Retention Program. The Executive shall be eligible to participate in ----------------- the Efficient Networks Retention Plan ("MRP") and the Efficient Networks Discretionary Retention Plan ("DRP"), each in accordance with their respective terms. The Executive shall receive an allocation of $2,000,000 under the MRP and an allocation of $7,000,000 under the DRP. Certain of the material terms of the MRP and the DRP are outlined on Schedule 1 hereto.
Retention Program. As of the Effective Time, the Surviving Trust shall adopt a severance and retention program (the "Retention Program") with respect to those employees of Wellsford and the Wellsford Subsidiaries set forth in Schedule 5.10 to the Wellsford Disclosure Letter (the "Schedule 5.10 Employees") by issuing to such Schedule 5.10 Employees a letter substantially in the form attached hereto as Exhibit "I" (the "Retention Program Letter"); provided, however, that in no event may the aggregate obligations of Wellsford and the Surviving Trust under the Retention Program exceed $544,575. The Surviving Trust shall maintain the Retention Program in accordance with the terms thereof. In no event shall Wellsford adopt or agree to any other severance or retention program in addition to the Retention Program, except as otherwise specifically set forth in this Agreement. Neither the Retention Program nor any other term of this Agreement shall require the Surviving Trust to continue the employment of any employee of Wellsford after the Effective Time. The Surviving Trust shall pay the amount set forth in Schedule 5.10 to the Wellsford Disclosure Letter to each Schedule 5.10 Employee whose employment is involuntarily terminated by the Surviving Trust without cause prior to such employee's receipt of the Retention Program Letter.
Retention Program. Holdings Employees shall cease participation in the Retention Program effective as of the IPO Date; provided, however, that a Holdings Employee shall continue to be eligible to participate in the Retention Program on and after the IPO Date with respect to awards in which such employee has a vested interest as of such date to the extent of such vested interest, as well as with respect to vested interests in "Follow-up Investments" (as such term is defined in the Retention Program) that relate to such awards. Continental shall retain liability for payments to Holdings Employees with respect to the vested interests in such awards and the vested interests in any "Follow-up Investments" that relate to any such awards under the Retention Program.
Retention Program. First Union and the Company have agreed, in ----------------- connection with the transactions contemplated hereby, to establish a retention program on substantially the terms described herein, the purposes of which is to retain the services of certain employees of the Company and the Company Subsidiaries (as hereinafter defined) following the consummation of the transactions contemplated hereby.
Retention Program. Descartes shall establish a cash-based retention program for the benefit of Ag Business Employees to promote retention and to incentivize efforts to consummate the Closing (the “Ag Retention Program”) consistent with the terms set forth in Section 5.8(p) of the Descartes Disclosure Schedule. Descartes or its Subsidiaries shall be solely responsible for any Liability arising under the Ag Retention Program.
Retention Program. Seller shall implement and fully fund a retention program on terms reasonably satisfactory to Buyer for the period from the date of this Agreement until the Closing.
Retention Program. Supplier will implement and maintain a reasonable retention strategy designed to retain Key Supplier Personnel on the ABM account for the prescribed period, which shall be at least as favorable as the retention strategy it implements and maintains for similarly situated Supplier employees. Supplier shall implement various retention strategies to retain Key Supplier Personnel, including but not limited to, granting stock options, awards, salary increases, recognition events and other retention and incentive programs offered to similarly situated Supplier employees.
Retention Program. At the Effective Time, the Company, in cooperation with the Acquiror, will have established a retention program on terms described in Schedule 5.15 to be used to retain certain employees of the Company, and Acquiror, the Company and the Surviving Corporation, as applicable, shall take all actions necessary to implement the provisions of such Schedule 5.15.
Retention Program. As of the Effective Time, the Surviving Trust shall adopt a retention program (the "Retention Program") with respect to those employees of EWR and the EWR Subsidiaries set forth in Schedule 5.8 to the EWR Disclosure Letter (the "Schedule 5.8 Employees") by issuing to such Schedule 5.8 Employees a letter substantially in the form previously agreed upon by the parties (the "Retention Program Letter"). The Surviving Trust shall maintain the Retention Program in accordance with the terms thereof. In no event shall EWR adopt or agree to any other severance or retention program in addition to the Retention Program, except as otherwise specifically set forth in this Agreement. Neither the Retention Program nor any other term of this Agreement shall require the Surviving Trust to continue the employment of any employee of EWR after the Effective Time.
Retention Program. At the request of Parent, the Company shall, and shall cause each Company Subsidiary to, cooperate in good faith with Parent to assist in the implementation of an employee retention benefit program designed by Parent, in it sole discretion; provided, however, that all benefits and payments under such retention benefit program shall be contingent upon the consummation of the transactions contemplated herein and the Surviving Corporation shall be solely liable for all obligations and liabilities under any such retention benefit program.
