Shareholder Employment Agreements. Buyer and each of the Shareholders agree on the Closing Date to enter into the respective Shareholder Employment Agreements.
Shareholder Employment Agreements. Employment Agreements between Surviving Corporation, as Employer, and each of the Shareholders, respectively, as Employee, in form and substance as set forth in Schedule 6.8 attached hereto, shall have been duly executed by each of them and delivered to Parent.
Shareholder Employment Agreements. The Buyer and the Shareholders shall have delivered to each other executed employment agreements between each of the Shareholders and Buyer; substantially in the form attached as Exhibit 8.1.10.
Shareholder Employment Agreements. An Employment Agreement between HRH-Alabama, as Employer, and Mr. Chappelle, as Employee, ix xxxx xxx xubstance as set forth in Schedule 6.8 attached hereto, shall have been duly executed by each of them and delivered to Parent.
Shareholder Employment Agreements. An Employment Agreement between the Surviving Corporation, as the employer, and the Seller, as the employee in form and substance as set forth in Exhibit 10.8 attached hereto, shall have been duly executed by the Seller and delivered to Buyer.
Shareholder Employment Agreements. Purchaser shall have entered into an employment agreement with Xxxxxxx Xxxxxx in substantially the form attached hereto as Exhibit 4.2(f) and providing for the services to be performed principally at Vernon Hills, Illinois and for compensation of not less than $125,000 per year.
Shareholder Employment Agreements. Parent shall have executed and provided each of Messrs. John Xxxxxx xxx Michxxx Xxxxxxxxx x xeasonable opportunity to enter into the Shareholder Employment Agreements.
Shareholder Employment Agreements. Each of the Shareholders has an employment agreement with Janus Cam dated as of July 1, 2013 (the “Employment Agreements”). On October 6, 2014, the Company temporarily suspended payment of salary to the Shareholders under the Employment Agreements pursuant to Section 6.01(b) due to financial hardship stemming from Janus Cam’s failure to pay payroll tax liabilities. In connection with this Agreement, the Parties acknowledge and agree that (1) no accrued payroll is owed to Shareholders, (2) the suspension of the salary payments will continue through Closing, and (3) at Closing the Employment Agreements will be terminated and released as with all other obligations by and between the Shareholders, Janus Cam and the Company as provided herein. Notwithstanding the foregoing, the Parties agree that during the period prior to Closing, Janus Cam can advance personal loans to the Shareholders not to exceed their previous net salary as provided in the Employment Agreements. In the event any funds are advanced to Shareholders by the Company, whether directly or indirectly, the total amount of such funds shall be considered Inter-Company Debt and will be deducted from the aggregate $300,000 Inter-Company Debt advanced by the Company as set forth in this Agreement.
Shareholder Employment Agreements. Purchaser shall have entered into an employment agreement with Xxxxxxx XxXxxxxxxx in substantially the form attached hereto as Exhibit 4.2(f) and providing for the services to be performed principally at Pleasonton, California and for compensation of not less than $125,000 per year.
Shareholder Employment Agreements. Purchaser shall have received signed copies of Employment Agreements between Purchaser and each of the Employees of the Company set forth in SCHEDULE 6.12 in substantially the form of EXHIBIT E attached hereto.
