Retention Plans and Extraordinary Payments Sample Clauses

Retention Plans and Extraordinary Payments. Other than retention packages subject to the adjustments provided in Section 2.3.2(iv) and 2.4.2(iii) above, (i) there are no other retention plans and/or similar extraordinary payments to the administrators, directors, officers or employees of AES Brasil and/or its subsidiaries payable by AES Brasil and/or its subsidiaries; and (ii) neither the execution and formalization of this Agreement, nor the completion of the transaction provided for in this Agreement (individually or in conjunction with any additional or subsequent events) (a) will result in any extraordinary payment, or in the increase of benefits or increase in remuneration to any administrators, directors, officers or employees of AES Brasil and/or its subsidiaries (including severance pay, golden parachute, bonus or any other type of payment), other than retention packages subject to the adjustments provided in Section 2.3.2(iv) and 2.4.2(iii); (b) will result in the forgiveness of any indebtedness owed by any officers, directors, officers or employees to AES Brasil and/or its subsidiaries; or (c) will result in the acceleration of the term of any payment, acquisition or financing of any benefits made available by AES Brasil and/or its subsidiaries to any of its officers, directors, officers or employees.
Sample 1
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Related to Retention Plans and Extraordinary Payments

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

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  • Termination This Agreement may be terminated at any time prior to the Closing:

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  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

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