Severance/Employment Agreements Sample Clauses

Severance/Employment Agreements. Purchaser will honor all of Company's obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 of the Company Disclosure Letter in accordance with the terms thereof.
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Severance/Employment Agreements. If the Effective Time occurs, Purchaser will honor all of Company’s obligations and assume all its defenses under existing severance, change of control or employment agreements to which Company or any Company Subsidiary is a party and which are listed on Section 5.7.7 of the Company Disclosure Letter in accordance with the terms thereof. Simultaneously with the execution and delivery of this Plan of Merger, Purchaser is entering into a letter agreement with each individual subject to such severance, change of control or employment agreements.
Sample 1
Severance/Employment Agreements. Except as set forth in Section 6.1.6 of the Total Disclosure Schedule, and except as may be required by applicable Law, neither Total nor any of its Subsidiaries shall take any action with respect to (i) the grant of any severance or termination pay (otherwise than pursuant to written plans or agreements of Total or any of its Subsidiaries in effect on the date hereof and made available to Xxxxxx prior to the date hereof, or past severance practices set forth in Section 6.1.6 of the Total Disclosure Schedule), (ii) any increase of benefits payable under such written plans and agreements providing for severance or termination pay in effect on the date hereof, or (iii) the creation of any employment or consulting agreement or the like, except for new hire employees or consultants in the ordinary and usual course of business consistent with past practice whose annual salary does not exceed $100,000 and whose severance does not exceed six (6) months' base salary.
Sample 1
Severance/Employment Agreements. Except with prior approval of the Integration Committee, and except as may be required by applicable Law, neither Xxxxxx nor any of its Subsidiaries shall take any action with respect to (i) the grant of any severance or termination pay (otherwise than pursuant to written plans or agreements of Xxxxxx or any of its Subsidiaries in effect on the date hereof and made available to Total prior to the date hereof, (ii) any increase of benefits payable under such written plans and agreements providing for severance or termination pay in effect on the date hereof, or (iii) the creation of any employment or consulting agreement or the like, except for new hire employees or consultants in the ordinary and usual course of business consistent with past practice whose annual salary does not exceed $100,000 and whose severance does not exceed six (6) months' base salary.
Sample 1
Severance/Employment Agreements. Simultaneously with execution and delivery of this Plan of Merger, ChoiceOne will enter into an agreement with each of the President and the Chief Executive Officer of CBC with respect to obligations under the existing employment agreements listed on the CBC Disclosure Letter.
Sample 1
Severance/Employment Agreements. Except as set forth in Section 6.1.6 of the Total Disclosure Schedule, and except as may be required by applicable Law, neither Total nor any of its Subsidiaries shall take any action with respect to (i) the grant of any severance or termination pay (otherwise than pursuant to written plans or agreements of Total or any of its Subsidiaries in effect on the date hereof and made available to Harris prior to the date hereof, or past severance practices set xxxxx in Section 6.1.6 of the Total Disclosure Schedule), (ii) any increase of benefits payable under such written plans and agreements providing for severance or termination pay in effect on the date hereof, or (iii) the creation of any employment or consulting agreement or the like, except for new hire employees or consultants in the ordinary and usual course of business consistent with past practice whose annual salary does not exceed $100,000 and whose severance does not exceed six (6) months' base salary.
Sample 1
Severance/Employment Agreements. Except with prior approval of the Integration Committee, and except as may be required by applicable Law, neither Harris nor any of its Subsidiaries shall take any action with respect xx (x) the grant of any severance or termination pay (otherwise than pursuant to written plans or agreements of Harris or any of its Subsidiaries in effect on the date hereof and xxxx available to Total prior to the date hereof, (ii) any increase of benefits payable under such written plans and agreements providing for severance or termination pay in effect on the date hereof, or (iii) the creation of any employment or consulting agreement or the like, except for new hire employees or consultants in the ordinary and usual course of business consistent with past practice whose annual salary does not exceed $100,000 and whose severance does not exceed six (6) months' base salary.
Sample 1
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Related to Severance/Employment Agreements

  • Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

  • Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Employment and Consulting Agreements Xxxxxxx X. Xxxx and Xxxx X. Xxxxxx shall have executed and delivered employment agreements with BRI, and Xxxxxx Xxxx shall have executed and delivered a Consulting Agreement with BRI.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

  • Summer Employment 5.10.1 Summer employment is defined as temporary employment of employees during their non-contract days between the end of one school year and the beginning of the next school year in classifications covered by this agreement. 5.10.2 All terms and conditions of this agreement shall be in force throughout any period of "summer employment" except for any deviations specifically addressed in thissection. 5.10.3 Employees who wish to be employed in summer employment must apply for a position(s) advertised on the district's employment website as temporary summer positions become available. 5.10.4 Employees shall be eligible for summer employment according to the employee's classification, district wide seniority, training, experience, and skills and the needs of the district.

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Employment and Non-Competition Agreements The Employment and Non-Competition Agreements described in SECTION 6.2 hereof shall have been duly executed and delivered by all parties thereto and shall be in full force and effect.

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