62.98 $66.13 $69.43 Laying Tufted on Slab Rubber (Double Stick) 3660 bl/m $48.46 $50.88 $53.42 $56.09 $58.90 Laying Tufted on Slab Rubber (Double Stick) 1830 bl/m $25.75 $27.04 $28.39 $29.81 $31.30 Laying Woven on Slab Rubber (Double Stick) 3660 bl/m $55.98 $58.78 $61.72 $64.80 $68.04 Laying Woven on Slab Rubber (Double Stick) 1830 bl/m $30.06 $31.57 $33.14 $34.80 $36.54 Laying Woven on Slab Rubber (Double Stic...
Retention Arrangements. 11.1.1 Viavi consents for the purposes of Rule 21.1 of the Code to the Target Group, for the purpose of protecting the business to be acquired pursuant to the Acquisition, making cash retention awards (over and above annual bonuses and share incentive awards granted in line with the terms of this Schedule) to Target Employees whose retention the Target Remuneration Committee, or where applicable its delegate, determines is of significant importance for: (a) achieving the successful completion of the Acquisition; and/or (b) business continuity in the period up to the Effective Date, of an aggregate value (up to a maximum of USD 13 million (gross)) (“Retention Awards”), such consent being given on the basis that:
(i) 50% of each Retention Award is payable as soon as reasonably practicable (and in any event within 30 days) following the date the Target is delisted from the London Stock Exchange; and
(ii) 50% is payable as soon as reasonably practicable following the date falling 6 months following the Effective Date, subject to the relevant employees being employed by the Target Group or Viavi Group on, and not having resigned prior to, the payment date except that where the relevant employee has been subject to a Qualifying Termination or given or received notice of Qualifying Termination, in either case, during the period beginning on the Effective Date and ending on the applicable payment date, payment shall be made in full within 30 days of the date of such Qualifying Termination if earlier (provided that payment shall not be made prior to the Target being delisted from the London Stock Exchange).
11.1.2 Viavi’s consent in paragraph 11.1.1 above is being given on the basis that:
(i) the Retention Awards of up to USD 13,000,000 (gross) in aggregate shall be granted to between 180 and 250 Target Employees throughout the organisation at all levels including Executive Directors, Senior Directors, Directors, Vice Presidents and Managers whose retention is considered of significant importance to the business; and
(ii) except as provided in paragraph 11.1.3, that the amount of each Retention Award shall be equal to no more than twelve months of the applicable Target Employee’s base salary, with the majority of awards granted in amounts equal to around three to four months of the applicable Target Employee’s base salary.
11.1.3 Viavi agrees to implement the Retention Awards for the Executive Directors of the Target on the following terms and subject to Rule 21.1 ...
Retention Arrangements. 9.1 The parties agree to consult with each other with a view to developing appropriate retention arrangements for key employees.
Retention Arrangements. Parent shall, or shall cause the Surviving Corporation to, honor, in accordance with their terms as in effect immediately prior to the Effective Time, the retention arrangements which are between the Company and any officer or employee thereof (individually and collectively referred to herein as the “Executives”) or are maintained for the benefit of any Executive and are set forth in Section 5.9(h) of the Company Disclosure Letter (individually and collectively referred to herein as the “Retention Arrangements”). The obligations under this Section 5.9(h) shall not be terminated, amended, or otherwise modified in such a manner as to adversely affect any Executive (and his or her heirs and representatives) without the prior written consent of such affected Executive. Each of the Executives (and their heirs and representatives) are intended to be third party beneficiaries of this Section 5.9(h), with full rights of enforcement as if a party hereto.
Retention Arrangements. Shell and BG will consult prior to the Effective Date with a view to agreeing the implementation of cash-based retention arrangements for employees of the BG Group whom BG considers critical to achieving the successful closure of the Acquisition or business continuity throughout the period up to the Effective Date. As part of such consultation Shell and BG will in good faith seek to agree a total budget for such arrangements. BG will provide sufficient information to Shell in order for Shell to monitor the allocation of any agreed budget.
