Common use of Special Vesting Upon Jefferies-Advised Sale of Company Clause in Contracts

Special Vesting Upon Jefferies-Advised Sale of Company. (i) The Board of Directors of the Company has announced its intent to explore strategic alternatives to maximize shareholder value, including a sale of the company, and recently retained Jefferies & Company, Inc. as exclusive financial advisor to advise it in the sale process. A “Sale of the Company,” as defined in (iii) below, pursuant to a transaction for which Jefferies & Company, Inc. serves as advisor is referred to in this Agreement as a “Jefferies-Advised Sale.”

Appears in 3 contracts

Samples: Employment Agreement (Benihana Inc), Employment Agreement (Benihana Inc), Employment Agreement (Benihana Inc)

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Special Vesting Upon Jefferies-Advised Sale of Company. (i) The Board of Directors of the Company (the “Board”) has announced its intent to explore strategic alternatives to maximize shareholder value, including a sale of the companyCompany, and recently retained Jefferies & Company, Inc. as exclusive financial advisor to advise it in the sale process. A “Sale of the Company,” as defined in (iii) below, pursuant to a transaction for which Jefferies & Company, Inc. serves as advisor is referred to in this Agreement as a “Jefferies-Advised Sale.”

Appears in 2 contracts

Samples: Employment Agreement (Benihana Inc), Employment Agreement (Benihana Inc)

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Special Vesting Upon Jefferies-Advised Sale of Company. (i) The Board of Directors of the Company (the “Board”) has announced its intent to explore strategic alternatives to maximize shareholder value, including a sale of the companyCompany, and recently retained Jefferies Xxxxxxxxx & Company, Inc. as exclusive financial advisor to advise it in the sale process. A “Sale of the Company,” as defined in (iii) below, pursuant to a transaction for which Jefferies & Company, Inc. serves as advisor is referred to in this Agreement as a “Jefferies-Advised Sale.”

Appears in 1 contract

Samples: Employment Agreement (Benihana Inc)

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